Income Tax

As you are aware Government of India has demonetized Rs. 500 and Rs. 1000/- currency and placed several restrictions on cash transactions to deal with cash crunch problems as a result of it. The main restrictions are

Rupee

The Government of India, demonetized the Rs. 500/- and Rs. 1,000/- currency notes in India on Nov 08 2016. This phenomenon is not new to India. Demonetization in done in 1948 and next in 1978.

Indian Currency Demonetization

Tax Rates

1. In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person

Assessment Year 2016-17

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From time to time we often hear about PAN being mandatory for several transactions. The main aim of bringing these provisions are

PAN Card