Taxation laws (second amendment) bill 2016




] An Act further to amend the Income-tax Act, 1961 and the Finance Act, 2016. Taxation (2ndnnddnd Amendment) Act 2016 Amendment) Act 2016 –– Effective from 15thtthhth December 2016 Lunawat & Co. The bill was passed by Speaker Sumitra Mahajan, with a …THE TAXATION LAWS (SECOND AMENDMENT) ACT, 2016. The Bill proposes 30 per cent tax on undisclosed income plus 10 per cent penalty beside a 33 per cent surcharge without …Nov 29, 2016 · CA Gautam Baid has prepared a bird’s eye-view review of the Taxation Laws (Second Amendment) Bill, 2016 in which he has identified all the core points that all tax professionals and tax payers have to be aware about. The bill was introduced on 28 November 2016, by Finance Minister of India, Arun Jaitley. (NO. 48 OF 2016) [15th December , 2016. The Taxation Laws (Second Amendment) Bill, 2016 (‘the Bill’) has been introduced in the Parliament to amend the provisions of the Act to ensure that defaulting assessees are subjected to tax at a higher rate and stringent penalty provision. Government has given another opportunity to declare undisclosed income post demonetization decision. The Taxation Laws (Second Amendment) Bill, 2016, was introduced in the Lok Sabha during the 2016 Winter Session of Indian Parliament. Self-declaration of undisclosed income: The Bill proposes to introduce the Pradhan Mantri Garib Kalyan Yojana, 2016. Analysis of The Taxation Laws (Second Amendment) Bill, 2016. Dec 01, 2016 · The Taxation Laws (Second Amendment) Bill, 2016 introduced in Lok Sabha by the Government on November 28th, 2016 seeks to address the above dichotomy. It seeks to amend the Income Tax Act, 1961 and Finance Act, 2016. Amendment to Income Tax Act, 1961. To bring more clarity and to capture the possible concealing black money, The Taxation Laws (Second Amendment) Bill, 2016 (‘the Bill’) has been introduced in the Parliament to amend the provisions of the Act to ensure that defaulting assessees are subjected to tax …Nov 29, 2016 · The Taxation Laws (Second Amendment) Bill, 2016 has been introduced by the Finance Minister Arun Jaitley before the Parliament on Monday. Accordingly, the Government has introduced the Taxation Laws (Second Amendment) Bill, 2016 (the Bill) in the Parliament to amend the provisions of the Act and the Finance Act to ensure that defaulting taxpayers are subjected to tax at a higher rate and stringent penalty provision. BE it enacted by Parliament in the Sixty-seventh Year of the Republic of India as follows:— CHAPTER I PRELIMINARY. Dec 05, 2016 · Sub: Taxation Laws (Second Amendment ) Bill, 2016- reg In the wake of Taxation Laws (Second Amendment) Bill, 2016 which has been passed by Lok Sabha and is under consideration withRajyaSabha, some rumours have been making rounds that all gold jewellery including ancestral jewellery shall be taxed @75% plus cess with a further penalty liability of 10% of tax payable. Nov 28, 2016 · The Taxation Laws (Second Amendment) Bill, 2016, proposes to make some changes in the Act to ensure that defaulting assessees are subjected to tax at a …The Taxation Laws (Second Amendment) Bill, 2016 was introduced in Lok Sabha on November 28, 2016


 
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