Taxation - Corporate Law Reporter

Download form ITR 1 and ITR 4S for AY 2016-17 for E-filing

The Income Tax department of India has issued Forms ITR - 1 & ITR - 4S which are available for the annual filing. To download the forms, please click on the link below: ITR - 1_2016 ITR4S_2016 Read More

Central Government notifies Maharashtra State Board of Technical Education for the purpose of exemption u/s 10(46)

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th March, 2016 S.O. 1251(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Maharashtra State Board… Read More

Request to taxpayers to avail facility for online rectification – regarding

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 1 st April, 2016 Sub: Request to taxpayers to avail facility for online rectification – regarding Income-tax Act provides the taxpayer with an option to seek rectification of mistakes apparent from record under section 154 of the… Read More

Income-tax (8th 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 23rd March, 2016 INCOME-TAX S.O. 1206 (E).- In Exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961),… Read More

Signing of 11 unilateral Advance Pricing Agreements (APAs)

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 29th March, 2016 Sub: Signing of 11 unilateral Advance Pricing Agreements (APAs)- regarding. The Advance Pricing Agreement (APA) programme was introduced by the Finance Act, 2012 to provide a predictable and non-adversarial tax regime and to reduce… Read More

FAQ on E-Filing with Competition Commission of India

General 1. How is payment to be made? The payment to the CCI will be made through the e-payment gateway to which the user will be led after filling in necessary details. The payment will be through the e-payment gateway of Corporation Bank. The charges for making the payment through internet banking are Rs 20… Read More

SEZ developer is eligible for refund of service tax paid on various input services like company secretary, chartered accountant, security, legal consultancy etc.

[In the matter of AMRL Hitech City Ltd v. Commissioner of Central Excise & ST Tirunelveli] Appeal No.ST/40661/2015 Date of hearing/decision: March 17, 2016 BRIEF FACTS The Appellant is registered as Multi Product Special Economic Zone (MPSEZ) as a developer of AMRL Hi-Tech City. The Appellant claimed the refund of credit paid on various input… Read More

Sealing and de-sealing of the premises

The Department of Trade and Taxes has issued a Circular dated 16-3-16 on Sealing and de-sealing of the premises. To Download complete Circular, please click on the link below: Sealing and de-sealing of the premises Read More

Assessment of Enforcement Survey/Seizure Cases by respective ward officers

The Department of Trade and Taxes has issued a Circular dated 19-3-16 on Assessment of Enforcement Survey/Seizure Cases by respective ward officers. To Download complete Circular, please click on the link below: Assessment of Enforcement Survey/Seizure Cases by respective ward officers Read More

DVAT notified a new composition scheme for Restaurants and shops operating in NCT of Delhi

The Government of National Capital Territory of Delhi has issued notification on a new composition scheme for Restaurants and shops operating in NCT of Delhi. To Download the complete notification, please click on the link below: New composition scheme for Restaurants and shops operating in NCT of Delhi Read More

Inclusion of interest income in the return of income filed by persons liable to pay tax

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 23rd March, 2016 Sub: Inclusion of interest income in the return of income filed by persons liable to pay tax- regardingInformation regarding interest earned by individuals and business entities on term deposit is filed with the Income… Read More

Income–tax (7th Amendment) Rule, 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 18thMarch, 2016 S.O.1155 (E)- In exercise of the powers conferred by section 285BA, read with section 295 of the Income-tax Act, 1961… Read More

Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17

PRESS INFORMATION BUREAU GOVERNMENT OF INDIA ********* Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17 notified;. Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. are being continued and included in the rates notified today.… Read More