Brexit-UK Prime Minister David Cameron’s Statement on referendum at Prime Minister’s Office, 10 Downing Street on 24-06-2016

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Brexit-UK Prime Minister David Cameron’s Statement on referendum at Prime Minister’s Office, 10 Downing Street on 24-06-2016 The country has just taken part in a giant democratic exercise – perhaps the biggest in our history. Over 33 million people – from England, Scotland, Wales, Northern Ireland and Gibraltar – have all had their say. We should […]

Facility to upload return u/s 119(2)(b) 92CD enabled for time barred delayed claim of exemption deduction or relief and modified return of income under APA

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Facility to upload return u/s 119(2)(b) 92CD enabled for time barred delayed claim of exemption deduction or relief and modified return of income under APA Section 119 of the Income Tax Act, 1961 related to Instructions to subordinate authorities provides measures for the purose of efficient management of the Revenue and give relief from undue […]

Increase in All Industry Rates (AIR) of Duty Drawback on gold jewellery and silver jewellery/articles-Custom Circular 30/2016

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Increase in All Industry Rates (AIR) of Duty Drawback on gold/silver jewellery articles Circular No.30/2016-Customs F. No. 609/35/2016-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi, dated 24th June, 2016 To Principal Chief Commissioners / Principal Directors General Chief Commissioners / Directors General Principal Commissioners & […]

TCS us 206C1D applicable on cash component of payment only. In case of part payment in cash and part in cheque Threshold Limit apply on cash part only

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TCS us 206C1D applicable on cash component of payment only Circular No. 23/2016 F. No.370142/17 /2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) New Delhi, dated the 24th June, 2016 Subject: Amendment in Section 206C of the Income-tax Act vide Finance Act 2016 – Clarifications  regarding. In order […]

Finance Minister Statement-Brexit United Kingdom Referendum. We are well prepared to deal with the short and medium term consequences of Brexit

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Government of India Ministry of Finance Press Release dated 24-06-2016 Text of the Statement by the Union Finance Minister Shri Arun Jaitley on the United Kingdom Referendum; FM: We are well prepared to deal with the short and medium term consequences of Brexit;. Our macro-economic fundamentals are sound with a very comfortable external position, a […]

Action Taken on observations/Recommendations of PAC on Non-compliance in timely submission of Action Taken Notes on the Non-Selected Audit Paragraphs

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No. 12(7)/E.Coord/2016 Government of India Ministry of Finance Department of Expenditure **** North Block Delhi Dated: 22nd June, 2016. OFFICE MEMORANDUM Subject: Action Taken on the observations/Recommendations of the Public Accounts Committee contained in their Forty Second Report (16th Lok Sabha) on “Non-compliance by the Ministries/Departments in timely submission of Action  Taken Notes on the […]

RBI Governor Live on Media on Brexit – June 24, 2016. CNBC TV 18, ET Now. We are looking at market and ready to intervene if they become disorderly

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RBI Governor Live on Media on Brexit – June 24, 2016 RBI Governor’s comments on Brexit to ET Now: June 24, 2016 I am not sure there has been a “dramatic correction” in the Rupee. Rupee over time has depreciated  probably in consonance with the interest rate or inflation differentials within India and rest of […]

GAAR Chapter XA Provisions to apply from 01042017 for tax benefits obtained irrespective of date of arrangement. CBDT Notification 49/2016

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MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 49/2016-Income Tax New Delhi, the 22nd June, 2016 S.O. 2179(E).-In exercise of the powers conferred by section 101, 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 […]

Startups Facilitators Patents Trade Marks Enrolment Date extended to 10/07/2016. individuals and institutions may refer to SIPP Scheme details and apply

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Government of India Office of The Controller General  Patents, Designs & Trade Marks CG/F/Start-up/Facilitators/2016 /175                                                                                   […]

Service Tax Exemption-Goods transportation by vessel from outside India upto customs station for which invoice issued up to 31-05-2016

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Service Tax Exemption-Goods transportation by vessel from outside India 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 powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994), the Central Government, being satisfied […]
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