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

The Aadhaar Act 2016

March 26, 2016March 26, 2016 TaxIndiaUpdates In0 comments7529 views

The Aadhaar (Targeted Delivery of Financial and other Subsidies, Benefits and Services) Act, 2016 NO. 18 OF 2016 The Aadhaar Act 2016 to provide for, as a good governance, efficient, transparent, and targeted delivery of subsidies, benefits and services, the expenditure for which is … Continue Reading →

Personal Finance

Interest income should be shown in Return even Form 15G/15H filed

March 23, 2016 TaxIndiaUpdates In0 comments4206 views

Interest income should be shown in Return even Form 15G/15H filed Central Board of Direct Taxes (CBDT) vide its press release March 23, 2016 clarified that interest income should be shown in the return of income even in cases where Form 15G/15H has been filed … Continue Reading →

Central Excise

Excise duty on Jewellery : New Committee formed to submit Representation

March 22, 2016 TaxIndiaUpdates In0 comments4820 views

Committee for Representation regarding Imposition of Excise duty on Jewellery CBEC vide Circular No. 1021/9/2016-CX dated March 21, 2016 constitute a Sub-Committee of the High Level Committee to Interact with Trade & Industry on Tax Laws, chaired by Dr. Ashok Lahiri. All associations will … Continue Reading →

Income Tax

Equalisation Levy : Report of the Committee on Taxation of E-Commerce

March 21, 2016March 21, 2016 TaxIndiaUpdates In0 comments7345 views

Proposal for Equalisation Levy on Specified Transactions Read Also : Salient Features of Equalisation Levy A Committee on Taxation of e-commerce was constituted by the Central Board of Direct Taxes to examine the business models for e-commerce, identify the direct tax issues in relation … Continue Reading →

VAT

Online Registration Procedure in Maharashtra VAT

March 20, 2016April 4, 2016 TaxIndiaUpdates In0 comments4209 views

Online Registration Procedure in Maharashtra VAT PROCESS FLOW : Dealer log on to web-site www.mahavat.gov.in Click on e-registration in e-services column on home page. Instruction sheet :Detailed guidelines regarding application process flow, location details, list of required documents are provided in the instruction sheet. Click … Continue Reading →

Budget 2017

Maharashtra State Budget 2016-17

March 19, 2016March 25, 2016 TaxIndiaUpdates In0 comments7908 views

Highlights of Maharashtra State Budget 2016-17 Maharashtra Finance Minister Sh. Sudhir Mungantiwar on Friday March 18, 2016 has presented in the state Assembly the budget for 2016-17. Following are highlights of Maharashtra State Budget 2016-17: Exemption from Levy of Sugarcane Purchase Tax for the year 2015-16 … Continue Reading →

Budget 2017

PPT Presentation on Union Budget 2017-18

March 17, 2016February 1, 2017 TaxIndiaUpdates In0 comments11176 views

PPT Presentation on Union Budget 2017-18 Presentation on Amendments in Cenvat Credit Rules by budget 2016 (Download) Changes proposed in service tax by union budget 2016 17 (Download) Other Post Related to Union Budget 2016-17 Equalisation Levy The Income Declaration … Continue Reading →

Income Tax

CBDT Instruction to pass order under section 12AA within six months

March 17, 2016 TaxIndiaUpdates In0 comments5255 views

CBDT Instruction to pass under section 12AA within Six Months CBDT vide its Instruction No. 16/2015 dated 16-11-2015 give direction that time limit of six months is to be strictly followed by the Commissioner of Income Tax (Exemptions) while passing order under section 12AA. The CCIT … Continue Reading →

Income Tax

Fund Management Activity by an eligible Investment Fund is not a business connection in India

March 17, 2016 TaxIndiaUpdates In0 comments3947 views

Fund Management Activity by an eligible Investment Fund is not a business connection in India Section 9A of the Income-tax Act, 1961 (the Act) provides for special taxation regime with effect from 01.04.2016 to facilitate location of fund managers of off shore funds in India. Under … Continue Reading →

Central Excise

Removal of Goods at Concessional Rate of Duty Rules 2016

March 15, 2016April 12, 2016 TaxIndiaUpdates In0 comments7229 views

Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods and Other Goods) Rules, 2016 (As amended by Notification No. 22/2016-Central Excise (N.T), Dated: March 15, 2016) 1. Short title, extent and commencement. – (1) These rules may be called the … Continue Reading →