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Govt clarifies on requirement of furnishing Country-by Country Report
The Government of India issues clarification regarding requirement for furnishing of Country-by Country Report under Section 286(4) of Income Tax Act, 1961.In keeping with India’s commitment to implem...
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Tax payer is your partner, not your adversary: President to IRS Officers
President Kovind addresses officer-trainees of the 71st batch of the Indian Revenue Service at Rashtrapati Bhavan; says India’s tax to GDP ratio needs to improve, but it has to be done by persuasion,...
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Notices U/s. 142(1)(ii) & (iii) of Income Tax Act 1961 in revised format
DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055F. No. System/ITBA/Assessment/Notice 142(1)/2017-18 Dated: 19-03-2018To,All Principal Chief Co...
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Cabinet approves revision of DTAA between India and Qatar
Cabinet approves revision of the Agreement between India and Qatar for the avoidance of double taxationand for the prevention of fiscal evasion with respect to taxes on incomeThe Union Cabinet chaired...
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India & Hong Kong sign Double Taxation Avoidance Agreement
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 19th March, 2018.PRESS RELEASEIndia and Hong Kong sign Double Taxation Avoidance Agreement (DTAA)On 1...
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Task Force for drafting a New Direct Tax Legislation
Questionnaire for inviting suggestions and feedback on the Income-tax Act, 1961 from the stakeholders and general publicTask Force to draft a New Direct Tax Law(Suggestions and Feedback from Stakehold...
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Demo and GST led to slow growth of India’s trade: ASSOCHAM-Deloitte study
Blockchain tech can resolve inefficiencies in Indias current trade finance system: ASSOCHAM-Deloitte studyImplementing digital technologies such as blockchain, artificial intelligence (AI), machine le...
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Launch of Income Tax Business Application – Investigation Module Phase 4
ITBA- Investigation Instruction No. 5DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,New Delhi –110055F.No. System/ITBA/Instruction/Investigation/<… >/201 7-18Da...
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Government Nomination in Disciplinary Committee Bench II and III of ICAI
No.1-CA(10)/199/201814th March, 2018ALL MEMBERS OF THE COUNCILDear Sir,Sub: Government Nomination on the Bench II and Bench III of the Disciplinary Committee [Under Section 21B] I wish to inform that...
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Cabinet approves DTAA between India and Iran
Cabinet approves Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and IranThe Union Cabinet, chaired by Prime Minister Shri Narendra Modi has approved an A...
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CBDT amends Income Tax Notification No. 49/2015 with retrospective effect
vide notification no. 14/2018 dated: 13th March, 2018MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 14/2018New Delhi, the 13th March, 2018G.S.R. 221(E).—In e...
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Significant changes made in Finance Bill, 2018 as passed by the Lok Sabha
The Finance Bill, 2018 proposed a Proviso to Explanation 2A to section 9 to provide that the transactions or activities shall constitute significant economic presence in India, whether or not the non-...
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Linking of Aadhaar with PAN Cards reaches 16.66 Crore
Press Information BureauGovernment of IndiaMinistry of Finance09-March-2018 17:58 ISTLinking of Aadhaar with PAN Cards As per the latest available information as on 05.03.2018, number of Aadhaar cards...
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CIT (Appeals) should timely issue & dispatch appellate orders
F.No. DGIT(Vig.)/HQ/SI/Appeals/2017-18/9959Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi-110001Dated: 8th March, 2018Subject: Irregularities in Appe...
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Variance in Appeal statistics generated in CIT(A) module of ITBA- reg.
MOST URGENTF.No. 279/Misc./M-133/2017-(ITJ)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesAudit & Judicial Division*****New Delhi, Dated: 7th March, 2018To, All P...
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Direct Tax collections for F.Y. 2017-2018 show growth of 19.5%
Press Information Bureau Government of IndiaMinistry of Finance08-March-2018 17:10 ISTDirect Tax collections for F.Y. 2017-2018 show growth of 19.5% up to February, 2018 The provisional figures of Dir...
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Conduct of Assessment Proceedings in scrutiny cases electronically-reg.
DIRECTORATE OF INCOME TAX (SYSTEMS) ARACenter, Ground Floor, E-2, Jhandewalan Extension, New Delhi- 110055 F.No. Pr.DGIT (Systems)/ADG(S)-4/E-Assessment/2017-18 Dated: 23/02/2018 To, All Principal Chi...
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Pendency of processing u/s 143(1) for ITR paper and E-filed Returns
DIRECTORATE OF INCOME TAX (SYSTEMS) ARACenter, Ground Floor, E-2, Jhandewalan Extension, New Delhi—110055 F.No: DGIT(S)-3/AST/Processing of CASS Cases/101/2016-17/2 Date: 23.02.2018 Sir/Madam, Subject...
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CBI arrests Income Tax Inspector for accepting bribe of Rs. One Lakh
CBI Press Release- New Delhi, 06.03.2018 The Central Bureau of Investigation has today arrested an Inspector of Income Tax, Ward-1(1), Vanijya Nikunj, Udyog Vihar, Phase-V, Gurgaon (Haryana) for deman...
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CBDT Order No. 34 of 2018 appointing 5 ITOs to ACIT Post
No.A-32013/5/2016-Ad.VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block. New Delhi. Order No. 34 of 2018 The 28th February, 2018. The Presiden...