Daily Archives: November 16, 2016

Merger of Rail Budget With Union Budget of India -Key features

By | November 16, 2016

Merger of Rail Budget With Union Budget The Government has decided to merge Rail Budget with the Union Budget from budget year 2017-18. The merger of Railway Budget with General Budget is based on the recommendations of the Committee headed by Shri Bibek Debroy, Member, NITI Aayog and a separate paper on ‘Dispensing with the… Read More »

Insurance Cover For Railway Passengers

By | November 16, 2016

Insurance Cover For Railway Passengers An Optional Travel Insurance Scheme on a pilot basis for one year has been launched w.e.f 01/09/2016 for the railway passengers who book e-ticket through official website of Indian Railway Catering & Tourism Corporation (IRCTC). Under the scheme reserved passengers who expire or are disabled permanently or partially due to… Read More »

Aadhaar Toll-Free Helpline No. 1947 Launched

By | November 16, 2016

Revamped Aadhaar Toll-Free Helpline No. 1947 Launched 1947 to bring convenience to Aadhaar holders, provide solutions anytime, anywhere With the growing use of Aadhaar in transactions related to services like Banking, Government Welfare Schemes, etc., the Unique Identification Authority of India (UIDAI), launched a revamped version of its Toll-free helpline number: 1947, to help residents… Read More »

Rule 114E -Income Tax Rules After Amendment 15.11.2016

By | November 16, 2016

Rule – 114E, Income-tax Rules 1962 (After Amendment vide Notification No G.S.R. 1068(E) dated 15.11.2016) 9 [Furnishing of statement of financial transaction.9a 114E. (1) The statement of financial transaction required to be furnished under sub-section (1) of section 285BA of the Act shall be furnished in respect of a financial year in Form No. 61A… Read More »

Rule 114B of Income Tax Rules after Amendment 15.11.2016

By | November 16, 2016

Rule 114B of Income Tax Rules ( Rule 114B of Income Tax -Amended vide Notification G.S.R. 1068(E) Dated 15.11.2016 and Notification No G.S.R. 14(E) Dated 06.01.2017 ) CBDT has amended Rule 114B making quoting of PAN mandatory for cash deposits exceeding Rs. 50,000 in one day or exceeding Rs. 2.5 Lacs during 9 Nov. 2016 to 30 Dec.… Read More »

Taxman asked details of Cash Deposit Exceeding Rs 2.5 Lakh in Bank A/c -Notification 15.11.2016

By | November 16, 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 15th November, 2016 G.S.R. 1068(E).—In exercise of the powers conferred by section 285BA, read with section 295 of the Incometax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the… Read More »