Daily Archives: April 25, 2016

Indian Govt Steps to attract foreign tourists

The United Nation World Tourism Organisation (UNWTO) projects International Tourist Arrivals to grow by 4% world – wide during 2016.   Various initiatives undertaken by the Government to attract foreign tourists to the country are as follows:-          Multilingual Tourist Infoline: The Ministry of Tourism has launched the 24×7 Toll Free Multi-Lingual Tourist Info Line… Read More »

E-Tourist VISA Scheme of Indian Govt

E-Tourist VISA Scheme Government of India introduced e-Tourist Visa (earlier known as Tourist Visa on Arrival enabled by ETA) on 27.11.2014 to facilitate the nationals of the 43 countries visiting India. The e-Tourist Visa as on 26.02.2016 is available for nationals of 150 countries. The year 2015 witnessed a growth rate of 4.5% in terms… Read More »

Govt drafting 4 Labour Codes

Labour Reforms   Reforms in labour laws are an ongoing process to update legislative system to address the need of the hour and to make them more effective and contemporary to the emerging economic and industrial scenario. The Second National Commission on Labour has recommended that the existing Labour Laws should be broadly grouped into… Read More »

Concessions to startups regarding Labour Laws

Concessions to startups regarding Labour Laws In order to promote the Start-Up ecosystem in the country and incentivizing the entrepreneurs in setting up new start-up ventures and thus catalyze the creation of employment opportunities through them, the Ministry of Labour & Employment has issued an advisory to the States/UTs/Central Labour Enforcement Agencies for a compliance… Read More »

How to submit response to mismatch notice from Taxman ?

Submit response to mismatch notice from Income Tax Department   Traditionally, when Income Tax Department (ITD) found mismatch in information shown in the Income Tax Return with the information submitted from third parties in the form of Annual Information Return (AIR), TDS Statement etc., the cases were selected for scrutiny. (view the list of such… Read More »

Why mismatch in Income tax return ?

Mismatch in Income tax return Normally Income tax department issues notices if there is mismatch in the information received from the third parties (Banks etc ) and the Income tax return filed by the Taxpayer. Traditionally, when Income Tax Department (ITD) found mismatch in information shown in the Income Tax Return with the information submitted… Read More »

Codes used in Income Tax Return

List of Useful Codes Status of Taxpayer I Individual H Hindu Undivided Family (HUF) 1 Firm 2 Local Authority 3 Cooperative Bank 4 Cooperative Society 5 Any other AOP or BOI 6 Public Company 7 Private Company 8 Others Activity Code for Part A – Nature of Business 0101 Manufacturing Industry [Agro-based industries] 0102 Manufacturing… Read More »