Notification & Circulars

Seeks to exempt service tax on taxable services by way of transportation of goods by a vessel from outside India upto customs station in India with respect to which the invoice for the service

Notification No#36/2016-Service Tax 23 June 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) NOTIFICATION No. 36/2016-Service Tax New Delhi, the 23rd June, 2016 G.S.R. ---(E).- In exercise of the power..

Posted in Service Tax

Reporting Requirements under Basel III Capital Regulations- Review

Notification No#105/21.06.001/2015-16 23 June 2016

RBI/2015-16/428 DBR.BP.BC.No.105/21.06.001/2015-16 June 23, 2016 All Commercial Banks (Excluding Local Area Banks and Regional Rural Banks) Dear Sir, Reporting Requirements under Basel III Capital Regulations- Review Please refer to the Annexures 3 and 4 of the&n..

Posted in Others

Income-tax (16th Amendment) Rules, 2016

Notification No#49/2016 22 June 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 22nd June, 2016 INCOME-TAX S.O. 2179(E).-..

Posted in Income Tax

Seeks to further amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia C

Notification No#40/ 2016-Customs 21 June 2016

Seeks to further amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f.30.06.2016 ..

Posted in Custom

Threshold Limit of tax audit under section 44AB and section 44AD – clarification regarding

Notification No#20.6.16 20 June 2016

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 20th June, 2016 Sub: Threshold Limit of tax audit under section 44AB and section 44AD – clarification regarding Section 44AB of the Income-tax ..

Posted in Income Tax | 3 comments

Income–tax (15th Amendment) Rules, 2016

Notification No#48/2016 20 June 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 20th June, 2016 S.O. 2151(E).-In exercise of th..

Posted in Income Tax

Notification No. 47/2016 [F. No. 275/53/2012 – IT(B)]

Notification No#47/2016 17 June 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] MINISTRY OF FINANCE (DEPARTMNET OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th June, 2016 No. 47/2016 INCOME TAX S.O. (E).- In exerci..

Posted in Income Tax

Notification No.46/2016 [F.No. 275/16/2016-IT(B)]

Notification No#46 /2016 17 June 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] MINSTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th June, 2016 No.46 /2016 INCOME-TAX S.O. (E).-In exer..

Posted in Income Tax

Rate of exchange of conversion of the foreign currency with effect from 17th June, 2016

Notification No# 87/2016 - Customs (N.T.) 16 June 2016

Rate of exchange of conversion of the foreign currency with effect from 17th June, 2016 Please refer to the attached file for details ..

Posted in Custom

Seeks to further amend notification No. 27/2011-Customs, dated 01.03.2011 so as to impose export duty of 20% on raw sugar, white or refined sugar

Notification No#37 /2016-Customs 16 June 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) Notification No. 37 /2016-Customs New Delhi, the 16th June, 2016 G.S. R. (E).—In exercise of the power..

Posted in Custom