Important Circulars Notifications July’2015

Penalty for failure to pay TDS in time can be levied even if the assesse pays the TDS before issue of any notice by Department. Cost Inflation Index for F.Y. 2015-16 notified. Case law on Service tax recovered but not paid to Government is Tax evasion. Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015.