Daily Archives: November 24, 2016

Freight Subsidy Scheme 2013 discontinued

By | November 24, 2016

MINISTRY OF COMMERCE AND INDUSTRY (Department of Industrial Policy and Promotion) NOTIFICATION New Delhi, the 22nd November, 2016 F.No.11(5)/2009-DBA-II/NER.— The Government has decided to discontinue the Freight Subsidy Scheme, 2013, notified vide notification F.No.11(5)/2009-DBA-II/NER dated 22.01.2013, with immediate effect. Accordingly, industrial units registered under the Freight Subsidy Scheme, 2013 prior to the date of issue… Read More »

IDS Challan No 286 in Excel ,PDF or Pay Online -ITNS 286 in Excel ,PDF

By | November 24, 2016

Income Declaration Scheme, 2016 (IDS Challan) As per Finance Act, 2016, The Income Declaration Scheme, 2016 provides an opportunity to persons who have not paid taxes in full for previous years to declare their undisclosed income for such previous years and pay taxes thereon. The said tax payment has to be made to the Government… Read More »

Printout of GAR7 forms/ TR-6 challans is not required -Reducing printouts in Customs Clearance

By | November 24, 2016

[F. No. 450/25/2013-Cus IV (Pt)] Government of India Ministry of Finance Department of Revenue Central Board of Excise And Customs New Delhi Circular No. 55/2016-Customs, Dated: November 23, 2016 To All Principal Chief Commissioners/Chief Commissioners of Customs/ Customs (Prev.) All Principal Chief Commissioners/Chief Commissioners of Central Excise&Customs All Principal Commissioners/Commissioners of Customs/ Customs (Prev.) All… Read More »

Aadhaar number Seeding in UAN database of EPF members

By | November 24, 2016

EMPLOYEES’ PROVIDENT FUND ORGANISATION (Ministry of Labour & Employment, Govt of India) No. CAIU /011(27) 2016/KYC/13466 Dated: 21.11.2016 To All Additional Central P.F. Commissioner (Zones) All Regional P.F. Commissioner-In-charge of ROs/ SROs Sub:-Seeding of Aadhaar number in the UAN database of  EPF members -regarding. Madam/Sir, It is noted that under the implemented Universal Account Number… Read More »

Revamped Merchant Shipping Bill 2016 approved by Govt of India

By | November 24, 2016

Cabinet approves introduction of the revamped Merchant Shipping Bill 2016 in the Parliament and simultaneous repealing of the Merchant Shipping Act, 1958 and the Coasting Vessels Act, 1838 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Merchant Shipping Bill, 2016 for introducing it in the Parliament. The Merchant Shipping… Read More »

India and New Zealand Protocol ratified for avoidance of double taxation

By | November 24, 2016

Cabinet approves the third Protocol to the Convention between India and New Zealand for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the ratification and entry into force of the third Protocol to… Read More »

Calling for information u/s 133(6) without prior approval of CIT is curable irregularity

By | November 24, 2016

Held we are of the opinion that calling for information without prior approval of the CIT is a case of curable irregularity and it cannot be termed as nullity. We are of the opinion that no appeal lies against section 133(6) of the Act and this Tribunal cannot adjudicate upon validity of action of the… Read More »

Assessing Officer can collect information from Co-operative Society

By | November 24, 2016

Issue The notice under section 133(6) is not attracted in the case of a Co-operative Society Held Going by sub-clause (v) of section 2(31), which defines term ‘person’, and also in view of nature and construction of a co-operative society, it can be said that a co-operative society is a ‘ body corporate ‘ given… Read More »