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Notification & Circulars

Implementation of Indian Accounting Standards (Ind AS)

 Notification No#106/21.07.001/2015-16     23 June 2016

RBI/2015-16/429 DBR.BP.BC.No.106/21.07.001/2015-16 June 23, 2016   All Scheduled Commercial Banks (excluding Regional Rural Banks)   Madam / Dear Sir,   Implementation of Indian Accounting Standards (Ind AS)   Please refer to circular DBR.BP.BC.N..

Posted in Others

Exchange Rate notfn. with effect from 24th June, 2016 thereby amending Notfn. 87/2016-Cus (NT)

 Notification No#88/2016 - Customs (N.T.)     23 June 2016

  Exchange Rate notfn. with effect from 24th June, 2016 thereby amending Notfn. 87/2016-Cus (NT)     Please refer to the attached file for details     ..

Posted in Custom

Seeks to exempt taxable services from the whole of Krishi Kalyan Cess leviable thereon with respect to which the invoice for the service has been issued on or before 31st May, 2016

 Notification No#35/2016-Service Tax      23 June 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 35/2016-Service Tax New Delhi, the 23rd June, 2016   G.S.R. ---(E).- In exercise of the powers..

Posted in Service Tax

Permitting writing of options against contracted exposures by Indian Residents

 Notification No#78     23 June 2016

RBI/2015-16/431 A.P. (DIR Series) Circular No. 78 June 23, 2016   To All Category - I Authorised Dealer Banks Madam / Sir,   Permitting writing of options against contracted exposures by Indian Residents   Attention of Authorised Dealer Category - I (AD Cat..

Posted in Others

Corrigendum

 Notification No#52/2016     23 June 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] MINSTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) INCOME-TAX CORRIGENDUM New Delhi, the 23rd June, 2016   S.O. (E).-In the notification of the Go..

Posted in Income Tax

Reporting Requirements under Basel III Capital Regulations- Review

 Notification No#105/21.06.001/2015-16     23 June 2016

RBI/2015-16/428 DBR.BP.BC.No.105/21.06.001/2015-16 June 23, 2016   All Commercial Banks (Excluding Local Area Banks and Regional Rural Banks)   Dear Sir, Reporting Requirements under Basel III Capital Regulations- Review Please refer to the Annexures 3 and 4 of the&n..

Posted in Others

Seeks to exempt service tax on taxable services by way of transportation of goods by a vessel from outside India upto customs station in India with respect to which the invoice for the service

 Notification No#36/2016-Service Tax      23 June 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No. 36/2016-Service Tax New Delhi, the 23rd June, 2016   G.S.R. ---(E).- In exercise of the power..

Posted in Service Tax

Income-tax (16th Amendment) Rules, 2016

 Notification No#49/2016     22 June 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 22nd June, 2016 INCOME-TAX   S.O. 2179(E).-..

Posted in Income Tax

Seeks to further amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia C

 Notification No#40/ 2016-Customs     21 June 2016

  Seeks to further amend notification No. 53/2011-Customs dated 01st July, 2011 so as to provide deeper tariff concessions in respect of specified goods imported from Malaysia under the India-Malaysia Comprehensive Economic Cooperation Agreement (IMCECA) w.e.f.30.06.2016     ..

Posted in Custom

Threshold Limit of tax audit under section 44AB and section 44AD – clarification regarding​​

 Notification No#20.6.16     20 June 2016

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 20th June, 2016   Sub: Threshold Limit of tax audit under section 44AB and section 44AD – clarification regarding   Section 44AB of the Income-tax ..

Posted in Income Tax |   3 comments




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