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Following notes ban, tax collection increased: Arun Jaitley

Following notes ban, tax collection increased: Arun Jaitley

Dec 30, 2016, at 04:18 am

New Delhi, dec 29 (IBNS): Union Finance Minister Arun Jaitley on Thursday said income tax collections have increased to the extent of 14.4 per cent due to government's demonetisation move.

Verification of high value suspicious declarations made under the IDS 2016 , says govt

Verification of high value suspicious declarations made under the IDS 2016 , says govt

Dec 04, 2016, at 10:08 pm

New Delhi, Dec 4 (IBNS): An Income Declaration Scheme (IDS) was announced in the Union Budget 2016-17 under which declaration of undisclosed income or asset could be made by agreeing to pay forty five percent (45%) of the declared amount as tax, surcharge and penalty.