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Time Barring Scrutiny cases pending to be uploaded on AST System

March 21, 2017 1113 Views 0 comment Print

Time limit for uploading of manually passed orders on the AST system was extended by 60 days i.e. upto 01.03.2017. Even now it is seen that a large number of cases where Notice u/s 143(2) has been issued but Scrutiny order is yet to be uploaded in the AST system.

Income Tax Business Application: Training Management Module

March 21, 2017 10113 Views 0 comment Print

Training Management Module is part of the ITBA HRMS Application. It is being designed to support the full range of training activities associated with employee and the administrators involved in the training process

Notification No. 05/2017-Income Tax, Dated: 21.03.2017

March 21, 2017 1842 Views 0 comment Print

Central Government, on the recommendation of the National Committee for Promotion of Social and Economic Welfare, hereby notifies the institutions approved by the said National Committee

Amendments in Chapter 4 of Foreign Trade Policy 2015-20

March 21, 2017 4260 Views 0 comment Print

No Duty Free Import Authorisation shall be issued for an input where SION prescribes ‘Actual User’ condition and/or Appendix-4J prescribes pre import condition for such an input.

List of cases selected for verification for Monitoring of DEEC / Advance

March 21, 2017 1239 Views 0 comment Print

EEC Monitoring Cell would select cases, on random basis, out of the cases, where verification is not prescribed by DGFT. In the month of March, 2017, the DEEC Mon Cell Cell has received 213 EODC’s.

Vessels sharing agreements of liner shipping out of CCI Purview-Reg.

March 21, 2017 699 Views 0 comment Print

Central Govt exempts Vessels Sharing Agreements of Liner Shipping Industry from provisions of section 3 of Competition Act, 2012 for a period of three months WEF 21.03.2017

CENVAT credit on deposits insurance – Banks v/s Departments

March 20, 2017 10758 Views 1 comment Print

Banks are registered under service tax in the category of Banking and Financial Services. They collect and pay service tax on its various incomes such as commissions, bank charges, documentation charges, processing fees etc. levied on its customers.

Direct and Indirect tax updates for 1st March to 15th March 2017

March 20, 2017 4551 Views 0 comment Print

Application for allotment of Permanent Account Number(PAN) will be filed in SPICe (INC-32) form using Digital Signature of the applicant as specified by the Ministry of Corporate Affairs. After generation of Corporate Identity Number (CIN). MCA will forward data in form 49A to prescribed Income Tax Authority through digital signature.

Committee on officials who are either absconding or on unauthorized leave

March 20, 2017 741 Views 0 comment Print

A Committee is being constituted to carry out a one time count of all the officers working in the Income tax organization and identify such of those Group A officers as are presently on unauthorized leave or are absconding. The Committee will comprise the following officers

Acquisition of Bharatiya Mahila Bank Limited Order, 2017

March 20, 2017 1026 Views 0 comment Print

State Bank of India with sanction of Central Government and in consultation with RBI, has entered into negotiations for acquiring Bharatiya Mahila Bank Limited

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