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Important Circulars Notifications April'2015

Compliance Updates

Important Circulars Notifications April’2015

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Introduction of Undisclosed Foreign Income and Assets (Imposition of tax) bill, 2015. New bench of Supreme Court has been constituted to deal exclusively with income tax matters. Increase in transport allowance exemption limit from Rs. 800 to Rs. 1,600. Period of limitation will not apply, if service tax has been paid inadvertently.