Monthly Archives: October 2016

MVAT- Exemption from payment of Tax for oil company u/s 41(4)

By | October 29, 2016

FINANCE DEPARTMENT Madam Cama Marg, Hutatma Rajguru Chowk, Mantralaya, Mumbai 400 032, dated the 21st October 2016. NOTIFICATION MAHARASHTRA VALUE ADDED TAX ACT, 2002. No. VAT 1515/ CR 84/Taxation-1.—In exercise of the powers conferred by clause (a) of sub­section (4) of section 41 of the Maharashtra Value Added Tax Act, 2002 (Mah. IX of 2005),… Read More »

Transferability of goods imported by debiting duty in SFIS scrips

By | October 29, 2016

Circular No. 49/2016-Cus. F. No. 605/17/2013-DBK Government of India Ministry of Finance, Department of Revenue Drawback Division New Delhi, 27th October, 2016 To Principal Chief Commissioners / Chief Commissioners Principal Directors General / Directors General Principal Commissioners / Commissioners (All under CBEC) Sub: Transferability of goods imported/procured by debiting duty in SFIS scrips– reg. The… Read More »

Registration of Valuers-Income Tax Business Application Functions Module

By | October 29, 2016

F.No. System/ITBA/Instruction/Administrative/178/2016-17/ Dated: 24.10.2016 To All Principal Chief Commissioners of Income-tax/ CCsIT (By Name) All Principal Commissioner of Income-tax/CsIT/CsIT(CO) (By Name) Subject: Launch of Income Tax Business Application (ITBA) – Administrative Functions Module Phase-3 (Registration of Valuers) – Reg. Income Tax Business Application Functions Module -Registration of Valuers – Reg. Sir/Madam, This is in reference… Read More »

Income Tax Business Application -Gratuity, Superannuation and PF Approval

By | October 29, 2016

F.No. System/ITBA/Instruction/Administrative/178/2016-17/ Dated: 24/10/2016 To All Principal Chief Commissioners of Income-tax/ CCsIT (By Name) All Principal Commissioner of Income-tax/CsIT/CsIT(CO) (By Name) Subject: Launch of Income Tax Business Application (ITBA) – Administration Functions Module Phase-2 (Gratuity, Superannuation and Provident Fund Approval) – Reg. Sir/Madam, This is in reference to the subject mentioned above. The functionality for… Read More »

E-payment gateways under Maharashtra Sales Tax

By | October 29, 2016

Office of the Commissioner of Sales Tax, Maharashtra, 8th Floor, Vikrikar Bhavan, Mazgaon, Mumbai Trade Circular To ___________ ___________ No : Mahavikas/PDADIC/New Automation/Payment Gateways/B-832  Dt 27/10/2016 Trade Circular No.: 32 T of 2016 Subject: First Phase Go Live of e-payment under SAP-TRM new automation process. Ref: Trade Circular No of 22 T of 2016 Dt.26… Read More »

Bihar Electricity Regulatory Commission notified u/s 10(46) of Income Tax

By | October 29, 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No. 101/2016 New Delhi, the 27th October, 2016 S.O. 3336(E).-In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, Bihar Electricity… Read More »

Entry Tax e-return for Dealers of Maharashtra

By | October 29, 2016

Office of the Commissioner of Sales Tax, Maharashtra State, Mumbai 8th Floor, Vikrikar Bhavan, Mazgaon, Murnbai — 400010 TRADE CIRCULAR No. JC(MAHAVIKAS)/ELE-RET/15-16/ADM-20/B-833 Mumbai, Dt: 27/10/2016 Trade Circular No. 33T of 2016 Sub : e-Returns for Dealers registered under the The Maharashtra Tax on the Entry of Goods into Local Areas Act, 2002. BACKGROUND : e-Services… Read More »

Chemicals Handling-Safety, Examination & Storage -E Book

By | October 29, 2016

Material Safety in handling, examination & storage of chemicals 1. Introduction 1.1 Customs officers often have to deal with chemicals while inspecting/examining import/export consignment of chemicals or taking samples for testing etc. They are also required to handle chemicals while stock taking in manufacturing premises or godowns. Sometimes the officers also have to supervise transport… Read More »

Acetic (Ethanoic ) Anhydride Import /Export Legal Compliance

By | October 29, 2016

Legal Compliance for Import/Export Of Acetic Anhydride 1. Introduction: 1.1 Acetic Anhydride is one out of 14 precursor chemicals which are found to be commonly used by terrorist group/ criminals syndicates to manufacture IEDs. Therefore, its import and export is monitored under Programme Global Shield so as to prevent it falling into hands of terrorist… Read More »

Disallowance of income component in case of Non Resident u/s 40(a)(ia) : CBDT

By | October 29, 2016

F.No.500/39/2015 (US FT & TR-V) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Foreign Tax & Tax Research –II FT & TR-V Division New Delhi, 26th of October, 2016. To All the Pr. Chief Commissioner of Income Tax / Pr Director General of Income Tax Sir Madam, Sub: Withholding… Read More »