Punjab Excise & Taxation department has vide its public notice dated 26th April, 2016, extended the last date of efiling of VAT-15 return for the 4th Quarter of Financial Year 2015-16 from 30th April, 2016 to 6th May, 2016. The said public notice is given below.
The Central Board of Excise & Customs has extended the last date of submission of service tax return form ST-3 for the period from 1st October, 2015 to 31st March, 2016, from 25th April, 2016 to 29th April, 2016. The Copy of the order is given below.
In the Finance Act-2015 a new sub-section 1B to section 80CCD in the Income Tax Act-1961 was inserted whereby an additional deduction of Rs. 50,000/- is offered to the taxpayer for contribution in the National Pension Scheme (NPS). This deduction is over and above the deduction of Rs. 1.50 Lac available u/s 80C for contribution in LIC/PPF/NSC etc. Deduction of Rs 50,000/- under 80CCD (1B) is exclusively for investments in NPS and cannot be availed against any other investment. NPS is a voluntary pension scheme regulated by Pension Fund Regulatory and Development Authority (PFRDA).
The Finance Ministry on Tuesday 1st March, 2016, issued an 11-point clarification on the changes made in the Budget 2016-17 on tax treatment for provident fund and NPS (National Pension Scheme). "There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment for recognised Provident Fund & NPS," the Finance Ministry said in a statement. The detailed press release is given below.
The Reserve Bank of India on 25th February, 2016 issued the Master Direction on Know Your Customer (KYC), Anti-Money Laundering (AML) and Combating of Financing of Terrorism (CFT). The Master Direction issued consolidates all relevant instructions issued by different departments of the Reserve Bank so far on the subject and will be applicable to all its regulated entities. The complete detailed directions are given below for reading as well as downloading.
Punjab Excise & Taxation department vide its public notice dated 30th January, 2016 has extended the due date for filing of quarterly VAT-15 return from present 30the January, 2016 to 5th February, 2016. The copy of the said public notice is given below for viewing and downloading.
The detailed FAQs issued by CBEC can be downloaded from the link given below.
Government of Punjab, Department of Excise & Taxation has vide its notification dated 17th November, 2015 reduced the rate of VAT on Automobiles to 12% and also vide its notifications dated 2nd December, 2015 reduced the rate of VAT on dry fruit to 4.95% and on LED light to 6.05% and rate of CST on paper board to 1%. The copy of the said notifications are given below for viewing and downloading.
Ministry of Corporate Affairs, Government of India vide its general circular No. 15/2015 dated 30.11.2015 has extended the last date of e-filing of form MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Companies Act, 2013 to 31st December, 2015 without payment of additional fees. The copy of the circular is reproduced here under for viewing and downloading.
Department of Excise & Taxation, Government of Punjab vide its public notice dated 19.11.2015 has extended due date of filing of annual VAT return, Form VAT-20 from present 20th November, 2015 to 30th November, 2015. The copy of the said Notification has been given below for viewing as well downloading.
Ministry of finance, Government of India vide its Service Tax notifications, numbering 21/2015 & 22/2015 has imposed 0.5% Swachh bharat Cess on services with effect from 15th November, 2015. The copy of both the above said notifications are given below for viewing as well downloading.
Download the above public notice from the link given below..
Government of India vide its press release date 1st October, 2015 extended the date for filing of Income tax returns and tax audit reports to 31st October 2015. The copy of press release is given below.
No Service tax on free Pick-up or Home delivery of food as it is being in the nature of "Sales" – Chandigarh Commissionerate.This has been clarified by the Chandigarh Commissionerate vide its letter C.No. ST-20/STD/Misc./Sevottam/62/12/4693 dated August 13, 2015 (“the Clarification”). The copy of the said letter is given below.
CBDT vide its Notification No. 61 dated 29th July, 2015 has notified the ITR forms ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7 for the Assessment Year 2015-16 related to Financial Year 2014-15. The new forms will be available for efiling shortly. The copy of the Notification is given below.
Central Board of Direct Taxes vide its notification No. 49/2015-INCOME TAX, Dated: June 22, 2015 has notified the income tax return forms ITR-1, ITR-2, ITR-2A & ITR-4S for filing return of income for the Assessment year 2015-16. The text of the said notification is given below. You can also download the copy of the said notification and copy of ITR forms notified from the links given below.
CBDT in its earlier press release mentioned that as the software for ITR forms is under preparation, they are likely to be available for e-filing by 3rd week of June 2015. Accordingly, the time limit for filing these returns for AY 2015-16 is proposed to be extended up to 31st August, 2015. A separate notification will be issued in this regard. Now CBDT has released this ORDER [F.NO.225/154/2015/ITA.II], DATED 10-6-2015 regarding extension of due date of filing Income Tax return for assessment year 2015-16. The said order is given below.
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