The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 65/2021 – Customs (ADD) [G.S.R. 789(E)] dated 11th November 2021 rescinds the Notification No 34/2016 – Customs (ADD) dated 14th July 2016. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 11th November, 2021 No. 65/2021-Customs (ADD) G.S.R. 789(E).—In exercise of
Residential Status under Income Tax Act, 1961:- Section 6 of the Income Tax Act, 1961 deals with the residential status of the assesse. Why the determination of residential status is mandatory:- By determining residential status of any person we conclude that whether a person is a resident of India or a non-resident of India. If
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 90/2021 – Customs (N.T.) dated 03rd November 2021 notifies the exchange rates for the purpose of calculation of Customs and related duties. GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS*****Notification No.90 /2021 – Customs (N.T.)New Delhi, dated
The Central Board of Direct Taxes (CBDT) vide its Press Release dated 01st November 2021 rolls out the new Annual Information Statement (AIS). Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 1st November, 2021 PRESS RELEASE Roll out of the new Annual Information Statement (AIS) Income Tax
The Central Board of Direct Taxes (CBDT) vide its Notification No 129/2021 [S.O. 4584(E)] dated 01st November 2021 notifies the e-Settlement Scheme 2021 to settle the pending applications in respect of which the applicant has not exercised the option under sub-section (1) of section 245M of the Act and which has been allotted or transferred
On a review and taking into account feedback received from Indian Banks’ Association (IBA) and other stakeholders, it has been decided that banks may open current accounts for borrowers who have availed credit facilities in the form of cash credit (CC)/ overdraft (OD) from the banking system as per the provisions below: (i) For borrowers,
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 85/2021 – Customs (N.T.) dated 27th October 2021 further amends the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 85/2021-Customs (N.T.) New
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 13/2021 – Central Tax (Rate) dated 27th October 2021 further amends the Notification No 1/2021 – Central Tax (Rate) dated 28th June 2017. GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 13/2021-Central Tax (Rate) New Delhi, the 27th
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 50/2021 – Customs dated 22nd October 2021 notifies the amendment in Notification No 96/2008 – Customs dated 13-Aug-2008 to include Sierra Leone. GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)Notification No. 50/2021-CustomsNew Delhi, the 22nd October, 2021 G.S.R…. (E). – In exercise of
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 51/2021 – Customs dated 22nd October 2021 amends the Notification No 25/2021 – Customs dated 31st March 2021. GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)Notification No. 51/2021-CustomsNew Delhi, the 22nd October, 2021 G.S.R…..(E).- In exercise of the powers conferred by sub-section (1)
