Notification & Circulars

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 Community & General

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

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 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

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 Community & General

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

Income–tax (15th Amendment) Rules, 2016

Notification No#48/2016 20 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 20th June, 2016 S.O. 2151(E).-In exercise of th..

Posted in Income Tax

Notification No. 47/2016 [F. No. 275/53/2012 – IT(B)]

Notification No#47/2016 17 June 2016

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] MINISTRY OF FINANCE (DEPARTMNET OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th June, 2016 No. 47/2016 INCOME TAX S.O. (E).- In exerci..

Posted in Income Tax