The number of income tax payers has increased after demonetization. During the period of 09.11.2016 to 31.03.2017, 1.96 crore returns were filed as compared to 1.63 crore returns filed during corresponding period of FY 2015-16 and 1.23 crore returns filed during corresponding period of FY 2014-15. Demonetisation seeks to create a new ‘normal’ wherein the GDP would be bigger, cleaner and real. This exercise is a part of Government’s resolve to eliminate corruption, black money, counterfeit currency and terror funding. This was stated by Shri Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Rajya…
Author: khabarindia
Permanent Account Number (PAN) is the key identifier of taxable entity and aggregator of all financial transactions undertaken by one person. One PAN for one person is the guiding principle for allotment of PAN. However, for achieving the objective of one PAN to one assessee it is required to maintain uniqueness of PAN. The uniqueness of PAN is achieved by conducting a de-duplication check on all already existing allotted PAN against the data furnished by new applicant. Under the existing system of PAN only demographic data is captured. Some instances are found where multiple PANs have been allotted to one…
The Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas have reviewed international prices of crude oil and petroleum products for the month of July 2017. In the case of PDS Kerosene, the under-recoveries with effect from August 1, 2017 will be Rs 7.02 per litre. The under-recovery was Rs. 6.82 per litre in the first fortnight of July 2017 and Rs. 6.57 in the last fortnight of the month. The cash transfer to customer under DBTL will be Rs. 44.23, out of which Rs. 29.02 will be Cash Compensation on Domestic LPG by Govt. to consumers & Rs 15.21…
(FE) Prime Minister Narendra Modi left for Assam this morning to take stock of flood affected areas in the state, according to ANI news. PM Modi will chair a series of high level meetings to review the flood situation, and the relief operations in the North Eastern States, particularly in the states of Assam, Arunachal Pradesh, Nagaland and Manipur, the Prime Minister’s Office said. Yesterday PM Modi had announced Rs 2 lakh each for the next of kin of those who lost their lives in the floods in Assam. Apart from this, he also announced Rs 50,000 each for those seriously injured…
(PTI) Finance Minister Arun Jaitley today introduced in the Lok Sabha a bill that will replace an ordinance which was brought urgently for the timely execution of the GST law in the Union Territory of Chandigarh. The Punjab Municipal Corporation Law (Extension to Chandigarh) Amendment Bill, 2017 seeks to transfer power of the central government to levy taxes on entertainment and amusement in Chandigarh to its municipal corporation.
(PTI) Kerala Chief Minister Pinarayi Vijayan on Monday demanded that the Union government withdraw it’s decision to eliminate the LPG subsidy from March next year, saying it was a matter of concern. The decision would only cause difficulties to the common man as their day to day expenses will steadily go up. Hence, government should be prepared to withdraw the decision, he said in a release. The Chief Minister said that since July 2016, LPG prices had been increased at least 10 times. This month itself, at a single stroke, the LPG cylinder price had gone up by Rs 32,…
(AU) लालू प्रसाद यादव के परिवार के लिए मुसीबतें कम होने का नाम ही नहीं ले रही हैं। लालू का अभी नीतीश के बीजेपी से गठजोड़ का जख्म भरा ही नहीं था कि उनके बड़े बेटे तेज प्रताप यादव पर भी नये सीएम नीतीश का कहर टूटने लगा। बता दें कि नीतीश सरकार ने मिट्टी खरीद घोटाला में तेज प्रताप के खिलाफ जांच करने का फैसला लिया है। तेज प्रताप ने अपने पर्यावरण और वन मंत्री होने के दौरान पटना में संजय गांधी बॉयोलॉजिकल पार्क में मिट्टी खरीदी थी। एक अधिकारी ने बताया कि वन विभाग के प्रिंसिपल मुख्य सरंक्षक ने विभाग को मिट्टी खरीदने से संबंधित…
(IE) Stating that petrochemicals is a commodity for the “poor” of the country, DharmendraPradhan, Minister of State (Independent Charge), Union Petroleum and Natural Gas said Saturday that cotton clothes are worn by the rich and it is the poor who opt for polyester as it is cheap and sturdy. “Petrochemicals gareebo ki commodity hai. Aaj kal cotton k kapde, sampann log pehnte hai. Garib log polyester kapde pehnte hai. Yeh sasta hota hai aur tikau hota hai (Petrochemicals is a commodity of the poor. These days the rich wear cotton clothes. The poor wear polyester clothes. It is both cheap and…
(PTI) The government has ordered state-run oil companies to raise subsidised cooking gas (LPG) prices by Rs. 4 per cylinder every month to eliminate all the subsidies by March next year, Oil Minister Dharmendra Pradhan said today. The government had previously asked Indian Oil (IOC), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL) to raise rates of subsidised domestic LPG (liquefied petroleum gas) by Rs. 2 per 14.2-kg cylinder per month (excluding VAT). Now, the quantum has been doubled so as to bring down the subsidy to nil, he said in a written reply in the Lok Sabha here. Every household is entitled to 12…
As Income Tax Department and Government announced that last date for filling Income Tax Return won’t be extended from 31st July 2017, tax payers’ pressure on income tax e-filling site has taken it’s toll. Khabarindia received many complaints from Delhi, Lucknow, Kanpur, Chandigarh about not working and failing to login in of Income Tax e-filling site www.incometaxindiaefiling.gov.in , due to which people faced enormous hardship on the last day of filling. We checked ourselves and found that e-filling site was not loading up many times and even if it loads up it timed out many times while filing login details. It…