Direct Taxes

Rule 127 inserted to provide that service of notice, summons, requisition, order and other communication may be done by email. The Rule further provides the address at which the same can be served –

Notification No. 89 dated 2nd December 2015- Income-tax (18th Amendment) Rules, 2015

TDS on Salaries for Financial year 2015-16:

Circular No. 20 dated 2nd December 2015

CBDT increases the monetary limits for filing of appeals by the department before the ITAT and High Courts and SLP before the Supreme Court. CBDT has directed that the said instruction shall apply retrospectively to pending appeals and that all appeals below the specified tax limits should be withdrawn/ not pressed. However, appeals before the Supreme Court are to be governed by the limits operative at the time that the appeal was filed –

Circular 21 dated 10th December 2015

DTAA between India and Thailand notified-

Notification No. 88 dated 1st December 2015

The Government of India and the Government of Japan sign a Protocol for amending the existing DTAA –

PIB Press Release dated 11th December 2015

Rule 10D, 10THA, 10THB, 10THC, 10THD and Form 3CEFB amended to amend the safe harbour rules and to specify the information and documents required to be maintained by an eligible assessee. –

Notification No. 90 dated 8th December 2015- Income-tax (19th Amendment) Rules, 2015

Rule 12CB inserted and Form 64C prescribed , which is required to be furnished by the investment fund to the Income tax authorities.-

Notification No. 92 dated 11th December 2015- Income-tax (20th Amendment) Rules, 2015

Amendments to section 43B of the Act to be given effect to retrospectively in light of the Apex Court judgment in case of Alom Extrusions –

Circular no. 22/2015 dated 17.12.15

Rule 37BB amended and information for payment to non residents in Forms 15CA / 15CB and 15CC modified and simplified – Income tax (21st Amendment) Rules, 2015 dated 16.12.15 –