Daily Archives: December 16, 2015

Indian Qualification for Rio Olympics -2016

By | December 16, 2015

The Minister of State (Independent Charge) for Youth Affairs & Sports, Shri Sarbananda Sonowal has said that 57 athletes (25 in individual events and 16 members each of men and women Hockey team) have already qualified for participation in Rio Olympics 2016. More sportspersons are expected to qualify for participation in Rio Olympics 2016 as… Read More »

20 Transactions for which PAN card is mandatory

By | December 16, 2015

Rules regarding quoting of PAN for specified transactions amended The Government is committed to curbing the circulation of black money and widening of tax base. To collect information of certain types of transactions from third parties in a non-intrusive manner, the Income-tax Rules require quoting of Permanent Account Number (PAN) where the transactions exceed a… Read More »

Extended date of Advance Tax for Dec 2015 for Tamil Nadu and Puducherry

By | December 16, 2015

Last Date for December 2015 installment of Advance Tax for taxpayers in Tamil Nadu and Puducherry extended till 31st December, 2015 The last date of payment of December 2015 installment of Advance Tax for both Corporate and Non-Corporate Taxpayers in the State of Tamil Nadu and Union territory of Puducherry has been extended from 15.12.2015… Read More »

Updates to Al-Qaida Sanctions List

By | December 16, 2015

Source :Reserve Bank of India RBI/2015-16/268 DBR. AML. No.7835/ 14.06.001/ 2015-16 December 15, 2015 The Chairpersons/ CEOs of all Scheduled Commercial Banks/ Regional Rural Banks/ Local Area Banks/ All India Financial Institutions/ all NBFCs/ All Primary (Urban) Co-operative Banks /State and Central Co-operative Banks (StCBs / CCBs) /All Payment System Providers/ System Participants and Prepaid… Read More »

Clarification on classification of Biodiesel under oleochemicals

By | December 16, 2015

INSTRUCTION F. No. 528/22/2015-STO (TU) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Tariff Unit) Room No. 227-B, North Block New Delhi 11th December, 2015 To All Pr. Chief Commissioners/Chief Commissioners of Customs/Customs (Preventive) All Pr. Chief Commissioners /Chief Commissioners of Customs and Central Excise All Pr. Commissioners/Commissioners… Read More »

Fixation of Tariff Value of Edible oil, Brass, Poppy seed, Areca nut, gold and Sliver

By | December 16, 2015

Fixation of Tariff Value of Edible oil, Brass, Poppy seed, Areca nut, gold and Sliver [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION-3, SUB-SECTION (ii)] Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification  No. 142/2015-CUSTOMS (N. T.) New Delhi, 15th December, 2015 24 Agrahayana,… Read More »

Notification No. 57/ 2015 – Customs

By | December 16, 2015

Seeks to further amend Notification No. 69/2011-Customs, dated 29th July, 2011 so as to provide a concessional rate of basic customs duty in respect of tariff item 84082020 [engines of a kind used for the propulsion of motor vehicles – of cylinder capacity exceeding 250 cc] and 87084000 [gear box and parts thereof, of motor… Read More »

CBEC Clarify manpower supply & Job Work for Service Tax

By | December 16, 2015

Applicability of service tax on the services received by apparel exporters in relation to fabrication of garments  Manpower Supply  ? Job Work ? Circular No.190/9/2015-Service Tax F.No.354/153/2014-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) ***** Dated- 15th December, 2015 To, Principal Chief Commissioners of Customs and Central Excise(All) Principal Chief… Read More »