Gold and silver rates for the current year, last ten assessment years and on April 1, 1981 Assessment year/ valuation date Gold rates1 (standard 24 carats) (per 10 gms.) Rs. Silver rates (9,960 touch) (per 1 kg.) Rs. 01.04.1981 1,670 2,715 AY 2004-05 31.03.2004 6,065 11,770 AY 2005-06 31.03.2005 6,180 10,675 AY 2006-07 31.03.2006 8,490 17,405 AY 2007-08 31.03.2007 9,395 19,520 AY 2008-09 31.03.2008 12,125 23,625 AY 2009-10 31.03.2009 15,105 22,165 AY 2010-11 31.03.2010 16,320 27,255 AY 2011-12 31.03.2011 20,775 56,900 AY 2012-13 31.03.2012 28,040 56,290 AY 2013-14 31.03.2013 29,610 54,030 AY 2014-15 ...

SECTION 133 OF THE INCOME-TAX ACT, 1961 - INCOME TAX AUTHORITIES - POWER TO CALL INFORMATION - ISSUE OF NOTICE UNDER SECTION 133(6) FOR VERIFICATION OF CASH DEPOSITS UNDER OPERATION CLEAN MONEY INSTRUCTION NO.4/2017 [F.NO.225/100/2017-ITA.II] ,  DATED 3-3-2017 Vide  Instruction No. 3/2017 dated 21-2-2017 , in file of even number, CBDT has issued a SOP to be followed by the Assessing Officer(s) for Online Verification of Cash Transactions pertaining to the demonetisation period. In continuation thereof, the Board hereby prescribes a Template, to be used for issue of notices under section 133(6) of the Income-tax Act, 1961 ('Act') in appropriate cases, for Online Verification of Cash Deposits. The format is enclosed herewith as Annexure. 2.  Following issues may kindly be kept into consideration while issuing notices under section 133(6) of the Act, in applicable cases: i. Notice under section 133(6) of the Act is required to be issued, after obtaining prior appro...

SECTION 143 OF THE INCOME-TAX ACT, 1961 - ASSESSMENT - GENERAL - STANDARD OPERATING PROCEDURE (SOP) TO BE FOLLOWED BY ASSESSING OFFICERS IN VERIFICATION OF CASH TRANSACTIONS RELATING TO DEMONETISATION INSTRUCTION NO.3/2017 [F.NO.225/100/2017/ITA-II] ,  DATED 21-2-2017 Post demonetisation of Rs. 500 and Rs. 1000 notes on November 8, 2016, several malpractices has been noticed. The Income Tax Department is enquiring/seeking information and analysing instances of deposits to identify cases involving risk of tax evasion. Based upon vast amount of information of cash deposits collected and analysed by CBDT, a number of persons have been identified in whose case the cash transactions did not appear to be in line with their profile available with the Income-tax Department ('ITD'). In such cases, it has been decided to undertake on-line verification of select transactions through jurisdictional Assessing Officers ('AOs'). 2. OVERVIEW OF ONLINE VERIFICATION The online ...