Entities to apply for Permanent Account Number in certain cases As per Budget 2018-19 :- Section 139A inter-alia provides that every person specified therein and who has not been allotted a permanent account number shall apply to the Assessing Officer for allotment of a Permanent Account Number (PAN). In order to use PAN as Unique… Read More »
Issue Number: 2018-1 Inside This Issue IRS Publishes New Content on Country-by-Country (CbC) Reporting IRS Issues Reminders for U.S. MNEs Filing Form 8975 on Paper IRS Issues Reminders for U.S. MNEs Amending Form 8975 1. IRS Publishes New Content on Country-by-Country (CbC) Reporting New content is available on the CbC Reporting pages: New CbC Reporting FAQs are now… Read More »
Ministry of Finance Tax Incentive for Promoting Post-Harvest Activities of Agriculture Posted On: 01 FEB 2018 1:42PM by PIB Delhi In order to encourage professionalism in post-harvest value addition in agriculture, the Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley proposed to allow hundred per cent deduction to companies registered as Farmer Producer… Read More »
Ministry of Finance Benefits Under Section 80-JJAA Of The Income-Tax Act Extended To Footwear And Leather Industry To Help Employment Generation Posted On: 01 FEB 2018 1:15PM by PIB Delhi The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley has proposed to extend the benefits under Section 80-JJAA of the Income-tax Act to… Read More »
Ministry of Finance Stricter controls over small cash flow by companies; Payments exceeding Rs. 10,000/- in cash made by such entities shall be disallowed Posted On: 01 FEB 2018 1:16PM by PIB Delhi In order to control the cash economy and increase TDS compliance, the Union Finance and Corporate Affairs Minister Shri Arun Jaitley proposed… Read More »
Ministry of Finance Rationalisation of long term capital gains proposed Revenue gain of about Rs.20,000 crores expected in the first year Posted On: 01 FEB 2018 1:21PM by PIB Delhi The Union Finance and Corporate Affairs Minister Shri Arun Jaitley today proposed to tax long term capital gains exceeding Rs.1 lakh at the rate of… Read More »
State Bank of India (SBI) Branches list in Ludhiana (Punjab) BSR Codes Branch Address 0000655 JAGRAON COLLEGE ROAD 0000674 LUDHIANA CIVIL LINES LUDHIANA 0000731 MILLERGANJ 0001150 KESARGANJ LUDHIANA CITY 0001289 CHAURA BAZAR LUDHIANA 0001466 KHANNA G T ROAD KHANNA 0001482 PAU, LUDHIANA PUNJAB AGRICULTURE UNIVERSITY 0001826 GILL ROAD LUDHIANA 0001840 LINK ROAD LUDHIANA 0001841 BRAHMPURI… Read More »
Ministry of Finance Amendments in the income-tax act proposed to notify a new scheme for assessment in electronic mode. E-assessment to be rolled-out across the country to transform age-old assessment procedure Posted On: 01 FEB 2018 1:20PM by PIB Delhi In the General Budget 2018-19 presented in Parliament today, the Union Minister for Finance and… Read More »
Ministry of Finance Relief to Senior Citizens: Exemption of Interest Income on deposits increased to Rs 50,000 Pradhan Mantri Vaya Vandana Yojana extended up to March 2020 Existed limit on investment under PMVVY enhanced to Rs 15 lakhs Posted On: 01 FEB 2018 1:29PM by PIB Delhi With the objective of providing a dignified life… Read More »
Ministry of Finance Relief to salaried taxpayers: standard deduction of Rs 40,000 allowed in lieu of present exemptions 2.5 Crores salaried employees and pensioners to benefit Differently-Abled will continue to get transport allowance at enhanced rate Posted On: 01 FEB 2018 1:29PM by PIB Delhi In order to provide relief to salaried taxpayer, the Union… Read More »