Daily Archives: December 18, 2015

Govt revised 15CA ,15CB rules w.e.f 01.4.2016 for payment to Non resident

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION [Notification No. 93/2015, F.No.133/41/2015-TPL] New Delhi, the 16th December, 2015 INCOME-TAX G.S.R. 978(E).— In exercise of the powers conferred by sub-section (6) of section 195 read… Read More »

No CA Certificate in 15CB if NRI Payment less than 5 Lakh

Furnishing of Information in Respect of Payments made to the Non-Resident Section 195 of the Income-tax Act empowers the Central Board of Direct Taxes to capture information in respect of payments made to non-residents, whether chargeable to tax or not. Rule 37 BB of the Income-tax Rules has been amended to strike a balance between… Read More »

CBEC efforts to facilitate trade and resolve disputes

Initiatives of Central Board of Excise and Customs to Facilitate Trade and to Resolve Disputes The Central Board of Excise and Customs, Department of Revenue, Ministry of Finance, Government of India has taken a number of initiatives to facilitate trade and to resolve disputes. A slew of measures were taken to enable effective and speedy… Read More »

PAN Card number Questions and Anwers

PAN Card number or Permanent Account Number What is PAN card number ? PAN stands for Permanent Account Number. PAN is a ten-digit unique alphanumeric number issued by the Income Tax Department. PAN is issued in the form of a laminated plastic card (commonly known as PAN card). Given below is an illustrative PAN: ALWPG5809L Who… Read More »