CBDT issues circular endorsing validity of e-declarations

The CBDT has issued an order endorsing the legal validity of the e-declarations made under the ongoing domestic black money window, known as the Income Declaration Scheme (IDS).

With only a month left for the IDS to close on September 30, the Central Board Of Direct Taxes(CBDT) said for those entities who make declarations of their domestic untaxed assets in the online mode, the Commissioner rank officer of its Central Processing Centre (CPC) in Bengaluruwill be "deemed" as the authority for receiving such declarations under the relevant sections of the I-T Act.

Business Standard New Delhi,01th September 2016

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RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

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India can't rely on wealthy to drive growth: Ex-RBI Dy Guv Viral Acharya

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