Daily Archives: April 23, 2016

Time limit for jeweller Excise Registration extended

IMPOSITION OF CENTRAL EXCISE DUTY ON JEWELLERY – CONSTITUTION OF SUB-COMMITTEE OF HIGH LEVEL COMMITTEE TO INTERACT WITH TRADE AND INDUSTRY THEREON – EXTENSION OF TIME LIMIT FOR TAKING CENTRAL EXCISE REGISTRATION OF AN ESTABLISHMENT CIRCULAR NO.1026/14/2016-CX, DATED 23-4-2016 Kindly refer to the Circular No. 1021/9/2016-CX, dated 21-3-2016 issued vide F. No. 354/25/2016-TRU. 2. In… Read More »

Deductors to validate Lower TDS certificates given by Deductee

SECTION 197, READ WITH SECTIONS 195, 206C, OF THE INCOME-TAX ACT, 1961 – DEDUCTION OF TAX AT SOURCE – CERTIFICATE FOR DEDUCTION AT LOWER RATE – ADVISORY FOR DEDUCTORS PRESS RELEASE, DATED 1-1-2016 Advisory for Deductors 1. Deductors deduct tax at lower rate on payment/credit to deductee on production of certificate duly issued by assessing… Read More »

Govt framed committee for excise duty on Jewellery

IMPOSITION OF CENTRAL EXCISE DUTY ON JEWELLERY – CONSTITUTION OF SUB-COMMITTEE OF HIGH LEVEL COMMITTEE TO INTERACT WITH TRADE AND INDUSTRY THEREON CIRCULAR NO.1025/13/2016-CX, DATED 22-4-2016 In continuation to the Circular No. 1021/9/2016-CX dated 21-3-2016, issued vide F. No. 354/25/2016-TRU, the composition of the Sub-Committee referred to therein would be as under: (i) Dr. Ashok… Read More »

New rules for SC and ST Prevention of Atrocities Notified

New Rules notified by Government to revamp Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act The Ministry of Social Justice and Empowerment has notified the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Amendment Rules, 2016 on 14 April 2016, the birthday of Babasaheb Ambedkar   The Scheduled Castes and Scheduled Tribes (Prevention of… Read More »

Be aware of using online tax return filing portals

Facts of the Case The assessee submitted that she has provided her Form No. 16 received from her employer to the website of online tax return filing portal “Taxspanner” and received the confirmation from the said online tax return filing portal “Taxspanner” on 25/06/2011 stating that return of income is filed with the Revenue and… Read More »