Taxation - Corporate Law Reporter

CBEC introduces e–way Bill System on trial basis from 16th January 2018

Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs Tel.: +91-11-23092849, Fax: +91-11-23092890 Email: chmn-cbec@nic.in DO.No.02/CH(EC)/2018 … Read More

Order under section 119 of the Income-tax Act, 1961

Circular No. 01/2018 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 10th of January, 2018 Order under section 119 of the Income-tax Act, 1961 Subject: Processing of income-tax returns under section 143(1) of the Income-tax Act which were filed in Forms ITR-1 to 6 &… Read More

Relaxation on levy of MAT for companies against whom an application for corporate insolvency resolution is admitted

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 6th January, 2018 PRESS RELEASE Relaxation in the provisions relating to levy of Minimum Alternate Tax (MAT) in case of companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code,… Read More

Govt. amends not.50/2017 to exclude petroleum coke from the purview of concessional 5% BCD

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 5th January, 2018 No. 02 / 2018-Customs (N.T.) G.S.R. 13(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 Board of Excise and Customs,… Read More

India -Brazil protocol on avoidance of double taxation amended w.e.f. 6 August 2017

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 4th January, 2018 (INCOME TAX) S.O. 93(E).—Whereas, the Protocol, amending the Convention and the Protocol between the Government of the Republic of India and the Government of the Federative Republic of Brazil for the avoidance of double taxation and the prevention of fiscal evasion with… Read More

Govt. amends the effective rate of customs duty in NOT. No. 82/2017-Customs

[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 01/2018-Customs New Delhi, the 5 th January, 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52… Read More

Exchange Rates Notification No.1/2018-Custom(NT) dated 4.1.2018

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) ***** Notification No.1/2018 - Customs (N.T.) New Delhi, dated the 4th January, 2018 14 Pausha 1939 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification… Read More

CBEC excludes petroleum coke from the purview of concessional 5% Basic Customs Duty (BCD)

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 05th January, 2018 No. 02/2018-Customs G.S.R. 15(E).—In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of section 3 of Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied… Read More

Govt. notifies notification No. 119 /2017- Customs (N.T.)

[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) (CENTRAL BOARD OF EXCISE AND CUSTOMS) NOTIFICATION New Delhi, the 28th December, 2017 No. 119 /2017- Customs (N.T.) G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 4… Read More

Govt. establishes SEEPZ Special Economic Zone Authority

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd December, 2017 S.O. 4010(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 SEEPZ Special Economic… Read More

Govt. establishes Himachal Pradesh Computerization of Police Society

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd December, 2017 S.O. 4011(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 ‘Himachal Pradesh Computerization… Read More

CBEC relaxes requirement for mandatory e-sealing till 1st March 2017

Circular No. 5V 2017 -Customs F.No:450/08/2015-Cus.IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise and Customs) Room No. 227-B, North Block , New Delhi , 21st December ,2017 To, All Principal Chief Commissioners of Customs /Customs(Prev.). All Chief Commissioners of Customs / Customs (Prev.). All Principal Commissioners of Customs/Customs (Prev.).… Read More

CBDT issues Income –tax (25th Amendment) Rules, 2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th December, 2017 G.S.R. 1527(E).—In exercise of the powers conferred by section 282 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the… Read More