INCOME TAX: 

The number of PAN Card holders in the country as on 17.2.2014 is 20.24 crores. Identification of bogus/duplicate PAN Card is an integral part of the data management system. In order to ensure that bogus PAN cards are not issued, the Income-tax Department has started capturing Aadhar number. So far, 9.73 lakhs PAN have been issued where Aadhar has been captured and seeded in PAN database for maintain uniqueness.

CBEC: 

As per Section 67A of the Finance Act, 1994 read with explanation to Section 14 of the Customs Act, 1962, rate of exchange for calculation of gross value of taxable service tax would be the rate, as determined by CBEC for the conversion of foreign currency into Indian currency or vice versa, applicable on the date on which taxable service has been provided or agreed to be provided. The Notification issued by CBEC in this context containing the Rates of Exchange is applicable from February 21, 2014.

CUSTOMS ACT: 

In exercise of powers conferred by clause (a) of section 81 of the Customs Act, 1962, the Central Board of Excise and Customs makes the following regulations further to amend the Customs Baggage Declaration Regulations, 2013, namely:-
(i) in sl. no 6, for the words “Number of Baggage”, shall be replaced by “Number of Baggages (including hand baggages)”.;
(ii) in sl. no 10, in item (vii), for the figures “7,500”, the figures “10,000” shall be substituted.

The detailed notification can be viewed at http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2014/cs-nt2014/csnt10-2014.htm

INCOME TAX: 

Central Board of Direct Taxes, in exercise of its powers under section 119 of the Act clarifies that additional income-tax under Section 115R(2) of the Act is to be levied on income distributed by way of dividend to unit-holders of mutual funds or specified companies and receipts from redemption/repurchase of units or allotment of additional units by way of bonus units would not be subjected to levy of additional income tax under that section. The details can be downloaded from http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=CIR&schT=&csId=7114f7d4-1326-4315-817b-8035295ff06b&crn=&yr=ALL&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws