Income Tax News
At 7.6% GDP growth India is the fastest growing large economy
01 June 2016 at 10:33India continues to remain a bright spot in world economy with robust macro-economic and fiscal parameters; Together with GDP growth of 7.9% in Q 4 of 2015-16 and 7.6% in the whole of 2015-16 The Provisional Accounts for 2015-16 have been released by
Equalisation levy of 6 percent will come into force from 1st June
31 May 2016 at 10:46S.O. 1905(E) � In exercise of the powers conferred by sub-section (1) and sub-section (2) of section 179 of the Finance Act, 2016 (28 of 2016), the Central Government hereby makes the following rules for carrying out the provisions of Chapter V
CBDT- E-filing of appeals extension of time limit
28 May 2016 at 11:11CBDT - E-filing of appeals Extension of time limit PFA the enclosed attachment to view in PDF form
Relaxation for furnishing of UID in case of Form 15G/15H for certain quarters
26 May 2016 at 10:26
Manner of determination of fair market value
24 May 2016 at 10:48F No 142/26/2015-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes*******New Delhi, Dated 23rd May, 2016Subject: Manner of determination of fair market value and reporting requirement for Indian concern-Indir
Digital reporting of Form No.60
23 May 2016 at 11:18Circular No. 14 /2016F.No.370149/68/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 18th May, 2016Subject: Digital reporting of Form No.60-reg.1. Vide Notification No.95, dated 30th December,
FAQ on the Income Declaration Scheme, 2016
23 May 2016 at 11:18Circular No.17 of 2016F.No.142/8/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)***Dated 20th of May, 2016Clarifications on the Income Declaration Scheme, 2016The Income Declaration Schem
Indirect tax collection grows by 41.8 percent in April 2016
12 May 2016 at 10:26Indirect Tax Collections During the month of April 2016 is Rs. 64,394 Crore which is an increase of 41.8% as compared to the collections made in the corresponding Period Last Year (April 2015): Excise Collections Register A Growth of 70.7% while Serv
Non filing of ITRV for earlier years
11 May 2016 at 11:19Circular No. 13/2016 : Verification of tax-returns for Assessment Years 2009-2010, 2010-2011, 2011-2012, 2012-2013, 2013-2014 and 2014-2015 through EVC which are pending due to non-filing of ITR-V Form and processing of such retruns To download th
India revises treaty with Mauritius to tax capital gains
11 May 2016 at 11:19India and Mauritius sign the Protocol for amendment of the Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income and Capital Gains The Protocol for amendment of the Convention for the av
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