TaxIndiaUpdates.In : GST, Service Tax, Income Tax, VAT, Tax Planning

Ministry of Finance Press Release: An Overview of GST

April 26, 2017 TaxIndiaUpdates In0 comments5145 views

Ministry of Finance Press Release: An Overview of GST A. Benefits: 1.GST is a win-win situation for the entire country. It brings benefits to all the stakeholders of industry, government and the consumer. It will lower the cost of goods and services, give a boost … Continue Reading →

Income Tax

Valuation Rules for Accreted Income of Certain Trusts has been Notified

April 26, 2017 TaxIndiaUpdates In0 comments4552 views

Valuation Rules for Accreted Income of Certain Trusts has been Notified vide CBDT Notification No. 32/2017, Dated: April 21, 2017 G.S.R.399(E). – In exercise of the powers conferred by section 295 read with section 115TD of the Income-tax Act, 1961 (43 of 1961), the Central Board of … Continue Reading →

Income Tax

Lease Rent from Buildings in an Industrial Park or SEZ is Business Income

April 26, 2017 TaxIndiaUpdates In0 comments3899 views

Lease rent from letting out buildings/developed space along with other amenities in an Industrial Park/SEZ- to be treated as business income. The issue whether income arising from letting out of premises / developed space along with other amenities in an Industrial Park/SEZ is to … Continue Reading →

Public News

Online Statement of Transaction and e-PRAN Card Launched for Atal Pension Yojana

April 25, 2017April 26, 2017 TaxIndiaUpdates In0 comments2997 views

Online Statement of Transaction (e-SOT) and the e-PRAN card launched for Atal Pension Yojana (APY) subscribers; More than 45 lacs subscribers to be benefited With a view to digitally empower the Atal Pension Yojana (APY) subscribers and improve the quality of service, the facility of online … Continue Reading →

Public News

IPL Cricket Betting Scam: CBI Files Case against Joint Director of Enforcement Directorate

April 22, 2017 TaxIndiaUpdates In0 comments2320 views

IPL CRICKET BETTING SCAM:- CBI FILES CHARGESHEET AGAINST THEN JOINT DIRECTOR, ENFORCEMENT DIRECTORATE AND NINE OTHERS INTO THE MATTER OF ALLEGED CRICKET BETTING CASE Press Release New Delhi, 20.04.2017 The Central Bureau of Investigation has filed chargesheet in the Court of Special Judge, CBI Cases, Ahmedabad (Gujarat) … Continue Reading →

Income Tax

Clarification on Removal of Cyprus from the list of Notified Jurisdictional Areas

April 21, 2017April 23, 2017 TaxIndiaUpdates In0 comments3997 views

Clarification on removal of Cyprus from the list of notified jurisdictional areas under section 94A of the Income Tax Act, 1961 CBDT Circular No. 15/2017, dated April 21, 2017 Subject: Clarification on removal of Cyprus from the list of notified jurisdictional areas under section 94A of … Continue Reading →

Income Tax

Date for filing of declaration under PMGKY extended upto April 30, 2017

April 21, 2017April 23, 2017 TaxIndiaUpdates In0 comments4192 views

Date for filing of declaration under PMGKY extended upto April 30, 2017 (CBDT Circular No.14 of 2017 April 21, 2017) The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana,2016 had commenced on 17th December, 2016 and was open for declarations up to 31st March, … Continue Reading →

Personal Finance

Sovereign Gold Bond Scheme 2017-18 – Series I

April 21, 2017April 22, 2017 TaxIndiaUpdates In0 comments6013 views

Sovereign Gold Bond Scheme 2017 -18 – Series I – Issue Price Date In terms of GoI notification F. No. 4(8) – W&M/2017 and RBI circular IDMD.CDD.No.2760/14.04.050/2016-17 dated April 20, 2017, the Sovereign Gold Bond Scheme 2017-18 – Series I will be opened for subscription for the period … Continue Reading →

Goods and Service Tax

Draft GST Rules on Accounts and Records, Advance Ruling and Appeals and Revision

April 21, 2017 TaxIndiaUpdates In0 comments4224 views

Draft GST Rules on Accounts and Records, Advance Ruling and Appeals and Revision Draft GST Accounts and Records Rules 2017 Draft GST Advance Ruling Rules 2017 Draft GST Appeals and Revision Rules 2017 Source: cbec.gov.in Continue Reading →

Service Tax

CBI Arrests Superintendent of Customs, ICD, Patli (Gurgaon) while accepting bribe of Rs. 25,000

April 14, 2017April 14, 2017 TaxIndiaUpdates In0 comments8294 views

CBI Arrests an Assistant Garrison Engineer and Superintendent of Customs in Separate Cases of Bribery Press Release New Delhi, 12.04.2017 The Central Bureau of Investigation has arrested an Assistant Garrison Engineer, working in the Office of GE (East), Agra(Uttar Pradesh) for demanding & accepting a … Continue Reading →