Press Information Bureau Government of India Ministry of Commerce & Industry 28-October-2016 10:22 IST GSTN signs MoU with DGFT for sharing of foreign exchange realisation data The Goods and Services Network(GSTN) has signed a Memorandum of Understanding (MoU) with Director General of Foreign Trade (DGFT) for sharing of foreign exchange realisation and Import Export code […]
The rules and all the provisions of the BTP Amendment Act shall come into force on 1st November, 2016. After coming into effect of the BTP Amendment Act, the existing Benami Transactions (Prohibition) Act, 1988 shall be renamed as Prohibition of Benami Property Transactions Act, 1988 (PBPT Act).
CBDT signs 5 Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers covering a range of international transactions, including sale of finished goods, purchase of raw materials, software development services, IT enabled services, exports and interest payment.
Group to look into the intricacies involved in areas wherein changes need to be made and amendments to the Chartered Accountants Act, 1949 pertinent to Disciplinary Mechanism and the Rules framed there under
We are pleased to announce release of our book (2nd Edition) on Goods and Services Tax, titled, GST LAW & ANALYSIS – WITH CONCEPTUAL PROCEDURES
CBDT has further released data relating to distribution of income and tax payable in respect of returns filed for Assessment Years 2013-14 and 2014-15.
The existing DTAA provided for residence based taxation of capital gains on shares. In line with India’s policy of taxation of capital gains on shares, the revised DTAA provides for source based taxation of capital gains arising from alienation of shares comprising more than 5% of share capital.
National Economic Advisory Committee of ICAI has selected following topics for the research: 1. Improving Revenue (Non-Tax) GDP Ratio at Municipal, State and National level; 2. Improving Tax GDP Ratio at Municipal, State and National level;
We wish to submit that we are receiving requests from professionals for extension of last date for filing of annual forms due to the following reasons: • Last date for Income Tax extended to October 17, 2016
Finance Minister Shri Arun Jaitley, had personally handed over certificates to a few individuals at North Block to commence the program of taxpayer appreciation on 19th September, 2016. The Central Board of Direct Taxes has sent out such certificates of appreciation to 8.43 Lakh individual tax payers by e-mail in the following categories on the basis of the taxes paid by them for the Assessment Year 2016-17 :
