"04 April 2016" Archive

Govt committed to detect and prevent generation of black money

In response to information received in 2011 from Government of France, relating to the bank accounts of 628 Indian persons in HSBC, Switzerland, a lot of progress has been made in the investigation by the Department. Out of the list, 569 persons have been traced. However, in the information received, details of HSBC amount were shown agai...

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Posted Under: Income Tax |

Dual factor authorization to secure Income Tax E-filing account

In order to ensure that taxpayers are able to secure their E-filing account against any fraudulent attempts, the Income Tax Department has introduced a new facility called the E-filing Vault. In order to use this facility, taxpayers can log in to their E-filing Account and under their profile page select E-filing Vault – higher security...

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Posted Under: Income Tax |

Record setting year for taxpayer services, issue of refunds by CBDT

The Central Board Direct Taxes achieved significant success in delivery of taxpayer services in Financial Year 2015-16, a record setting year in delivery of taxpayer services. The Centralized Processing Centre (CPC) at Bengaluru processed more than 4.14 Crore Income Tax returns, an increase of over 35% over the previous year. The CPC also...

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Posted Under: Income Tax |

CBDT enable e filing of Form 15CA,15CB, 15CC, 35 & ITRs 1 & 4S

CBDT has made following announcement on its e-filing Portal today one after another and made the New Forms 15CA,15 CB, 15CC and newly Notified Form 35 [FOR appeal with CIT(A)] available for e-filing....

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Posted Under: Income Tax | ,

Weekly Open House in terms of DGFT Trade Notice 22/2015 dt 31-3-2016

Trade Notice No. 2/2016 (04/04/2016)

Government of India Ministry of Commerce & Industry Department of Commerce Office of the Additional Director General of Foreign Trade 26, Haddows Road, 4th & 5th Floor, Shastri Bhavan Annexe, Chennai – 600006 Trade Notice 2/2016 Dated: 4.4.2016 Subject : Weekly Open House in terms of DGFT Trade Notice 22/2015 dt 31-3-2016 In ter...

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Impact on Delhi Value Added Tax of Delhi State Budget 2016

The Annual Budget of Delhi Govt. was presented on 28th day of March 2016 by Finance Minister Manish Sisodia. The budgeted expenditure for the FY 2016-17 is estimated to be 46600 crore and receipts would be 41772 crore. This budget for GNCTD is a statement of tax collected from hard earned money of the people of Delhi and its honest utiliz...

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Posted Under: Income Tax |

Identity of examiners cannot be disclosed to examinees: SC

Kerala Public Service Commission & Ors. Vs The State Information Commission & Anr. (Supreme Court of India)

Hon'ble SC held that disclosure of checked answer sheets , basis for interview marks is an information which public authority do not holds in fiduciary capacity , hence can be disclosed to information seeker....

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Revised Procedure for registration & submission of report of reporting financial institution

Notification No 4/2016-Income Tax (04/04/2016)

Submission of Form 61B: Every reporting financial institution is required to submit the Statement of Reportable Account in Form 61B or submit Nil statement. The prescribed schema for Form 61B and a utility to prepare XML file can be downloaded from thee-filing website home page under forms (other than ITR) tab. The designated director is ...

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Rate of exchange of South African Rand wef 05.04.2016

Notification No. 47/2016-Customs (N.T.) (04/04/2016)

In the SCHEDULE-I of the said Notification, for serial No.12 and the entries relating thereto, the following shall be substituted...

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New Email IDs for IEC applications & EDI related technical issues

Trade Notice No. 1/2016 (04/04/2016)

The following two official EMAIL IDs have been created for the applicants to directly address their queries and concerns exclusively on pending IEC applications and EDI related technical issues:...

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