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Service Tax Point of Taxation Rules 2016

April 13, 2016April 14, 2016 TaxIndiaUpdates In1 comments12776 views

The Point of Taxation Rules, 2011 In exercise of the powers conferred under sub-section (2) of section 67A and clause (a) and clause (hhh) of sub-section (2) of section 94 of the Finance Act, 1994, the Central Government hereby makes the following rules for … Continue Reading →

Central Excise

CBEC Circular on Excisability of Re-refined used or waste-oil

April 11, 2016April 11, 2016 TaxIndiaUpdates In0 comments5158 views

CBEC Circular on Excisability of Re-refined used or waste-oil CBEC vide its Circular No. 1024/12/2016–CX (F.NO. 96/43/2015-CX.1) issued on April 11, 2016 has clarified the issues of classification, manufacturing process and levy of Excise Duty on re-refined used oil or waste oil as under: Used lubricating … Continue Reading →

Income Tax

Electronic Verification Code for Appeal filed to CIT (Appeals)

April 10, 2016 TaxIndiaUpdates In0 comments3601 views

Electronic Verification Code for Appeal filed to CIT (Appeals) CBDT vide its notification no.05/2016 dated 06-04-2016 has specify the Electronic Verification Code (EVC) for electronically filed Form of Appeal to Commissioner (Appeals) as under: (i) specify the procedure for electronic filing of Form No. 35 and … Continue Reading →

Personal Finance

Stand up India Scheme Launched by PM Modi on April 05, 2016

April 5, 2016April 5, 2016 TaxIndiaUpdates In0 comments4781 views

Stand up India Scheme Launched by PM Modi on April 05, 2016 Source: PIB Prime Minister has launched the “Stand up India scheme” and a Web portal for the scheme on 05th April, 2016 at Sector 62, NOIDA. It is attended by Governor, UP, Union … Continue Reading →

Service Tax

Service Tax Act and Rules

April 1, 2016August 9, 2021 TaxIndiaUpdates In0 comments20943 views

Service Tax Act and Rules as Amended by Finance Act 2016 Rate of Service Tax & Interest on delay deposition Finance Act, 1994(Service Tax) Service Tax Rules, 1994 Cenvat Credit Rules, 2004 Service Tax (Determination of Value) Rules, 2006 Place of provision of Services Rules, … Continue Reading →

Income Tax

CBDT Notified New Income Tax Return Forms for A Y 2016-17

March 31, 2016June 23, 2016 TaxIndiaUpdates In0 comments11712 views

CBDT Notified New Income Tax Return Forms for A Y 2016-17 CBDT vide its Notification No. 24/2016 dated 30-03-2016 (F.No.370142/2/2016-TPL) as notified new Income Tax Return Forms for Filing Income Tax Return for A Y 2016-17. These form are available for download from CBDT website … Continue Reading →

Personal Finance

Sukanya Samriddhi Account Rules 2016

March 29, 2016 TaxIndiaUpdates In0 comments5042 views

March 18, 2016 Ministry of Finance, Department of Economic Affairs has notified the Sukanya Samriddhi Account Rules 2016 vide its Notification dated March 18, 2016 published in recent Extraordinary Gazette of India which shall come into force on the date of their publication in the Official Gazette i.e. … Continue Reading →

Budget 2017

Highlights of Delhi State Budget 2016-17

March 28, 2016March 28, 2016 TaxIndiaUpdates In0 comments4910 views

Highlights of Delhi State Budget 2016-17 Delhi government’s budget for Financial Year 2016-17, is tabled in the Delhi assembly on Monday, March 28, 2016 by Sh. Manish Sisodia, Finance Minister, Government of N.C.T. of Delhi. The key highlights of Delhi State Budget 2016-17 are as under: … Continue Reading →

Personal Finance

The Aadhaar Act 2016

March 26, 2016March 26, 2016 TaxIndiaUpdates In0 comments6649 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 comments3518 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 →