Daily Archives: December 30, 2017

Be aware of Virtual Currencies and Bitcoin : Indian Govt Advisory

By | December 30, 2017

Ministry of Finance Government Cautions People Against Risks in Investing in Virtual ‘Currencies’; Says VCs are like Ponzi Schemes Posted On: 29 DEC 2017 9:55AM by PIB Delhi The Ministry of Finance has issued the following statement today on Virtual ‘Currencies’. “There has been a phenomenal increase in recent times in the price of Virtual… Read More »

Operation Clean Money : Data analytics is used to match income tax return

By | December 30, 2017

Ministry of Finance Operation Clean Money Posted On: 29 DEC 2017 5:08PM by PIB Delhi As a part of post-demonetisation exercise, Income Tax Department had to analyse cash deposit data and seek information to identify possible cases of tax evasion. Operation Clean Money (OCM) was launched on 31st January 2017, with the mission to “Create… Read More »

Linking of Jan Dhan Accounts with Aadhaar : Govt saved Rs 57,029 crore

By | December 30, 2017

Ministry of Finance Linking of Jan Dhan Accounts with Aadhaar Posted On: 29 DEC 2017 5:10PM by PIB Delhi Linking of Aadhaar in bank accounts, Jan Dhan or otherwise, enables Ministries/Departments under Centre and State governments to transfer subsidy directly into the bank account of the beneficiaries using the Aadhaar Payment Bridge. However, beneficiaries not… Read More »

GSTR 1 due date Extended

By | December 30, 2017

Ministry of Finance Extension of date for filing return in FORM GSTR-1 Posted On: 29 DEC 2017 7:11PM by PIB Delhi The last date for filing of return in FORM GSTR-1 for all taxpayers for the relevant periods, as shown in the Table below, has been extended to 10th January, 2018. Table Sl. No. Class of… Read More »