Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: TDS :: form 3cd :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: cpt :: ACCOUNTING STANDARDS :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: articles on VAT and GST in India :: empanelment :: TAX RATES - GOODS TAXABLE @ 4%
News Headlines »
 Make your inventory and invoicing software GST Ready from Binarysoft
 Filing income-tax returns gets simpler for salaried persons
 Ten rules you must follow while filing income tax returns
 Reforming the income tax tribunal
 How the new system might impact consumers and businesses
 10 ways you get benefited from filing your tax return
 Returns under CGST Act,2017 with Rules
 Ten facts to know about filing income tax return this year
 The Ten Commandments of Tax Filing
 How to claim income tax refund
 How to time your buys to have best of two tax regimes

Income-tax (Twelfth Amendment) Rules, 2015
August, 20th 2015
                         SECTION 3, SUB-SECTION (ii)]

                           GOVERNMENT OF INDIA
                            MINISTRY OF FINANCE
                          DEPARTMENT OF REVENUE
                      [CENTRAL BOARD OF DIRECT TAXES]



                                                    New Delhi, the 17th August, 2015

S.O. 2240(E).- In exercise of the powers conferred by Explanation 2 to clause (1)
of section 6 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the
Central Board of Direct Taxes hereby makes the following rules further to amend
the Income-tax Rules, 1962, namely:-

1.     (1) These rules may be called the Income-tax (Twelfth Amendment) Rules,
       (2) They shall come into force with retrospective effect from the 1st day of
       April, 2015.

2.     In the Income-tax Rules, 1962, in Part XV, after rule 125, the following rule
shall be inserted, namely:-

`126. Computation of period of stay in India in certain cases. - (1). For the
purposes of clause (1) of section 6, in case of an individual, being a citizen of India
and a member of the crew of a ship, the period or periods of stay in India shall, in
respect of an eligible voyage, not include the period computed in accordance with
sub-rule (2).
(2). The period referred to in sub-rule (1) shall be the period beginning on the date
entered into the Continuous Discharge Certificate in respect of joining the ship by
the said individual for the eligible voyage and ending on the date entered into the
Continuous Discharge Certificate in respect of signing off by that individual from the
ship in respect of such voyage.

Explanation: For the purposes of this rule,-
      (a) "Continuous Discharge Certificate" shall have the meaning assigned to it
      in the Merchant Shipping (Continuous Discharge Certificate-cum-
      Seafarer's Identity Document) Rules, 2001 made under the Merchant
      Shipping Act, 1958 (44 of 1958);
      (b) "eligible voyage" shall mean a voyage undertaken by a ship engaged in
      the carriage of passengers or freight in international traffic where-
             (i)     for the voyage having originated from any port in India, has as
                     its destination any port outside India; and
             (ii)    for the voyage having originated from any port outside India,
                     has as its destination any port in India.'.

                               [Notification No. 70/2015/ F.No.142 /12/2015-TPL]

                                                                  (Amit Katoch)
                                    Under Secretary (Tax Policy and Legislation)

Note. - The principal rules were published vide notification S.O. 969 (E), dated the
26th March, 1962 and last amended vide notification S.O. 2155(E), dated the 7th
August, 2015.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions