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Form No. 61B Filing Procedure- Statement of Reportable Account

August 25, 2015 30233 Views 1 comment Print

Notification No. 3/2015 – Income Tax In exercise of the powers delegated by Central Board of Direct Taxes (‘Board’) under Sub rule (9)(a) and 9(b) of Rule 114G of the Income tax Rules 1962, the Principal Director General of Income-tax (Systems) lays down the procedures, data structure and standards for ensuring secure capture and transmission of data, evolving and implementing appropriate security, archival and retrieval policies as under:

Jurisdiction of ACIT or JCIT under Black Money Act

August 24, 2015 971 Views 0 comment Print

Notification No. 73/2015 – Income Tax Dated- 24th August 2015 Jurisdiction of Additional Commissioners of Income-tax or the Joint Commissioners of Income-tax under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015

PTI notified as a news agency for the purposes of Section 10(22B)

August 24, 2015 1073 Views 0 comment Print

Notification No. 72/2015 – Income Tax Income Tax Notification No. 72/2015 new Dated: 24-8-2015 The Press Trust of India Limited, New Delhi, notified as a news agency for the purposes of Section 10(22B) of the Income-tax Act, 1961 for the A.Y. 2016-17 to 2018-19

Onions export subject to MEP of US$ 700 F.O.B. per MT

August 24, 2015 517 Views 0 comment Print

Export of onion for the item description at Serial Number 51 & 52 of Chapter 7 of Schedule 2 of ITC (HS) Classification of Export & Import Items shall be permitted subject to a Minimum Export Price (MEP) of US$ 700 F.O.B. per Metric Ton or as notified by DGFT from time-to-time.

2nd and 4th Saturday of month declared as bank holiday wef 01.09.2015

August 20, 2015 2403 Views 0 comment Print

Central Government hereby declares the second and the fourth Saturday of every month as public holiday for banks in India, whether or not such banks are included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934), with effect from the 1st day of September, 2015.

NCLT (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Rules, 2015

August 19, 2015 4527 Views 0 comment Print

The President shall be entitled to a monthly pay of ₹ 80,000/- (fixed) and other allowances as are admissible to a Government Servant in the Apex grade of ₹ 80,000 (fixed). (2) A Judicial Member and Technical Member shall be paid salary in the pay scale of ₹ 67000-79000/- (annual increment at 3%) and other allowances as are admissible to a Government Servant in Higher Administrative Grade of ₹ 67000-79000/-.

Now summons can be served via email or fax under Securities Contract Regulations

August 19, 2015 568 Views 0 comment Print

These rules may be called the Securities Contracts (Regulation) (Procedure for Holding Inquiry and Imposing Penalties by Adjudicating Officer) Amendment Rules, 2015.

NCLAT (Salaries, Allowances and other Terms and Conditions of Service of Chairperson and other Members) Rules, 2015

August 19, 2015 1254 Views 0 comment Print

that I will not directly or indirectly communicate or reveal to any person or persons any matter which shall be brought under my consideration or shall become known to me as Chairperson or member of the said Tribunal except as may be required for the due discharge of my duties as Chairperson or member

CBDT notifies 21 districts of the State of Bihar as backward areas u/s 32 and 32AD

August 17, 2015 1367 Views 0 comment Print

Notification No. 71/2015 – Income Tax In exercise of the powers conferred by section 32 and section 32AD of the Income-tax Act. 1961 (43 of 1961), the Central Government hereby notifies the following districts of the State of Bihar as backward areas under the first proviso to clause (iia) of sub-section (1) of section 32 and sub-section (1) of section 32AD, namely :-

Section 6(1) CBDT Notification On Computation of period of stay in India

August 17, 2015 4978 Views 0 comment Print

Notification No. 70/2015 – Income Tax 126. Computation of period of stay in India in certain cases. – (1). For the purposes of clause (1) of section 6, in case of an individual, being a citizen of India and a member of the crew of a ship, the period or periods of stay in India shall, in respect of an eligible voyage, not include the period computed in accordance with sub-rule (2).

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