Circular No.43 of 2016 F.No. 142/33/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 27th December,2016 EXPLANATORY NOTES ON PROVISIONS OF THE TAXATION AND INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 AS CONTAINED IN CHAPTER IX-A OF THE FINANCE ACT, 2016 Introduction 1. The… Read More »
Taxation & Investment Regime for PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 Link to Buy Taxation & Investment Regime for PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 Publisher: Bharat Law House Pvt. Ltd.; First edition (2016) Pages 244 PART 1 TAXATION & INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 Flowchart for Pradhan Mantri Garib Kalyan… Read More »
Taxation Laws (Second Amendment) Act 2016 The following Act of Parliament received the assent of the President on the 15th December, 2016, and is hereby published for general information:— This Act may be called the Taxation Laws (Second Amendment) Act, 2016. [‘CHAPTER IXA covers TAXATION AND INVESTMENT REGIME FOR PRADHAN MANTRI GARIB KALYAN YOJANA, 2016 ]
Disclosure under PM Garib Kalyan Yojna vs. Voluntary disclosure under Sec. 115BBE Sr. No. Points of comparison Proposed PMGKY Scheme Proposed on-tap voluntary disclosure scheme u/s 115BBE of Income-tax Act, 1961 1. Duration of Scheme One-Time window – Limited duration. Last date to be notified On-tap scheme to be available with effect from AY 2017-18.… Read More »
Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana 2016 Key Points about Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana 2016 Disclosure of black money held in banks or cash Background of Pradhan Mantri Garib Kalyan Yojana 2016 :In the wake of declaring specified bank notes of Rs 500/ Rs 1000 “as… Read More »
AS INTRODUCED IN LOK SABHA on 28.11.2016 THE TAXATION LAWS (SECOND AMENDMENT) BILL 2016 Bill No. 299 of 2016 FINANCIAL MEMORANDUM This Bill seeks to impose a higher rate of tax and levy of penalty in respect of certain incomes. It also provides for a scheme for payment of tax, penalty and surcharge on the… Read More »