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Mann ki Baat - 31
on
30th April 2017
at 11:00 AM IST


AKASHVANI SAMACHAR BHARTI 2016

Prime Minister's National Relief Fund(PMNRF) and National Defence Fund(NDF)

All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961


Persons With Disabilities(Equal Opportunities,Protection of Rights and Full Participation) Act,1995

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Arun Jaitley calls for expeditious use of penalising power by ED

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Finance Minister Arun Jaitley today said, penalising powers of Enforcement Directorate should be used expeditiously in cases of non- compliance. Speaking at the Enforcement Day event in New Delhi, Mr Jaitley said, non-compliance of tax laws has always hit the larger public and national interest.

He asked the ED to strictly enforce law to help the exchequer raise legitimate revenue. He said, both Revenue department and the ED have to play very important role in this regard.

Mr Jaitley termed the money laundering, tax evasion and creation of shell companies as a serious offence as the money meant for eduction, healthcare, rural development is being taken away.

He said, these violations are not difficult to detect and scrutiny of filing with registrar of companies can also lead to the detection.

On the occasion, Revenue Secretary Hasmukh Adhia said that as many as 8 to 9 lakh registered companies not filing annual returns with the Ministry of Corporate Affairs, are a potential source of money laundering.

He said, the task force set up by the PMO is monitoring these companies every 15 days. Adhia said, some of these companies have been issued notices.

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