Tag: Press Release

Indirect Transfer provision-possible multiple taxation of the same income. Circular 41/2016 kept in abeyance-CBDT

Indirect Transfer provision-possible multiple taxation of the same income. Circular 41/2016 kept in abeyance considering representations-CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 17th January, 2017 PRESS RELEASE Clarification on Indirect Transfer provision under the Income Tax Act, 1961 …

Demonetization-historic decisions have temporary pain attached to them. Difficult decisions initially pass through difficult phases as Finance Minister

Demonetization-historic decisions have temporary pain attached to them-Finance Minister Ministry of Finance Press Release Dated 11/01/2017 On demonetization, Finance Minister Shri Arun Jaitley says that difficult decisions initially pass through difficult phases as historic decisions have temporary pain attached to them. Stressing the implementation of GST, FM says …

India Uruguay agreement for Cooperation-mutual assistance in customs matters approved. It will help in prevention and investigation of Customs offences

India Uruguay agreement for Cooperation-mutual assistance in customs matters Ministry of Finance Dated: 04th January, 2017 Press Release Cabinet approves Agreement between India and Uruguay regarding Cooperation and Mutual Assistance in Customs Matters The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has approved signing and …

Restaurants billing service charges optional to pay by consumers who have discretion to pay such service charge or not-Press Release

Restaurants billing service charges optional to pay by consumers who have discretion to pay such service charge or not-Press Release Restaurants billing ‘service charges’ in addition to taxes is optional: Department of Consumer Affairs Consumer has discretion to pay ‘service charge’ or not: Department of Consumer Affairs A …

India Singapore Sign 3rd Protocol amending DTAA for source based taxation of share capital gains and transfer pricing cases-CBDT

India Singapore Sign 3rd Protocol amending DTAA for  source based taxation of share capital gains and to facilitate relieving of economic double taxation in transfer pricing cases-CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 30th December, 2016. Press Release …

Specified Bank Notes Cessation of Liabilities Ordinance 2016 passed. Penalty of higher of Rs. 10000 or five times for dealing in old notes (SBNs)

Specified Bank Notes Cessation of Liabilities Ordinance 2016 passed. Penalty of higher of Rs. 10000 or five times for dealing in old notes (SBNs)  Ministry of Finance Dated: 31/12/2016 Press Release The President of India approves the Promulgation of the Specified Bank Notes (Cessation of Liabilities) Ordinance, 2016 …