Clauses 209 to 215 of the Finance Bill, 2016 seeks to insert new Chapter XI to provide for the Indirect Tax Dispute Resolution Scheme, 2016. The said Scheme provides for settlement of the disputes pending before the Commissioner (Appeal) as on the 1st March, 2016, on payment of tax dues along with interest and twenty-five […]
An Act to provide for the establishment of a national standards body for the harmonious development of the activities of standardisation, conformity assessment and quality assurance of goods, articles, processes, systems and services and for matters connected therewith or incidental thereto.
(i) 19496 cases pending adjudication beyond one year, as on 1st January, 2016, in Customs, Central Excise & Service Tax, whereas adjudication should not be perang for more than 1 year. (ii) 58991 cases are pending in Call Book, in Customs, Central Excise & Service Tax.
The functionality for viewing such cases which are selected by AO under Manual Scrutiny on the basis of suggestions by CPC for A.Y. 2013-14 and for which order under section 143(3) of the Act has still not been passed, has been enabled in the ITD system and can be accessed by entering the following path in ITD System:
Section 194IA of the IT Act relates to TDS on Sale of property. Form 26QB is an online statement-cum-challan to be filled and submitted by the buyer of the property for making TDS payment on sale of property. It contains details of buyer, seller, property being sold, sale consideration, tax deposit details etc.
First of the idea of IND-AS emerges from the adoption of IFRS as issued by the International Accounting Standard Board First of all in 2002 European parliament has passed a regulation ideas requiring the adoption of IFRS by all EU listed companies.
The central excise authorities will not challenge the valuation given in the invoice provided the caratage / purity and weight of the gold/silver with precious stones; and carats of diamond/precious stones are mentioned on the invoice; No arrest or criminal prosecution of any jeweler will be done;
The Committee on taxation of E-Commerce examined the tax issues arising from the new business models employed in the digital economy, in particular issues relating to tax nexus rules under existing law and tax treaties, characterization of payments made for services and facilities provided primarily through digital means and issues related to valuation of data and user contribution in profits of digital enterprises.
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN,I.P. ESTATE,NEW DELHI-110002 NO.F.3(645)/POLICY/VAT/2016/1739-44 DATED: 21/03/2016 CIRCULAR NO. 43 of 2015-16 Sub: Sealing and de-sealing of the premises In supersession to earlier Circular No. 41, 2015-16 issued vide No.F.3(645)/POLICY/VAT/2016 /1688-93/ dated 16-03-2016 regarding sealing and de-sealing of the […]
Extra Questions attempted in CA Examinations – (21-03-2016) 15th March 2016. It is seen that in CA examinations, sometimes, candidates answer more questions or sub parts of a question, than are required in terms of the instructions given in the question paper. In this connection, it is hereby informed that candidates are required to answer […]
