Tax Gyan - The Makeyourtax Blog

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Imprisonment to DSP of CBI in Custom Duty Evasion Case

TWO YEARS RIGOROUS IMPRISONMENT TO TWO PRIVATE PERSONS AND A DSP OF CBI FOR EVASION OF CUSTOMS DUTY The Special Judge for CBI cases, Chennai has convicted Sh. G. Vinod Kumar Gollapudi & Sh. Natha Venkata Vathsa Vardhan, both private persons and Sh. K.A.A. Salaam, DSP, CBI for evasion of customs duty. Sh. K.A.A. Salaam …

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CAG Formulates Big Data Management Policy to Meet Challenges

Press Information Bureau Government of India Ministry of Finance Dated: 24-June-2016  Shashi Kant Sharma Chairs 1st BRICS SAIs Leaders Meeting. CAG Institution in India has taken several initiatives towards use of latest data analytical tools for audit planning & analysis and is also fine tuning its methodology for audit of environmental issues for better impact.  …

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OECD says world must act faster to harness digital economy potential

Governments must act faster to help people and firms to make greater use of the Internet and remove regulatory barriers to digital innovation or else risk missing out on the potentially huge economic and social benefits of the digital economy, the OECD told ministers and high-level officials from almost 40 countries today. Opening the Organisation’s …

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Tax Evaders to disclose income before 30.09.2016

Tax Evaders to disclose income before 30.09.2016 Press Information Bureau Government of India Ministry of Finance 26-June-2016 20:24 IST Prime Minister speaks on Income Declaration Scheme in Mann ki Baat The Honorable Prime Minister, Shri Narendra Modi, in his radio programme, Mann Ki Baat aired on Sunday, 26th June, 2016, advised his countrymen about the …

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10 reasons why you should file your Income Tax return

The due date of Income tax return filing for Individuals i.e 31st of July is fast approaching. It’s time to file your return and pay your taxes. Tax payers generally take filing of return as a burden or an additional compliance put on by the government. In fact, Income Tax Return is just a Statement …

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Clarification regarding News Report on Tax Defaulter Arrest

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes   PRESS RELEASE New Delhi, 21st June, 2016. Sub: – Clarification regarding News Report on Arrest of Tax Defaulters – reg Certain sections of the press have been carrying news reports today that Income Tax Department is going to arrest willful …

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