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CBDT requests taxpayer to avail facility for online rectification

April 1, 2016 4600 Views 1 comment Print

Taxpayers who are not satisfied with the outcome of processing of their Income Tax Return by the Centralized Processing Centre, Bengaluru can avail of the facility of online filing and tracking of rectification requests available on http://incometaxindiaefiling.gov.in/

Customs Fees for Rendering Services by Customs Officers Amendment Regulations, 2016

April 1, 2016 3424 Views 1 comment Print

where the working hours in respect of clearance of cargo in Customs ports or Customs airports, has been prescribed as twenty- four hours on all days for customs clearance, no fee shall be leviable in such locations for the services rendered by the category of officers mentioned in column (1) of the Table.

Bill of Entry (Electronic Declaration) (Amendment) Regulations, 2016

April 1, 2016 4159 Views 0 comment Print

Central Board of Excise and Customs hereby makes the following regulations to amend the Bill of Entry (Electronic Declaration) Regulations, 2011, namely:- 1. (1) These regulations may be called the Bill of Entry (Electronic Declaration) (Amendment) Regulations, 2016.

Restrictions on set-off under MVAT Rule 2005

April 1, 2016 14122 Views 0 comment Print

(i) goods covered under the entries 13 and 14 of the Schedule D appended to the Act, or (ii) mobile phone or cellular handset i.e. telephones for cellular network or for other wireless network,

Entry Tax on Marble & Granite in Maharashtra wef 01.04.2016

April 1, 2016 5164 Views 0 comment Print

In the Maharashtra Tax on Entry of Goods into Local Areas Act, 2002, in the Schedule, the existing entry 15 shall be renumbered as sub-entry (1) thereof, and after the sub-entry (1) as so renumbered, the following sub-entry shall be added, namely :—Slabs of Marble and Granite -12.5%

Delhi VAT: Appointment of Assistant Value Added Tax Officer

April 1, 2016 1144 Views 0 comment Print

t. Governor of the National Capital Territory of Delhi is pleased to appoint the following officers, with effect from the date of assumption of charge to assist the Commissioner of Value Added Tax, Government of National Capital Territory of Delhi, in the administration of the said Act, namely:-

Delhi VAT: Appointment of 11 Assistant Commissioner cum VATO

April 1, 2016 1228 Views 0 comment Print

No. F.3(11)/Fin(T&E)/2009-10/DS-VI/112 Lt. Governor of the National Capital Territory of Delhi is pleased to appoint the following officers, with effect from the date of assumption of charge to assist the Commissioner of Value Added Tax, Government of National Capital Territory of Delhi, in the administration of the said Act, namely:-

Verification of Genuineness of Agricultural Income Shown in ITR

April 1, 2016 8854 Views 0 comment Print

n view of the urgency of the matter, the Directorate of Systems had identified a list of 444 cases with a high probability of data entry error, and out of this confirmation has been received from the field for 155 cases. On verification it is seen that there is a high percentage of data entry errors in these cases and therefore the rest of the cases in this list i.e. 289 cases needs to be verified at the earliest. This list is placed on i-taxnet at the following path.

Pre-printed certificates for KVP & NSC discontinued wef 01.04.2016

April 1, 2016 4066 Views 0 comment Print

It was decided that the currently existing system of physical pre-printed certificates for KVP and NSC shall stand discontinued w.e.f. 1.4.2016 and shall be replaced by ‘National Savings Certificate/Kisan Vikas Patra Certificate on electronic – mode (e-mode) . Till the CBS system transits to that e-mode, banks and post offices may choose to issue a physical certificate recorded on a passbook.

Applicability of Ind-AS to disclosures in offer documents

March 31, 2016 3115 Views 0 comment Print

To align the disclosure requirements for financial information in the offer document as specified under SEBI (ICDR) Regulations, 2009 with the requirements of Ind AS specified under MCA Roadmap, the disclosure of financial information in accordance with Ind AS in the offer document shall be in the following manner:

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