THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINSTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th June, 2016 No. 46 /2016 INCOME-TAX S.O. 2142(E).—In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to… Read More »
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the Dated: 17th June, 2016 Notification No. 47/2016 INCOME TAX S.O. 2143(E).—In exercise of the powers conferred by sub-section (1F) of section 197A of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notification of the Government of… Read More »
MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) NOTIFICATION New Delhi, the 20th June, 2016 No. 10 /2015-2020 Subject: Amendment in policy condition 1 (e) of Chapter 88 of ITC (HS), 2012 – Schedule – 1 (Import Policy). S.O. 2153(E).— In exercise of powers conferred by Section 3 of FT… Read More »
MINISTRY OF PERSONNEL, PUBLIC GRIEVANCES AND PENSIONS (Department of Personnel and Training) NOTIFICATION New Delhi, the 20th June, 2016 S.O. 2155(E).—In exercise of the powers conferred by clause (g) of sub-section (1) of section 14 of the Lokpal and Lokayuktas Act, 2013 (1 of 2014) (hereafter in this notification referred to as the said Act),… Read More »
MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (Central Board of Direct Taxes) NOTIFICATION New Delhi, the 20th June, 2016 S.O. 2151(E).—In exercise of the powers conferred by section 285BA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government with respect to registration of persons, due diligence and maintenance of information,… Read More »
Avoid Silly Mistakes in Filing Income Tax Return Avoid Mistakes in Filing Income Tax return : Select the Correct Income Tax Return Form ITR Description ITR 1 (SAHAJ) For Individuals having Income from Salary & Interest. ITR 2 For Individuals & HUFs not having Income from Business or Profession ITR 2A For Individuals & HUFs… Read More »
HDFC Bank, the country’s second largest private sector lender, has launched a digital bank for its small andmedium enterprises (SME) customers. It aims to grow its market share in the hinterlands with this. “It takes away the hassle of physical availability of a relationship manager and makes banking process faster. We expect this service to… Read More »
Top advance taxpayer charts for Q1 for FY 2016-17 The advance tax payments by a sample of the top companies, excluding banks and finance companies based in Mumbai, have seen good growth for the first instalment on Wednesday. However, overall advance tax payment for the quarter remained flat, due to dip in public sector banks’… Read More »
The model GST law, unveiled by the government last week for stakeholder comments, says that any supply sans any consideration will attract tax. Free samples and gifts offered with purchases as well as popular ‘buy-one-get-one-free’ deals may attract the proposed Goods and Services Tax (GST) levy which government plans to roll out from April 2017.… Read More »
Ministry of Finance 21-June, 2016 Clarification regarding News Report of Arrest of Tax Defaulters Certain sections of the press have been carrying news reports today that Income Tax Department is going to arrest wilful defaulters of tax. In this regard, it is clarified that no such statement has been authorised by the Income-tax Department. Though… Read More »