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Procedure to claim Duty Credit Scrips if LEO date is upto 31.03.2015 but export is on or after 01.04.2015

December 29, 2016 1153 Views 0 comment Print

Procedure for claiming Chapter 3 benefits of FTP 2009-14 for exports were LEO date is upto 31.03.2015 but date of export is on or after 01.04.2015 is notified.

Redress grievances on CPGRAMS Portal within 30 days: CBDT

December 29, 2016 18493 Views 0 comment Print

One of major reasons for delay in grievance redressal is failure to identify competent officer to redress grievance and lack of knowledge of recent circulars/instructions

Report on Financial Data Management Legal Framework in India

December 29, 2016 862 Views 0 comment Print

Finance Minster in Budget Speech 2016-17, had announced A Financial Data Management Centre under aegis of Financial Stability Development Council (FSDC) will be set up to facilitate integrated data aggregation and analysis in the financial sector

Deceleration under Direct Tax Dispute Resolution Scheme can be filed till 31.01.2017

December 29, 2016 2032 Views 0 comment Print

Deceleration under Direct Tax Dispute Resolution Scheme can be filed till 31.01.2017 instead of earlier time allowed till 31.12.2016.

CBI Arrests ITO For Accepting Bribe of Rs. 30,000/-

December 29, 2016 6697 Views 0 comment Print

Central Bureau of Investigation has arrested an Income Tax Officer, Visakhapatnam for demanding & accepting a bribe of Rs. 30,000/- from complainant.

Fresh guidelines on Sexual Harassment of Women at Workplace

December 28, 2016 4747 Views 0 comment Print

Fresh guidelines on Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 issued by DoPT

Norms for Income Recognition and NPA Classification Further relaxed

December 28, 2016 2260 Views 0 comment Print

Permit all REs to defer the down grade of an account that was standard as on November 1, 2016, but would have become NPA for any reason during the period November 1, 2016 to December 31, 2016, by 90 days from the date of such downgrade in the following categories of accounts:

Government invites comments on Report of Financial Redressal Agency

December 28, 2016 1171 Views 1 comment Print

Government invites comments of stakeholders and public on the Report of the Financial Redressal Agency by 31st January 2017.

CBDT amend rules to Tax Undisclosed Foreign Income and Assets

December 28, 2016 10570 Views 0 comment Print

These rules may be called the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax (Amendment) Rules, 2016.

IDS 2016- How to validate Form 3 and Form 4

December 28, 2016 35611 Views 4 comments Print

The below instructions are issued with respect to the validations and checks available in e-Filing portal for Form 3 and Form 4 (IDS, 2016).

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