The Income Tax Department will be setting-up a ‘Taxpayers’ Lounge’ at the India International Trade Fair (IITF) – 2015 at Pragati Maidan, in national capital from 14th to 27th November, 2015. The theme of the Taxpayers’ Lounge this year would follow the theme of IITF 2015 i.e. ‘Make in India’ and aims to generate awareness…
In his Budget Speech 2014¬-15, the Union Finance Minister Shri Arun Jaitley had announced the setting-up of a High Level Committee (HLC) to interact with trade and industry and ascertain areas where clarity on tax laws is required. Accordingly, a High Level Committee (HLC) was constituted with the approval of the Finance Minister on 26th…
Cumulatively, during April-October 2015, Indirect Tax Collections increased by 35.9% over the collections made during the same period last year suggesting a healthy growth in the underlying tax base In October 2015, indirect tax revenue (provisional) collections increased by 36.8% compared with collections made in October 2014. Cumulatively, during April-October 2015, indirect tax collections increased…
Instruction No. 17/2015 F. No.225/290/2015-ITA-II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New-Delhi dated the 9th November, 2015 To All Pr. CCsIT/DsGIT/CCIT(Exemptions)/Pr. CCIT(International-tax) Subject: Constitution of Local Committees to deal with Taxpayers Grievances from High-Pitched Scrutiny Assessment — reg.- Sir/Madam Board has consistently been advising the field authorities to be…
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 29th October, 2015 S.O. 2942(E).— In exercise of the powers conferred by the third proviso to sub-section (2) of section 92C of the Income-tax Act, 1961 (43 of 1961) read with proviso to sub-rule (7) of rule 10CA of the Income-tax Rules, 1962, the Central…
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th October, 2015 INCOME-TAX S.O. 2965(E).— In exercise of the powers conferred by section 118 of the Income-tax Act, 1961 (43 of 1961) and in supersession of the notification of the Government of India in the Ministry of Finance, Department…
CIRCULAR NO. 18/2015 F.No.279/Misc./140/2015/ITJ Government of India Ministry of Finance Directorate of Income-tax Legal & Research ** **** New Delhi, 2nd November, 2015 Subject: Interest from Non-SLR securities of Banks – reg. It has been brought to the notice of the Board that in the case of Banks, field officers are taking a view that,…
7 November 2015 – Due date for deposit of Tax deducted/collected for the month of October, 2015 15 November 2015 – Quarterly TDS certificate (in respect of tax deducted for payments other than salary) by a person being an office of the Government for the quarter ending September 30, 2015 22 November 2015 –…
The Reserve Bank of India has recently permitted Indian corporates to issue rupee denominated bonds outside India. The matter of taxation of income from such bonds under Income-tax Act, 1961 has been considered by the Government. In so far as taxation of interest income from these INR off-shore bonds in the case of non-resident…
F.No. 225/26112015/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 28th of October, 2015 To All Pr.CCsIT/CCsIT/Pr.DsGIT/DsGIT Subject: Representation of cases before Authority for Advance Ruling-reg.- Sir/Madam As per provisions of sub-section (6) of section 245R of the Income-tax Act, 1961 [Act], the Authority…