CAclubindia News

Real estate bill becomes a reality

16 March 2016 at 11:15

Lok Sabha clears Real Estate Bill as passed by Rajya Sabha Shri Venkaiah Naidu clarifies various issues of the Bill Real Estate Bill is Prime Minister’s Gift to the Nation, says Shri NaiduThe Bill shall have a bearing on the ongoing projects an

Posted in Others | 9393 Views

New service tax return form notified

09 March 2016 at 16:44

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (i)]Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Excise and CustomsNew Delhi, the 8th March, 201618 Phalguna, 1937SakaNotification

Posted in Service Tax | 1 comments | 21531 Views

TDS on payments by Television channels

09 March 2016 at 10:40

Issue of clarification on contentious TDS issues on payments made by Television channels, Broadcasters and Newspapers With a view to bring about clarity in the interpretation of certain contentious issues relating to Tax Deduction at Source (TDS) on

Posted in Income Tax | 1 comments | 12612 Views

Clarification regarding taxability of consortium members

09 March 2016 at 10:40

Taxation of consortium of contractors formed to implement Engineering, Procurement and Construction (EPC) contracts/turn key projects has been a subject matter of dispute between Income-tax Department and the consortium. This has been particularly so

Posted in Income Tax | 9036 Views

Tax Administration Reforms Commission

09 March 2016 at 10:40

The Government has received the Report of Tax Administration Reforms Commission (TARC) headed by Dr. Parthsarathi Shome. The Report has four volumes containing a number of tax administration reforms. The broad recommendations inter-alia include chang

Posted in Income Tax | 7161 Views

CBDT sets up a dedicated structure for monitoring of taxpayer services in IT dept

08 March 2016 at 11:01

CBDT sets-up a Dedicated Structure for delivery and monitoring of Tax Payer Services in the Income Tax Department Grievance redressal is a major aspect of citizen centric governance and is an important feature of the activities of the Income Tax De

Posted in Income Tax | 8754 Views

CBDT issues Revised Guidelines for stay of demand at the First Appeal Stage

04 March 2016 at 11:09

CBDT issues Revised Guidelines for stay of demand at the First Appeal Stage; Decision of the Board to provide significant relief to the taxpayers in matters relating to grant of stay and recovery of demand by reducing arbitrariness in the disposal of

Posted in Income Tax | 15603 Views

CBDT clarifies various provisions of the IT Act for reducing litigation

04 March 2016 at 11:09

CBDT clarifies various provisions of the Income-tax Act for reducing litigation and easing burden of compliance The Central Board of Direct Taxes (CBDT) has taken a number of decisions to clarify the applicability of various provisions of the Incom

Posted in Income Tax | 11433 Views

No change in the existing tax treatment of PPF after budget

01 March 2016 at 17:17

Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS) There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment

Posted in Others | 15357 Views

Budget Highlights Indirect taxes

01 March 2016 at 11:48

Amendments made effective immediately� The Clean Energy cess is to be renamed as Clean Environment cess. The effective rate of Clean Energy cess proposed to be increased from Rs.200 per tonne to Rs.400 per tonne .� Infrastructure cess is to

Posted in Others | 1 comments | 18969 Views