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Order No. 201 of 2016- Promotion order in the grade of CCIT
F. No. A-32011/2/2012-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block. New DelhiDate: 20.12.2016.Order No. 201 of 2016With the approval of th...
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CBDT committee to suggest effective scrutiny assessment measures
FTS-300315894/2016Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesOffice MemorandumNew DelhiDate 19 December, 2016Sub: Constitution of Committee to give recomme...
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Step up efforts to recover outstanding demand- CBDT
SUSHIL CHANDRAChairman, CBDT &Special Secretary of The Government of IndiaF.No.385/17/2016-IT (B)GOVERNMENT OF INDIAMinistry of Finance/ Department Of RevenueCentral Board of Direct TaxesNorth Block,...
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CBDT enables processing of unprocessed returns having refund claims
Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)AST INSTRUCTION NO.142DATED 9-12-2016Functionality for processing of returns for AY 2007-08 to 2011-12 having...
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Enhancements & Improvements to Income Tax e-Nivaran Module
F.No. System/ITBA/Instruction/e-Nivaran/2016-17/Dated: 14/12/2016ToAll Principal Chief Commissioners of Income Tax/ CCsIT (By Name),All Principal Director Generals of Income Tax/DGIT (By Name)All Prin...
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Measures for Promoting Digital Payments & Creation of Less-Cash Economy: Benefit of lowerrate of Income Tax on digital turnover for small businesses
No Tax on Digital Turnover up to 66 Lakh after section 80C benefit Measures for Promoting Digital Payments & Creation of Less-Cash Economy: Benefit of lowerrate of Income Tax on digital turnover for s...
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No estimation of black money either before or after demonetisation
GOVERNMENT OF INDIAMINISTRY OF FINANCELOK SABHASTARRED QUESTION NO: 433ANSWERED ON: 16.12.2016Black MoneyANANT KUMAR DATTATREYA HEGDEWill the Minister ofFINANCE be pleased to state:-(a) whether the Go...
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CBDT have well-established mechanism to deal with Audit Objections
LOK SABHAUNSTARRED QUESTION NO. 5042TO BE ANSWERED ON FRIDAY, THE 16TH DECEMBER, 2016Agrahayana 25, 1938 (Saka)IRREGULAR TAX BENEFITS5042. SHRI B VINOD KUMAR:Will the Minister of Finance be pleased to...
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Tax Levied on Air Services Companies
Government of IndiaMinistry of FinanceDepartment of RevenueLOK SABHAUNSTARRED QUESTION NO. 4862TO BE ANSWERED ON FRIDAY, DECEMBER 16 2016AGRAHAYANA 25, 1938 (SAKA)TAX LEVIED ON AIR SERIVCE COMPANIES48...
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India & Switzerland signs agreement for auto exchange of info
GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE***LOK SABHAUNSTARRED QUESTION NO. 4971TO BE ANSWERED ON FRIDAY, THE 16TH DECEMBER, 2016AGRAHAYANA 25, 1938 (SAKA)AUTOMATIC EXCHANGE OF INFOR...
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No instruction by RBI to issue ATM Slip in Regional Languages
GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF FINANCIAL SERVICESLOK SABHAUNSTARRED QUESTION No. 5028TO BE ANSWERED ON 16th DECEMBER, 2016 (FRIDAY)ATM Slip in Regional LanguagesSHRI D.S. RATHOD:W...
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CBDT notifies authority U/s. 138(1)(a) of Income tax Act, 1961
F.No. 225/305/2016/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenue (CBDT)North Block, New Delhi, the 19thof December, 2016OrderIn exercise of powers conferred under section 138(1)(a)...
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Government decides to reduce existing rate of deemed profit U/s. 44AD
Government decides to reduce the existing rate of deemed profit under section 44AD of the Income Tax Act in respect of amounts/receipts through banking channel/digital meansUnder the existing provisio...
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Response to Common queries of CIT(Appeals) – reg.
Issues raised by CIT (Appeals (Responses are below the issue mentioned)a) Deletion: The ITBA module has no option to delete the duplicate appeals (arising out of various reasons like mentioning of dif...
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Reports on Privilege to political parties are false & misleading
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 17th December 2016.Press ReleaseSub: Clarification of Status of Political Parties under Income Tax Ac...
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No new exemption to Political parties post demonetisation : FM
Statement by Finance Minister Shri Arun JaitleyFollowing is the statement by Union Minister for Finance and Corporate Affairs Shri Arun Jaitley:“Political parties have not been granted any exemption p...
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Pradhan Mantri Garib Kalyan Yojana Rules, 2016
Analysis of Pradhan Mantri Garib Kalyan Yojana Rules, 2016 Major Amendments made in Income Tax post 8th Nov 2016 and Pradhan Mantri Garib Kalyan Yojana Rules, 2016–1. Income-tax (30th Amendment) Rules...
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Corrigendum to Income Tax Notification No. 114/2016
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)CORRIGENDUMNotification No. 119/2016New Delhi, the 16th December, 2016S.O. 4082(E).—In the notification of Government of India,...
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CBDT notifies authority for section 138(1)(a)(ii) of Income Tax Act, 1961
TO BE PUBLISHED IN PART 11, SUB-SECTION (11) OF SECTION 3 OF THE GAZETTE OF INDIA)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, the 16th of Decembe...
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Taxation Laws (Second Amendment) Act, 2016 get President’s assent
Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (the Scheme)The Taxation Laws (Second Amendment) Bill, 2016, passed by Lok Sabha on 29.11.2016, interalia seeks to introduce...