Notifications/Circulars

Sec. 115TD(2) Valuation Method -Accreted Income of Certain Trusts

Notification No. 32/2017-Income Tax (21/04/2017)

For the purpose of sub-section (2) of section 115TD of the Act, the aggregate fair market value of the total assets of the trust or institution, shall be the aggregate of the fair market value of all the assets in the balance sheet as reduced by-...

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Distribution of GST Provisional Id & Access Token of Phase 4 dealers Started

Trade Circular No. 12 T of 2017 (25/04/2017)

Provisional Ids and Access Token of Phase 4 dealers, are now made available by GSTN. Dealer can obtain their Provisional Ids from department's portal www.mahavat.gov.in, using their login credentials. The list of all such dealers is published under "What's New" Section on MSTD's portal....

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Treatment of Lease rent from letting of buildings/developed space

Circular No. 16/2017-Income Tax (25/04/2017)

Lease rent from letting out buildings/developed space along with other amenities in an Industrial Park/SEZ— to be treated as business income....

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DGFT amends Table A of Schedule 2 & Appendix 3 of ITC(HS)

Notification No. 05/2015-2020-DGFT (24/04/2017)

In exercise of the powers conferred by Section 5 and Section 14A of the Foreign Trade (Development & Regulation) Act, 1992 (No.22 of 1992) read with Para 1.02 of the Foreign Trade Policy, 2015-2020, as amended, and in supersession of DGFT Notification No.38 (RE-2010) /2009-2014 dated 31st March, 2011, Notification no. 93(RE-2012)/2009-14 ...

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Export Authorisation /Certificate / Permission for non-SCOMET Items

Public Notice No. 4/2015-20-DGFT (24/04/2017)

The provision for regulating export of non-SCOMET items having potential risk of use in or diversion to WMD/missile/military end use has been prescribed. Provision for Maintenance of Records has been prescribed. Amendments have been made in para 2.74 and para 2.81 for adherence to various Multilateral Export Control Regimes and to clarify...

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Aayakar Seva Kendras (ASK) be made as a Transaction Centre

F.No. ADG(TPS-1)/ASKs/Transaction Centre/2017- 18/147 (25/04/2017)

Telefax 011- 23411131, 011- 23411129 Fax 011- 23411780 DIRECTORATE OF INCOME-TAX (TPS-I) Ministry of Finance, Department of Revenue 5th Floor, Mayur Bhawan, Connaught Circus New Delhi-110001 E-mail : delhi.adg,tpsl@incometax.gov.in F.No. ADG(TPS-1)/ASKs/Transaction Centre/2017- 18/147 Dated: 25.04.2017 To Pr. DGIT (Systems). All Pr. CCsI...

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Timely and proper redressal of public grievances: CBDT

DO No. Dir.(Hqrs.)/Ch.(DT)/39(2)/2015 (24/04/2017)

Time and again it has been impressed upon all the Pr. Chief Commissioners, Chief Commissioners and their subordinate officers to attend to these grievances on priority. It was also conveyed that the senior officers shall personally monitor specified number of grievances and shall ensure that the grievances in their Region/Charge are resol...

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Annual General Transfer in the grade of Addl./JCIT – reg.

Order No. 56 of 2017 The following postings / transfers in the grade of Additional/ Joint Commissioner of Income Tax are hereby, ordered with immediate effect and until further orders:-...

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Annual General Transfer in the grade of AC/DCIT – reg.

Order No. 55 of 2017 (24/04/2017)

Order No. 55 of 2017 The following postings / transfers in the grade of Assistant / Deputy Commissioner of Income Tax are hereby, ordered with immediate effect and until further orders:-...

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Prescribe generic drugs or face disciplinary action: MCI to Doctors

Circular No. MCI-211(2)(Gen.)/2017-Ethics/104728 (21/04/2017)

Every physician should prescribe drugs with generic names legibly and preferably in capital letters and he/she shall ensure that there is a rational prescription and use of drugs....

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