TaxIndiaUpdates In

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

April 5, 2016April 5, 2016 TaxIndiaUpdates In0 comments5721 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 comments23805 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 comments12737 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 comments5663 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 comments5538 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 comments7631 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 comments4274 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 comments4904 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 comments7457 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 comments4268 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 →