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CBI ARRESTS AN INCOME TAX OFFICER IN A BRIBERY CASE
Income Tax

CBI ARRESTS AN INCOME TAX OFFICER IN A BRIBERY CASE

October 6, 2016 NewsTaxIndia0 comments825 views
CBI ARRESTS AN INCOME TAX OFFICER AND INSPECTOR OF INCOME TAX IN A BRIBERY CASE   Source Document: http://cbi.nic.in/pressreleases/pr_2016-10-04-1.php   Press Release New Delhi, 04.10.2016 The Central Bureau of Investigation has arrested an Income Tax Officer for accepting a bribe of Rs.Three Lakh and an … Continue Reading →
Guidelines for Prosecution for offences under Customs Law
Customs

Guidelines for Prosecution for offences under Customs Law

October 4, 2016 NewsTaxIndia0 comments2017 views
Guidelines for Launching of Prosecution for offences under Customs Law CBEC  vide Circular No. 46/2016-Customs, Dated: October 04, 2016 has amended Para 6 of the Board’s Circular No. 27/2015-Customs dated 23.10.2015 to include Gold among items in relation to which prosecution may preferably be launched immediately after … Continue Reading →
CBDT Committed to Strict Confidentiality Under Income Declaration Scheme 2016
Income Tax

CBDT Committed to Strict Confidentiality Under Income Declaration Scheme 2016

October 4, 2016 NewsTaxIndia0 comments666 views
CBDT Press Release Dated 3rd October, 2016 Sub: CBDT committed to Strict Confidentiality under Income Declaration Scheme 2016 -reg While announcing the results of the Income Declaration Scheme 2016 on 1st October, 2016 at a press conference in Delhi, the Honourable Finance Minister Shri Arun … Continue Reading →
Income Computation and Disclosure Standards for PGBP and Other Source Income
Income Tax

Income Computation and Disclosure Standards for PGBP and Other Source Income

October 3, 2016 NewsTaxIndia0 comments854 views
The income computation and disclosure standards to be followed by all assessees (Except individual and HUF not covered u/s 44AB) who opt the mercantile system of accounting, for the purposes of computation of income chargeable to income-tax under the head “Profits and gains of business … Continue Reading →
Income Computation and Disclosure Standards for PGBP and Other Source Income
Income Tax

Income Computation and Disclosure Standards for PGBP and Other Source Income

October 3, 2016 NewsTaxIndia0 comments1052 views
The income computation and disclosure standards to be followed by all assessees (Except individual and HUF not covered u/s 44AB) who opt the mercantile system of accounting, for the purposes of computation of income chargeable to income-tax under the head “Profits and gains of business … Continue Reading →
Clarification on Simultaneous issuance of Dual Benefit of Zero duty EPCG and SHIS
Customs

Clarification on Simultaneous issuance of Dual Benefit of Zero duty EPCG and SHIS

October 3, 2016 NewsTaxIndia0 comments931 views
Clarification on Simultaneous issuance of Dual Benefit of Zero duty EPCG and SHIS  to exporters under the FTP 2009-14 – option providing flexibility to return either benefit. CBEC Circular NO 45/2016-Customs, Dated: September 23, 2016 Subject: Incorrect simultaneous issuance of dual benefit of Zero duty … Continue Reading →
Income Declaration Scheme 2016 unearths Rs.65250 Crore Income
Income Tax

Income Declaration Scheme 2016 unearths Rs.65250 Crore Income

October 2, 2016 NewsTaxIndia0 comments740 views
Income Declaration Scheme 2016 unearths Rs.65250 crore of hitherto Undeclared Income and Assets; 64275 declarations filed under IDS-2016 up to the midnight of 30th September, 2016 The Income Declaration Scheme, 2016 came into effect from 1st  June, 2016.  It provided an opportunity to persons who … Continue Reading →
CBEC Guidelines for Arrest in Service Tax and Central Excise
Service Tax

CBEC Guidelines for Arrest in Service Tax and Central Excise

October 1, 2016 NewsTaxIndia0 comments1862 views
CBEC Guidelines for Arrest in Relation to the Offences Punishable in Relation to Offences Punishable under the Finance Act, 1994 and Central Excise Act, 1944 As a consequence of these amendments, the power of arrest in Service Tax is available only if a person … Continue Reading →
No Service Tax on Transportation Services to Schools during April 2013 to July 2014
Service Tax

No Service Tax on Transportation Services to Schools during April 2013 to July 2014

October 1, 2016 NewsTaxIndia0 comments780 views
  No Service Tax on Transportation Services to Schools during April 2013 to July 2014: CBEC Notification No 45/2016-Service Tax, dated September 30, 2016  Whereas, the Central Government is satisfied that in the period commencing on and from the first day of April, 2013 and ending … Continue Reading →
Finance Ministry Reiterated Target Date of GST implement as 01-04-2017
Uncategorized

Finance Ministry Reiterated Target Date of GST implement as 01-04-2017

September 30, 2016 NewsTaxIndia0 comments682 views
FM: Government is working on a target date of 1st April, 2017 for the roll out of the Goods and Service Tax (GST) in the country. The Union Finance Minister Shri Arun Jaitley said that the Government is working on a target date of 1st … Continue Reading →

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