In order to improve the taxpayer services, enhance the efficiency and to usher in a paperless environment for carrying out the assessment proceedings, CBDT has decided to initiate the concept of using email for corresponding with taxpayers and sending through emails the questionnaires, notice etc. at the time of scrutiny proceedings and getting responses from them using the same medium on a pilot basis.
Notification No. 83/2015 – Income Tax In exercise of the powers conferred by section 92C read with section 295 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:- 1. (1) These rules may be called the Income-tax (16th Amendment), Rules, 2015.
Notification No. 42/2015-Central Excise Specified biodiesel is exempt from central excise duty. However, its inputs namely, RBD Palm Stearin, Methanol and Sodium Methoxide are chargeable to central excise duty leading to CENVAT credit accumulation. Central excise duty has been exempted on RBD Palm Stearin, Methanol and Sodium Methoxide used in the manufacture of such biodiesel subject to actual user condition for a period upto 31.03.2016. Notification No.42/2015-Central Excise, dated 19.10.2015 may be referred to in this regard.
These rules may be called the Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2015. (2) They shall come into force on the date of their publication in the Official Gazette.
Notification No. 82/2015 – Income Tax Dated -19th October, 2015 In the notification of the Government of India in the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, number S.O.2914(E), dated the 13th November, 2014, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), dated the 13th November, 2014, in the Schedule,-
Notification No. 51/2015 Customs Dated-19th October, 2015- seeks to further amend notification No. 12/2012-Customs dated 17.03.2012 so as to increase the basic customs duty on wheat [CTH 1001 19 00 and 1001 99 10] from the present rate of 10% to 25% for a period up to and inclusive of 31.03.2016
Notification No. 81/2015 – Income Tax S.O. 2858(E). – In the notification of the Government of India in the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, number S.O. 2915 (E) dated the 13th November, 2014 published in Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii), dated 13th November, 2014, in Schedule- I,––
Notification No. 50/2015-Customs Seeks to reduce the export duty on export of Iron Ore by MMTC Limited (only NMDC origin) to Japan and South Korea under the Long Term Agreement (LTA), from 30% to 10%, upto and inclusive of 31.03.2018.
Notification No. 220/2015 – Income Tax Dated- 16th October, 2015 S.O. 2854(E).-In exercise of the powers conferred by sub-section (I) read with clause (b) of the Explanation to Section 35 AC of the Income Tax Act, 1961 (43 of 1961), the Central Government, on the recommendation of the National Committee for Promotion of Social and Economic Welfare,
No. 2/2015-NARCOTICS CONTROL-I G.S.R. 784(E).—In pursuance of rule 5 of the Narcotic Drugs & Psychotropic Substances Rules, 1985, the Central Government hereby notifies the tracts in the States of Madhya Pradesh, Rajasthan and Uttar Pradesh specified in the Table below as the tracts within which poppy may be cultivated on account of the Central Government during the opium crop year commencing on the 1st day of October, 2015 and ending on the 30th September, 2016.
