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Salary Hike Calculator

salary hike calculator

A salary hike, also known as an increment is an increase in the current wage by a fixed percentage. This is expressed as a percentage of the current salary and is known as the percentage hike. A salary hike refers to an increment in salary. It includes upward adjustment of a person’s compensation package. It […]

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Section 88 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Amendment of Act of 15 of 2003 In the Prevention of Money-laundering Act, 2002, in the Schedule, in Part C, after entry (3), relating to the offences against property under Chapter XVII of the Indian Penal Code (45 of 1860), the following entry shall be inserted, namely:— “(4) The offence of wilful attempt to evade

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Section 87 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Amendment of section 2 of Act 54 of 1963 In section 2 of the Central Boards of Revenue Act, 1963, in sub-clause (1) of clause (c),— (a) in item (vii), the word “and” occurring at the end shall be omitted; and (b) after item (ix) as so amended, the following item shall be inserted, namely:—

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Section 86 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Power to remove difficulties (1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, not inconsistent with the provisions of this Act, remove the difficulty: Provided that no such order shall be made after the expiry of a period of two years from the date on

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Section 85 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Power to make rules  (1) The Board may, subject to the approval of the Central Government, by notification in the Official Gazette, make rules for carrying out the provisions of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the

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Section 84 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Application of provisions of Income-tax Act The provisions of clauses (c) and (d) of sub-section (1) of section 90, clauses (c) and (d) of sub-section (1) of section 90A, sections 119, 133, 134, 135, 9[138, 144A], Chapter XV and sections 237, 240, 245, 280, 280A, 280B, 280D, 281, 281B and 284 of the Income-tax Act shall

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Section 83 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Income-tax papers to be available for purposes of this Act Notwithstanding anything contained in the Income-tax Act, all information contained in any statement or return made or furnished under the provisions of that Act or obtained or collected for the purposes of the said Act may be used for the purposes of this Act.

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Section 82 – Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

Bar of suits in civil courts 1) No suit shall be brought in any civil court to set aside or modify any proceeding taken or order made under this Act. (2) No prosecution, suit or other proceeding shall lie against the Government or any officer of the Government, for anything in good faith done or

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