Taxation - Corporate Law Reporter

Rules regarding quoting of PAN for specified transactions amended

Press Information Bureau Government of India Ministry of Finance 15-December-2015 19:59 IST Rules regarding quoting of PAN for specified transactions amended The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, the Income-tax Rules… Read More

TDS under section 194A of the Act on interest on fixed deposit made on directions of Courts

Circular No. 23 /2015 F.No.279/Misc./140/2015-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 28th December, 2015 Subject:- TDS under section 194A of the Act on interest on fixed deposit made on directions of Courts — reg. Section 194A of Income Tax Act, 1961 ("the Act") stipulates deduction… Read More

Agreement between the Government of the republic of India and the Government of the republic of Macedonia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 21st December, 2015 S.O. 3499(E).—Whereas, an Agreement was entered into between the Government of the Republic of India and the Government of the Republic of Macedonia for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income that… Read More

Furnishing of information in respect of payments made to the non-resident

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE Dated: 17th December, 2015 Sub: Furnishing of information in respect of payments made to the non-resident regarding. Section 195 of the Income-tax Act (‘the Act’)empowers the Central Board of Direct Taxes to capture information in respect of payments made… Read More

Applicability of service tax on the services received by apparel exporters in relation to fabrication of garments

Circular No.190/9/2015-Service Tax F.No.354/153/2014-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** Dated- 15th December, 2015 To, Principal Chief Commissioners of Customs and Central Excise(All) Principal Chief Commissioners of Central Excise & Service Tax (All) Principal Director Generals of Goods and Service Tax/System/CEI Director General of Audit/Tax Payer Services, Principal… Read More

Draft Guiding Principles for Determination of Place of Effective Management (Poem) of a Company Formulated.

Press Information Bureau Government of India Ministry of Finance 23-December-2015 16:54 IST Draft Guiding Principles for Determination of Place of Effective Management (Poem) of a Company Formulated. The Finance Act, 2015 has amended, with effect from 01.04.2016, the provisions of Income-tax Act relating to determination of residence of a company. In accordance with the amended… Read More

Income-tax 21st Amendment Rules, 2015

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 16th December, 2015 INCOME-TAX G.S.R. 978(E).— In exercise of the powers conferred by sub-section (6) of section 195 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby… Read More

Amendment of Rules regarding quoting of PAN for specified transactions

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 15th December, 2015 Subject: Amendment of Rules regarding quoting of PAN for specified transactions The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of… Read More

Allowability of employer’s contribution to funds for the welfare of employees in terms of section 43B(b) of the Income Tax Act

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Income Tax Circular No. 22/2015 New Delhi, Dated- 17th December. 2015 Subject:- Allowability of employer’s contribution to funds for the welfare of employees in terms of section 43B(b) of the Income Tax Act. As per section 43B of the Act certain… Read More

Initiatives for reducing litigation

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 15th December, 2015 Subject: Initiatives for reducing litigation The Central Board of Direct Taxes has issued a Circular revising the monetary limits for filing of appeals by the Department with the objective of reducing litigation as a… Read More

Amendment in Principal Notification No. 12/97-Customs(N.T.) dated 02.04.1997

Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) Notification No. 145/ 2015-Customs (N.T.) New Delhi, the 18th December, 2015 G.S.R. (E). In exercise of the powers conferred by clause (aa) of sub- section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central… Read More

Rate of exchange of conversion of the foreign currency with effect from 18th December, 2015

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) Notification No. 144/2015 - Customs (N.T.) Dated the 17th December, 2015 In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Central Board of… Read More

Amendment of Central Excise Rules, 2002

Note.- The principal rules were published in the Gazette of India vide notification number 04/2002- Central Excise (N.T.), dated the 1st March, 2002 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 143(E) , dated the 1st March, 2002 and last amended by notification number 08/2015-Central Excise(NT), dated… Read More