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Notifications/Circulars

CBDT soft launches 'National Judicial Reference System' (NJRS)

March 19, 2015 7166 Views 4 comments Print

In its endeavor to improve litigation management related to Direct tax cases in various courts, the Department has taken up a project titled “National Judicial Reference System” (NJRS). The NJRS project is being undertaken by the Directorate General of Income Tax (Legal & Research), Income Tax Department.

Rate of exchange of conversion of each of foreign currency wef 20.03.2015

March 19, 2015 1526 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue)

CBDT- Website to show outstanding work done by retiring Government employees

March 19, 2015 685 Views 0 comment Print

The undersigned is directed to state that Department of Administrative Reforms & Public Grievances vide their OM No. 4/2/2013-P&PW(Coord) dated 19.21015, have initiated a process of providing a platform ‘Anubhav’ for the retiring Central Government

Companies (Meetings of Board and its Powers) Amendment Rules, 2015

March 18, 2015 7606 Views 0 comment Print

In exercise of the powers conferred under sections 173, 175, 177, 178, 179, 184, 185, 186, 187, 188, 189 and section 191 read with section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the Companies (Meetings of Board and its Powers) Rules, 2014, namely:– 1. (1) These rules may be called the Companies (Meetings of Board and its Powers) Amendment Rules, 2015.

Companies (Share Capital and Debentures) Amendment Rules, 2015

March 18, 2015 11581 Views 1 comment Print

We hereby nominate the following person in place of as nominee in respect of the below mentioned securities in whom shall vest all rights in respect of such securities in the event of my/our death.

Processing of Online Income Tax returns filed during F.Y. 2013-14

March 18, 2015 1036 Views 0 comment Print

2.. In view of difficulties reported vide above referred letter, in the processing of returns in AST of foreign technicians filed by representative assessees, the CBDT has approved ‘Online TMS(category 2)’ for processing of such returns. Therefore, an online ‘Online TMS(category 2)’ functionality has been provided in ITD-AST application under AST TMS Online TMS – Category 2.

Notification No. 31/2015-Customs (N.T.) Dated 18th March, 2015

March 18, 2015 1355 Views 0 comment Print

In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise & Customs hereby makes the following further amendments in the Notification of the Government of India, Ministry of Finance

Agreement for Avoidance of double taxation and prevention of fiscal evasion with ‘Croatia’

March 17, 2015 1010 Views 0 comment Print

Notification No. 24/2015 – Income Tax Whereas, an Agreement and Protocol (hereinafter referred to as the said Agreement and the Protocol) as set out in the Annexure to this notification, was entered into between the Government of the Republic of India and the Government of the Republic of Croatia for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on income that

DIPP issues Clarification on Press Note 10 of 2014

March 14, 2015 6718 Views 0 comment Print

Whether FDI can be brought if the minimum capitalization was not completed within the period of six months of the commencement of the project? No new FDI can be brought in the project if the minimum capitalization of US $ 5 million has not been achieved within six months of commencement of the project. If such minimum capitalization was achieved, FDI can be brought in till the period of 10 years or the completion of the project, whichever is earlier.

Review of Foreign Direct Investment (FDI) policy on Insurance Sector

March 14, 2015 1997 Views 0 comment Print

Review of Foreign Direct Investment (FDI) policy on Insurance Sector‑ amendment to ‘Consolidated FDI Policy Circular of 2014’. 1.0 Present Position: 1.1 Paragraph 6.2.17.7 of ‘Consolidated FDI Policy Circular 2014’, effective from April 17, 2014, relating to insurance sector, presently reads as below:

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