Aug 31, 2015

CBDT criteria on selecting cases for scrutiny financial year 2015-16

Central board of direct taxes revealed criteria for selecting cases for scrutiny for the financial year 2015-16. CBDT issued an instructio...

CHALLAN FORM 280,281,281 AND 283 FREE EXCEL DOWNLOAD

CHALLAN 280- this challan is used for depositing self assessment tax,advance tax and tax demand on regular assessment. So this challan is ...

Aug 19, 2015

CBDT clarification on approval and claim of exemption u/s 10(23C)(vi)

CBDT issued a circular no. 14/2015 dated 17 August 2015 clarifying on certain issues related to grant of approval and claim of exemption u...

Income tax new rule 126 to determine stay of foreign ship crew members

In exercise of the powers conferred by Explanation 2 to clause (1) of section 6 read with section 295 of the Income-tax Act, 1961 (43 of 1...

CBDT notification no. 71 about declaring some Bihar areas as backward

CBDT issued a notificationno.71/2015 dated 17 August 2015 on declaring some areas of Bihar as backward. Full notification is as under. ...

Aug 13, 2015

Income tax 11 amendment rule and new form 61B

Income tax department made 11th amendment in the income tax rules with a notification no. 62/2015 dated 7 August 2015 and issued a new for...

Grant of minority sector by educational institute is valid

Merely because minority status is accorded to educational institutions run by a society, it cannot be regarded as being established for be...

Relaxation in FDI sectoral cap

Ministry of Commerce and Industries issued a notification no. 8/12/2015 dated 12 August 2015 about relaxation in FDI Sectoral cap. Full no...

Aug 10, 2015

Levy of VAT on Indian liquor on hotels is valid

CST & VAT: Tamil Nadu VAT: Levy of VAT on Indian-made liquor sold by hotels/clubs is constitutionally valid, irrespective of the fact ...

Aug 9, 2015

E-filing of VAT return mandatory in Haryana

HARYANA VALUE ADDED TAX (SECOND AMENDMENT) ORDINANCE, 2015 - AMENDMENT IN SECTIONS 2, 16, 34 & 60; SUBSTITUTION OF SECTIONS 8, 15A &am...

Aug 8, 2015

No additional interest on deposit of armed forces group insurance

Interest Rates on Deposits – Deposits of Army Group Insurance Directorate (AGID), Naval Group Insurance Fund (NGIF) and Air Force Group In...

Aug 7, 2015

Income tax return form ITR for assessment year 2015-16

The income tax department issued income tax return form ITR for the assessment year 2015-16. However this time the department is late issu...