Notifications For the year 2016

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TMI - e-Newsletter TaxTMI Excess Input Tax Credit penalty appeal dismissed... TaxTMI Income Tax Assessment Notice Issued by... TaxTMI Excessive delay in issuing show cause notice &... TaxTMI Rectification: Show Cause Notice quashed for period... TaxTMI Investor locked into long-term capital gains bonds;... TaxTMI Funds received by assessee overlooked during... TaxTMI Cash deposits explained through VAT returns, cash... TaxTMI Customs duty dispute: Imported goods classified as... TaxTMI Appointment of adjudicator for corporate penalties... TaxTMI Undisclosed investments, agricultural land... TaxTMI Taxpayer's victory: AO's order upheld, PCIT's... TaxTMI Non-resident Singapore firm's software licensing... TaxTMI Excessive transport expenses deduction and TDS... TaxTMI Importer imports "Ground Colemanite (B2O3 40%)... TaxTMI Bank penalized for delayed reporting of high-value... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

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Income Tax
No. S.O. 1229(E) - Dated: 29-3-2016 - IT
Corrigendum – Notification No. S.O. 3442 (E) dated 17 December 2015
No. 23/2016 - Dated: 29-3-2016 - IT
Section 10(46) of the Income-tax Act, 1961 – Central Government notifies “Maharashtra State Board of Technical Education” for dealing with specified income
No. 22/2016 - Dated: 29-3-2016 - IT
Section 10(46) of the Income-tax Act, 1961 – Central Government notifies “Andhra Pradesh Electricity Regulatory Commission” for dealing with specified income
Customs
No. 24/2016 - Dated: 28-3-2016 - Cus
Seeks to further amend notification No. 12/2012-Customs, dated the 17th March, 2012 so as to (i) continue BCD @ 25% on import of wheat beyond 31.03.2016 upto 30.06. 2016 (ii) retain BCD @ 40% on import of Ghee Butter and Butteroil, beyond 31.03.2016 for a period upto 30.09.2016
Indian Laws
No. G.S.R 340(E) - Dated: 26-3-2016 - Indian Law
Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (Attached and Subordinate Offices), Deputy Director (Official Language) Recruitment Rules, 2016
No. G.S.R 339(E) - Dated: 26-3-2016 - Indian Law
Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (Attached and Subordinate Offices), Assistant Director (Official Language) Recruitment Rules, 2016
Companies Law
No. F. No. A-42011/03/2016-Ad.II - Dated: 23-3-2016 - Co. Law
Notification for CRC phase-2 Incorporation
No. F. No. 01/13/2013 CL-V(Pt-I) - Dated: 23-3-2016 - Co. Law
Companies (Incorporation) Second Amendment Rules, 2016
Income Tax
No. 21/2016 - Dated: 23-3-2016 - IT
Income-tax (8th Amendment) Rules, 2016
SEZ
No. S.O. 1137 (E) - Dated: 23-3-2016 - SEZ
Amendment in Notification No. S.O.570(E) dated 27th February, 2009
Income Tax
No. 20/2016 - Dated: 21-3-2016 - IT
M/s. Ascendas IT Park (Chennai) Ltd. Notified as an industrial park for the purposes of Section 80-IA(4)
SEZ
No. S.O. 1217(E) - Dated: 21-3-2016 - SEZ
Rescinding of a sector specific Special Economic Zone for food processing and related services at Hassan in the State of Karnataka
Income Tax
No. 19/2016 - Dated: 18-3-2016 - IT
Income–tax (7th Amendment) Rule, 2016 - Amends rule 114E regarding Information Return or Statement of Financial Transactions
Indian Laws
No. F.No.2/3/2014.NS-II - G.S.R. 323(E) - Dated: 18-3-2016 - Indian Law
Sukanya Samriddhi Account Rules, 2016
No. F. No. 13/20/2014-NS. II - G.S.R. 322(E) - Dated: 18-3-2016 - Indian Law
Senior Citizens’ Welfare Fund Rules, 2016
VAT - Delhi
No. F.5(54)/Policy/VAT/2013/PF/1721-31 - Dated: 18-3-2016 - DVAT
Grant of Exemption to Embassy of Socialist Republic of Vietnam
No. F.3(29)/Fin(Rev-I)/2015-2016/dsvi/93 - Dated: 18-3-2016 - DVAT
New Composition Scheme for Restaurants and Halwais @5% instead of 1%
Customs
No. 41/2016 - Dated: 17-3-2016 - Cus (NT)
Rate of exchange of conversion of the foreign currency with effect from 18th March, 2016
Income Tax
No. 18/2016 - Dated: 17-3-2016 - IT
Income-tax (6th Amendment) Rules, 2016 - Method of determination of period of holding of capital assets, being a share or debenture of a company, which becomes the property of the assessee in the circumstances mentioned in clause (x) of section 47.
SEZ
No. S.O. 1219(E) - Dated: 17-3-2016 - SEZ
De-notification of 23.75.0 hectares of sector specific Special Economic Zone for Electronics/Telecom Hardware and support services including trading and logistics activities at SIPCOT Industrial Area, Sriperumbudur, Tamil Nadu