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Notifications/Circulars

Permission for trading in futures contracts & modification in contract specifications at exchange level

September 20, 2016 1180 Views 0 comment Print

a. Check-list of information/details to be submitted along with proposal for launch of new contract or/and for renewal of existing/earlier contracts b. Approval for futures contracts on continuous basis

Reg. inquiry proceedings under Rule 14 of CCS (CCA) Rules, 1965

September 19, 2016 7897 Views 0 comment Print

I am also directed to state that as per CVC guidelines, the inquiry proceedings under CCS (CCA) Rules, 1965 are to be completed in six months.The Member (P&V), CBDT has desired that in all the cases where a period of more than six months has passed since appointment of inquiry officer, further time of three months may be allowed for completion of inquiry proceedings.

Display board asking to contact CBI if bribe is demanded: CBDT

September 19, 2016 5971 Views 0 comment Print

File No. A-27023/21/2016-Ad.VI (A) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated:  19th September, 2016 OFFICE   MEMORANDUM Subject: Installation of Display Board asking people to contact CBI in case of any demand for bribe- reg. The undersigned is directed to circulate a d.o. letter dated dated 05.09.2016 from the […]

Relaxation in Import policy Granite Slabs wef 01.10.2016

September 17, 2016 2314 Views 0 comment Print

The import of items under the ITC(HS) Codes 68022310, 68022390, 68022900 and 68029300 related to granite slabs is permitted freely provided cif value is US $ 50 or above per square metre (for maximum thickness of slab of 20 mm) w.e.f. 1.10.2016.

Relaxation in Import policy of Marble slabs w.e.f. 1.10.2016

September 17, 2016 5941 Views 0 comment Print

The import of items under the ITC(HS) Codes 6802 10 00, 6802 21 10, 6802 21 20, 680221 90, 6802 91 00, 6802 9200 and 25151220 related to marble slabs is permitted freely provided cif value is US $ 40 or above per square metre (for maximum thickness of slab of 20 mm) w.e.f. 1.10.2016.

Relaxation in Import policy of Rough Marble & Travertine Blocks wef 01.10.2016

September 17, 2016 2584 Views 0 comment Print

Import of Marble and Travertine- Crude or Roughly trimmed and merely cut, by sawing or otherwise, into blocks of a rectangular (including square) shape permitted freely provided cif value is US$ 200 or above per MT.

Amendment in Maharashtra Settlement of Arrears in Disputes Act, 2016

September 17, 2016 1720 Views 0 comment Print

With a view to settlement of arrears in dispute under the various Acts administered by the Sales Tax Department, the Maharashtra Settlement of Arrears in Disputes Act, 2016 (Mah. XVI of 2016), was enacted.

MVAT Rates Increased To 6% & 13.5% wef 17.09.2016

September 16, 2016 297913 Views 12 comments Print

Maharashtra Notification Amends Schedule C, D, & E Enhance tax rate to 6% and 13.5% from existing 5.50% and 12.50 w.e.f. 17-9-2016 which in effect Results in 0.50 to 1% increase in VAT Rates, vide Notification No. VAT. 1516/CR-123/Taxation-1- Dated 16th September, 2016. Text of the Notification is as follows :-

ITBA application for Selection of Scrutiny cases under CASS released

September 16, 2016 6685 Views 0 comment Print

Computer Assisted Scrutiny Selection (CASS) for the current year has been finalized. The Board has approved the parameters for selection of cases and cases will be visible to the Assessing Officers from 19.09.2016.

CBDT revises Form 64A-Income distributed by business trust

September 16, 2016 2827 Views 0 comment Print

S.O. 2979(E).—In exercise of the powers conferred by section 295 read with sub-section (4) of section 115UA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:—

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