Taxation - Corporate Law Reporter

Service Tax on senior advocate

[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. 33/2016-Service Tax New Delhi, the 6th June, 2016 G.S.R.____(E).-In exercise of the powers conferred by sub-section (1) read with subsection (2) of section 94 of the Finance Act, 1994… Read More

Amendment in notification No. 30/2012-Service Tax dated 20th June, 2012

[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. 34/2016-Service Tax New Delhi, the 6th June, 2016 G.S.R.____(E).- In exercise of the powers conferred by sub-section (2) of section 68 of the Finance Act, 1994 (32 of 1994),… Read More

Income–tax (14th Amendment) Rules, 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION New Delhi, the 02nd June, 2016 S.O. 1949(E)- In exercise of the powers conferred by section 295 read with subsection (2) of section 14A of… Read More

Full Day Seminar on Withholding Tax, Mumbai, 10th June

Indirect Tax dispute Resolution Scheme Rules, 2016

[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 New Delhi the 31st May, 2016 Notification No 29/2016-CE(NT) G.S.R. (E). - In exercise of the power conferred by sub-sections (1) and (2) of section 218 of the Finance Act, 2016,… Read More

Direct Tax Dispute Resolution Scheme 2016 & Equalisation Levy to come into effect from 1st June 2016

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 31st May, 2016 Sub: The Direct Tax Dispute Resolution Scheme 2016 & Equalisation Levy to come into effect from 1st June 2016. The Direct Tax Dispute Resolution Scheme, 2016 incorporated as Chapter X of the Finance Act,… Read More

Income-tax (13th Amendment) Rules, 2016

The Income Tax of India has issued amendment rules dated 31st May, 2016. Please click on below link to download the complete rules: Income-tax (13th Amendment) Rules, 2016 Read More

Notification of Committee for Examining Applications made under Rule 10VA

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, the 23 rd May, 2016 Sub: - Notification of Committee for Examining Applications made under Rule 10VA. The Finance Act, 2015 inserted a new section 9A to the Income-tax Act, 1961 with effect from 01.04.2016 to provide… Read More

Filing of on-line return for fourth quarter of 2015-16

The Department of Trade and Taxes has issued a circular dated 23rd May, 2016 on Filing of on-line return for fourth quarter of 2015-16. To access the complete circular, please click on the link below: Filing of on-line return for fourth quarter of 2015-16 Read More

Clarifications on the Income Declaration Scheme, 2016

Circular No.17 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated 20th of May, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter IX of the Finance Act, 2016 provides… Read More

Explanatory Notes on Provisions of the Income Declaration Scheme, 2016 As Provided In Chapter IX of the Finance Act, 2016

Circular No. 16 of 2016 F.No.370142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated: 20th May, 2016 EXPLANATORY NOTES ON PROVISIONS OF THE INCOME DECLARATION SCHEME, 2016 AS PROVIDED IN CHAPTER IX OF THE FINANCE ACT, 2016 Introduction The Income Declaration Scheme, 2016 (referred to… Read More

Digital reporting of Form No.60

Circular No. 14 /2016 F.No.370149/68/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th May, 2016 Subject: Digital reporting of Form No.60-reg. 1. Vide Notification No.95, dated 30th December, 2015, rules 114B, 114C and 114D of the Income-tax Rules, 1962 ( the Rules) were amended and have… Read More

SALARIED EMPLOYEES TO SUBMIT PROOF FOR LTA, HRA CLAIMS

The CBDT (Central Board of Direct Taxes) has introduced a new form (Form 12 BB) for claiming tax deduction towards LTA, LTC, HRA & interest paid for home loans. The new form mandates people to furnish proof of travel while claiming LTA, LTC, and details of landlord in case of HRA claims. Let us understand… Read More