Revenue Secretary Hasmukh Adhia dismissed fears that GST implementation will lead to a spurt in prices.
Teams from the IT department swooped down on a total of 13 premises in Delhi, Chandigarh and parts of Punjab.
The Income Tax department has detected over Rs 540 crore black money in the next 15 days as part of its nationwide operations to check tax evasion.
The task before the panel is to keep the impact of GST oninflation and prices near neutral or zero.
Special GST awareness campaign has been displayed through 12 Air India aircraft and TV advertisements, and radio jingles are being run on major channels.
The Mumbai tribunal said in a recent ruling that the assessing officer can now demand further proof for allowing HRA deduction.
The 7th Pay Commission had recommended that house rent allowance be paid at the rate of 24 per cent, 16 per cent and 8 per cent of the new basic pay, depending on the type of city.
PPF deposits are offering the lowest interest rate in around 40 years as the government has been progressively bringing down interest rate on small savings schemes.
The older pin code was marked for the entire Electronic City area in Bengaluru, where the CPC facility is based.
The Income Tax Department may disallow fake HRA exemptions on the basis of recently-issued guidelines by the Mumbai ITAT (Income Tax Appellate Tribunal).
Post-demonetisation, the government had provided a 50-day window beginning November 9, 2016 to deposit the junked notes in bank accounts.
The government launched the Lucky Grahak Yojana for consumers and Digi Dhan Vyapar Yojana for merchants on December 25, 2016 to promote digital transactions.
Over 1.08 crore assessees have already linked their Aadhaar account to their PAN
Now the limit that can set off against the loss from rented house property has been restricted to Rs 2 lakh per annum.
All cash payments of over Rs 2 lakh for paying loans and credit card bills during the 50-day period post demonetisation have to be disclosed in the Income Tax return form.
At the national level, direct tax collections in 2016- 17 stood at Rs 8.47 lakh crore, up 14.2 per cent over the last fiscal year.
Consultants have been conducting seminars to educate small time businessmen about the impact of GST on their bread and butter, free of cost.
From the 23,064 searches that have been conducted, more than Rs 1.37 lakh crore of tax evasion has been detected, the Finance Ministry said Friday.
Aadhaar will also be compulsory for making an application for allotment of Permanent Account Number (PAN), with effect from July 1.
Aadhaar has been made mandatory for applying for permanent account number with effect from July 1, 2017.