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Income Tax Department suspends a DCIT for harassing taxpayer
Press Information BureauGovernment of IndiaMinistry of Finance08-December-2017 12:43 ISTIncome Tax Department suspends an officer for harassing the taxpayer A complaint was received making serious all...
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Step up collections from arrear & current Recovery surveys: CBDT to Officers
GOVERNMENT OF INDIAMinistry of Finance/ Department of RevenueCentral Board of Direct TaxesNorth Block, New Delhi- 110001E- mail: chairmancbdt@nic.inTele: 23092648 & Telefax: 23092544SUSHIL CHANDRAChai...
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Empower NCLT to grant tax relief on waiver of interest on stressed assets
The National Company Law Tribunals (NCLTs) should be empowered by law to grant relief on any tax that may be imposed on any waiver of accrued interest with regard to stressed assets referred for resol...
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FICCI demands across the board Income Tax rate cut in 2018-19 budget
FICCI has suggested Finance Minister Mr. Arun Jaitley to consider across the board tax rate cuts for businesses and individuals in the Budget for 2018-19 to spur domestic investment and demand.FICCI P...
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Cut corporate tax; raise exemption limits for salaried employees: ASSOCHAM to FM
Making out a strong case for slashing of corporate tax to 25 per cent, the ASSOCHAM President Mr Sandeep Jajodia said in his presentation before Finance Minister Mr Arun Jaitley tax exemption limits f...
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Reduce DDT and bring down maximum rate of Income Tax to 20%- Budget Suggestions
The Union Minister of Finance and Corporate Affairs Shri Arun Jaitley holds his 3rd Pre-Budget Consultation Meeting with representatives of Indian Trade and Industry in Delhi today; Asks the Business...
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Give various tax reliefs to plantation companies for expenses incurred by them to provide welfare facilities to workers
Press Information BureauGovernment of IndiaMinistry of Finance05-December-2017 19:00 ISTThe Union Finance Minister Shri Arun Jaitley starts his Pre-Budget Consultations with stakeholders; Holds his Fi...
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Raise Income Tax ceiling to Rs.5 Lakh and Rs.8 Lakh for Senior citizens
Press Information BureauGovernment of IndiaMinistry of Finance05-December-2017 20:16 ISTThe Union Finance Minister Shri Arun Jaitley holds his 2nd Pre-Budget Consultation Meeting with the representati...
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Form CRA-4 filing due date extended to 31st December, 2017 by MCA
General Circular No. 15/2017 F. No. 52/28/CAB/2017 Government of India Ministry of Corporate Affairs 5th Floor, ‘A’ Wing, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi-1 Dated the 04th December,...
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CBDT signs two Indian APAs with Netherlands in November, 2017
Press Information BureauGovernment of IndiaMinistry of FinanceDate: 01-December-2017Central Board of Direct Taxes (CBDT) signs two Indian Advance Pricing Agreements (APAs) in November, 2017 The Centra...
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Unauthorized expansion of scope of limited scrutiny- CBDT suspends officers
F.No. DGIT(Vig.)/HQ/SI/2017-18Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi-110001Dated: 30th November, 2017Subieet: Unauthorized expansion of the s...
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Clarification to pensioners about suggestion to hike exemption limit to Rs. 5 Lakhs
Clarification to pensioners about the hike in exemption limit to Rs 5 Lakhs from Minister of State for Finance Shri. Shiva Pratap Shukla by his letter dated 14th November 2017.Shiva Pratap ShuklaD.O....
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Acceptance of Transfer Pricing MAP and bilateral APA – Reg.
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 27th November, 2017.PRESS RELEASEClarification of India’s position on the acceptance of MAP and bilat...
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Issues on implementation of MAT provisions for Ind AS companies
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesPRESS RELEASENew Delhi, 25th July, 2017.Issues arising from the implementation of Minimum Alternate Tax (MAT) pr...
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List of cases in which insolvency/liquidation proceedings started under IBC-2016
Off : 011-23411993Fax: 011-23413218Immediate Top PriorityOFFICE OF THE ADDL. DIRECTOR GENERAL OF INCOME TAX (RECOVERY & TDS)Income Tax Department6th Floor Mayur Bhawan, Connaught Circus,New Delhi-1100...
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Scrutiny assessments of revised/belated returns post-demonetisation
FOR DEPARTMENTAL USE ONLYF. No. 225/391/2017/ITA.IIGovernment of IndiaMinistry of Finance Department of Revenue (CBDT)North Block, New Delhi, the 24th of November, 2017ToAll Principal Chief-Commission...
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CBDT Invites Suggestions on Review of Citizen’s Charter 2014
Dear Professional Colleague,We wish to inform you that the CBDT is in process of reviewing/revisiting the Citizen’s Charter 2014 which is due for review in 2017. The Citizen’s Charter 2014 containing...
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Order No. 204/2017: Proforma promotion of officers to Principal CIT grade
F. No. A-350151/17/2017-Ad. VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi,The 21st November. 2017.ORDER NO. 204 OF 2017In continuat...
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Govt sets up Tax Force to draft new direct tax legislation
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes* ** ** * *New Delhi, 22nd November, 2017PRESS RELEASE Constitution of Task Force for drafting a New Direct Tax...
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Guidance Note on Transfer Pricing Report U/s. 92E of Income Tax Act, 1961
ICAI has released the 6th Edition (November 2017) of the Guidance Note on Report Under Section 92E of the Income Tax Act, 1961 (Transfer Pricing). This Guidance Note was previously revised in February...