For implementation of FATCA and CRS in India, necessary legislative changes have been carried out in the Income-tax Act, 1961 and the Income-tax Rules, 1962 so as to collect and provide relevant information to the foreign tax authorities.
Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 78/2016-CUSTOMS (N. T.) New Delhi, 31st May, 2016 10 Jyaistha, 1938 (SAKA) S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board […]
These rules may be called the Indirect Tax Dispute Resolution Scheme Rules, 2016. They shall come into force on the 1st day of June, 2016.(1) The declaration under sub section (1) of section 214 of the Scheme shall be made in Form 1 in respect of the amount payable under the Scheme.
