Daily Archives: November 13, 2019

Background Material on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019

By | November 13, 2019

Background Material on Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 Goods & Services Tax (GST) introduced in India on 1st July, 2017, subsumes seventeen tax legislations including various central legislations. The Hon’ble Union Finance Minister announced a dispute resolution cum amnesty scheme called “the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019” in the Union Budget… Read More »

Category: GST

Exemption to unauthorized colony from Income Tax by CBDT : Notification

By | November 13, 2019

The Central Board of Direct Taxes (CBDT) has notified a new Rule 11UAC in which it provided that provisions of Sec. 56(2)(x) shall not be applicable to any immovable property received by resident of unauthorized colony. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 11th November, 2019 G.S.R.… Read More »