Model Text for the Indian Bilateral Investment Treaty The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for the revised Model Text for the Indian Bilateral Investment Treaty. The revised Indian model text for Bilateral Investment Treaty (BIT) will replace the existing Indian Model BIT. The revised model BIT… Read More »
Notifying Fireworks under Section 110 (1A) of Customs Act, 1962 [TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART-II, SECTION 3 SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 143/2015- Customs (N.T.) New Delhi, the 15th December, 2015 G.S.R. .(E). – In exercise of the powers conferred by sub-section (1A) of section… Read More »
REDUCTION OF GOVERNMENT LITIGATION – PROVIDING MONETARY LIMITS FOR FILING APPEALS BY DEPARTMENT BEFORE CESTAT/HIGH COURTS AND SUPREME COURT INSTRUCTION [F.NO.390/MISC./163/2010-JC], DATED 17-12-2015 In exercise of the powers conferred by section 35R of the Central Excise Act, 1944 made applicable to Service Tax vide section 83 of the Finance Act, 1944 and section 131BA of the Customs Act,… Read More »
Seeks to further amend notification No 12/2012-Central Excise dated 17.03.2012 so as to increase Excise Duty rates on Petrol and Diesel (both unbranded and branded) [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 46/2015-Central Excise New Delhi,… Read More »
PAN card Application Form Documents Required for PAN card Application Form The documents required to be submitted with the PAN application are specified in Rule 114 of the Income-tax Rules. The details of the documents required are also provided in the application form. Form No 49A (New PAN Application Form for citizen of India) Form… Read More »
Duplicate PAN Card : Common Questions Instead of applying the Duplicate PAN Card , can I apply new PAN card number ? A person cannot hold more than one PAN. If a PAN is allotted to a person, then he cannot apply for obtaining another PAN. A penalty of Rs. 10,000/- is liable to be imposed under Section… Read More »
Question :Can the Cash Credit Account Attachment be done by the Income Tax department in case of Tax Demand ? Held I discharge the attachment with regard to the cash credit account of the petitioner with Allahabad Bank, Bowbazar Branch. In this, I am supported by a decision of the Madras High Court in K.M. Adam v. ITO [1958]… Read More »
Apply PAN Card Procedure to Apply PAN Card A person wishing to obtain PAN can apply for PAN by submitting the PAN application form (Form 49A/49AA) along with the related documents and prescribed fees at the PAN application center of UTIITSL or NSDL. Forms to Apply PAN Card Click to Download Form 49A : Application for PAN… Read More »
CBDT takes Initiatives for reducing Tax Litigation as a part of its initiatives to reduce grievances of the taxpayers The Central Board of Direct Taxes (CBDT) has issued a Circular revising the monetary limits for filing of appeals by the Department with the objective of reducing litigation as a part of its initiatives to reduce… Read More »
CBDT takes various significant decisions in last three months for providing better taxpayer services, improving ease of doing business and reducing the burden of compliance on the tax payer The Central Board of Direct Taxes (CBDT) has taken a number of decisions over last three months with the objective of providing better taxpayer services,… Read More »