1. Direct Tax Press Release dated 29th August 2016 -The Protocol amending DTAA between India and Mauritius was signed by both countries on 10th May, 2016. The Protocol was entered into force in India on 19th July, 2016 and has been notified in the Official Gazette on 11th August, 2016.
2. Search and Survey operations and Income Declaration Scheme – Circular No. 32 dated 1st September 2016
Wherever in the course of search under section 132 or survey operation under section 133A of the Act, any document is found as a proof for having already filed a declaration under the Income Declaration Scheme, including acknowledgement issued by the Income-tax Department for having filed a declaration, no enquiry would be made by the Income-tax Department in respect of sources of undisclosed income or investment in movable or immovable property declared in a valid declaration made in accordance with the provisions of the Scheme.
3. Press Release dated 5th September 2016 – Income Declaration Scheme 2016
– Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions
4. RBI Circular DBR.No. Leg.BC. 13-09.07.005-2016-17 dated 8 September 2016
– RBI has instructed the banks to accept cash deposits from all the declarants under the Income declaration Scheme irrespective of amount, over the counters, for making payment under the Scheme through challan ITNS-286.
5. Order F.No.225-195-2016-ITA-II dated 9th September 2016
– Due-date provided under section 139(1) for furnishing return of Income and obtaining Tax Audit Report extended from 30th September, 2016 to 17th October, 2016.
6. Further Clarifications on the Direct Tax Dispute Resolution Scheme, 2016
– Circular No. 33 dated 12th September 2016 and Instruction no 8 dated 15 September 2016
7. Circular No. 34 dated 21st September 2016 – where a declaration is made under the Income Declaration Scheme for years, which are not under assessment on an identical issue which is pending in assessment under section 143(3)/147 of the Act , no penalty or prosecution be initiated against such person if he offers to pay the tax and interest, on such issue for the year pending in assessment under section 143(3)/147
8. Procedure for generation of scrutiny notices under Section 143(2) for limited and full scrutiny under CASS
– Instruction No. 3 dated 16.09.2016
9. Revised guidelines for engagement of standing counsels and schedule of fees payable to them
– Instruction no. 6 and 7 dated 7 September 2016
10. Procedure for issue of NOC , voyage return and voyage assessment in case of foreign shipping companies
– Circular No. 30/2016 dated 26th August 2016
