F.No.225/246/2014/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi the 10th September, 2015 OFFICE MEMORANDUM Subject:- Committee to study the feasibility of the recommendations regarding group assessment and system of peer review before assessment – regarding. Board has constituted a Committee for examining feasibility of recommendations of […]
Board has constituted a Committee to examine the feasibility of implementing ‘Industry Based Jurisdiction’ in a phased manner instead of the prevailing ‘Territorial Jurisdiction’ as recommended by the Tax Administration Reform Commission (‘TARC’).
In terms of the provisions contained in paragraph 5.1 of the Department of Expenditure Office Memorandum No. 7 (3) E-Coord /2006 dated 22.07.2006, call charges for select number of mobile phones (1857) to officers of the Customs & Central Excise Department was being reimbursed under the scheme of 1 % incremental revenue as incentive provision in view of the requirement of connectivity of field officers with the senior officers at headquarters till the F.Y. 2011-12.
F.No. 285/90/2013 IT(Inv.V) Guidelines for Compounding of Offences under Income Tax Act, 1961/Wealth tax Act, 1957 in cases of persons holding undisclosed foreign bank accounts/assets
In view of CBDT order F.No.225/154/2015/ITA-II dated 2.9.2015 issued under section 119 of the Income-tax Act, extending the due date for e-filing returns of income from 31st August, 2015 to 7th September, 2015 in respect of all taxpayers who were required to e-file their returns of income by 31st August, 2015, the ‘due date’ for filing return of wealth by such assessees for assessment year 2015-16 also stands extended from 31st August 2015 to 7th September 2015.
Instruction No. 9/2015 Following the Acceptance of the Recommendation of the Justice A.P.Shah Committee by the Government, CBDT Advises its Field Authorities to keep in Abeyance, for the Time being, the Pending Assessment Proceedings in Cases of FIIS/FPIS Involving the Applicability of Minimum Alternate Tax (MAT) on FIIS/FPIS for the Period Prior to 01.04.2015;
Kind attention is invited to Rule 3(1)(a) of the Cigarettes and Other Tobacco Products (Packaging and Labelling) Rules, 2008 which stipulates that every package of cigarettes and other tobacco products produced/ manufactured/ imported after 315′ May, 2009 shall carry Specified Health Warning in the manner as prescribed in the said Rules.
Compulsory manual selection of cases for scrutiny during the Financial Year 2015-2016- (a) Cases involving addition in an earlier assessment year in excess of Rs. 10 lakhs on a substantial and recurring question of law or fact which is either confirmed in appeal or is pending before an appellate authority. Instruction No. 08/2015
Instruction No. 07/2015 In supercession of the guidelines for Grant of Reward to Informants, 2007, I am directed to say that the following guidelines will regulate the grant of reward to informants leading to recovery of taxes of tax defaulters whose names have been published in the public domain under section 287 of the Income-tax Act, 1961.
F.No.137/46/2015-Service Tax Clarification regarding the provisions of Section 73, 76 and 78 of the Finance Act, 1994 and Section 11AC of the Central Excise Act, 1944 after amendments made vide Finance Act. 2015
