What to do to claim refund of Income Tax If I have paid excess income tax, how and when will it be refunded to me? Answer: To claim the excess paid tax, the assessee has to file Income Tax Return, irrespective of the fact whether the income is taxable or not. The amount of refund… Read More »
Govt faces embarrassment in RS; 5 oppn amendments to Finance Bill adopted New Delhi, Mar 29 (PTI) The government today faced a major embarrassment in the Rajya Sabha as five amendments moved by the opposition to the Finance Bill 2017 were adopted before the House approved the measure. Of the five opposition amendments, three were… Read More »
Finance Bill 2017 -Rajya Sabha -Reply by FM -Arun Jaitley 29.03.2017
Arun Jaitley’s reply on Finance Bill in Lok Sabha 22.03.2017
Finance Minister Arun Jaitley’s reply in the Rajya Sabha on Finance Bill 2017
Finance Bill 2017 as Passed by Lok Sabha on 22.03.2017 AS PASSED BY LOK SABHA ON 22.03.2017 Bill No. 12-C of 2017 Download Finance Bill 2017
Changes proposed in Finance Bill, 2017 Changes made in the Finance Bill, 2017 as passed by the Lok Sabha viz-a-viz the Finance Bill, 2017 presented originally in the Lok Sabha [ Read Finance Bill 2017 Amendment -Lok Sabha 20.03.2017-Download/Print ] 1) Threshold limit prohibiting cash payments reduced Finance Bill, 2017 had imposed a prohibition on receipt of… Read More »
Finance Bill 2017 Amendment Lok Sabha Notice of Amendment Dated 20.03.2017 Finance Bill 2017 Amendment -Lok Sabha 20.03.2017-Download/Print
In yet another move to curb black money in India, the government on Tuesday proposed a fresh ceiling of Rs 2 lakh on cash transactions, which is lower than the Rs 3 lakh proposed in Budget 2017-18. An amendment to this effect, was one among the 40 amendments proposed by Finance Minister Arun Jaitley to… Read More »
2 p.m.: Lok Sabha on 21.03.2017 House reconvenes. Deputy Speaker M. Thambidurai is in the Chair. Arun Jaitley rises to move that the Finance Bill, 2017 be taken into consideration. N.K. Premachandran says he is opposed to the Finance Bill under rule 219(1) and Article 110. He says the Finance Bill can only provide for… Read More »