In a Clarificatory Circular No 22/2016, dated 8th June 2016, the Central Board of Direct Taxes clarified Amendment in Section 206C vide Finance Act 2016. The one percent tax collection at source introduced in this

In a Circular No. 1031/19/2016-CX dated 14th June 2016, the Ministry of Finance has clarified Levy of excise duty only on readymade garments and made articles of textiles bearing a brand name or sold under

The Income Declaration Scheme, 2016 provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme came into effect on

The Central Board of Indirect Taxes and Customs ( CBIC ) has issued Circular No. 03/2024-Customs dated March 08, 2024, requiring Custodian CCSP-CFS/AFS/ICD under the Handling of Cargo in Customs Area Regulations ( HCCAR ),

In a move aimed at addressing challenges faced by taxpayers, the Government of India, under the Ministry of Finance and the Department of Revenue, has issued Circular No. 04/2024, extending the due date for filing

The Central Board of Indirect Taxes and Customs ( CBIC ), promoting gender inclusivity in international trade has issued Circular No. 2/2024-Customs dated March 8th, 2024. The board has recommended measures to encourage greater participation

The Central Board of Indirect Taxes and Customs (CBIC), vide circular no. 27/2023-Customs issued on 1st November 2023 has authorised 170 more booking post offices to accept the consignments for export. The circular states as

ICMAI has released a circular outlining the documentation requirements for participating in the December 2023 term-end examinations. Read More: ICMAI releases Admit Cards for December 2023 Examination This is based on the undertakings submitted by

The Central Board of Excise and Customs (CBEC) on Tuesday issued a circular regarding implementation/monitoring of Bio-metric attendance of employees with an aim to ensure punctuality in field formation of the Board. A letter regarding

The Income Tax Appellate Tribunal ( ITAT ), Hyderabad bench has held that the National faceless Appeal Centre (NFAC) is bound to follow the circulars of the Central Board of Direct Taxes (CBDT). The assessee,

The Central Board of Direct Taxes ( CBDT ) has issued Circular No. 02/2024 dated March 05, 2024, providing relief to trusts and institutions that submitted incorrect audit reports for the Assessment Year (A.Y.) 2023-24.

The Government of India has established the Sixteenth Finance Commission ( SFC ) on 31.12.2023, with a tenure extending until October 31, 2025. As part of its operational setup, the Commission is seeking applications from

The Central Board of Indirect Taxes and Customs (CBIC) has issued a circular modifying the procedure for interception of conveyance under the Goods and Services Tax (GST) regime. In order to ensure a uniform implementation

The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that the fertilizers supplied for direct use as fertilizers, or supplied for use in the manufacturing of other complex fertilizers for agricultural

The Insolvency and Bankruptcy Board of India (IBBI), on Monday has rescinded various earlier circulars issued by IBBI by exercising its power under Section 196 of the Insolvency and Bankruptcy Code, 2016, with immediate effect.