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Form No. 68 -Immunity from imposition of penalty- Section 270AA
MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 90/2016 New Delhi, the 05th October, 2016 S.O. 3150 (E).- In exercise of the powers conferred by section 29...
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Expenditure for obtaining right to use spectrum for telecom services
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 89/2016 New Delhi, the 4th October, 2016 INCOME-TAX S.O. 3145(E).-In exercise of the powers conferred by cl...
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FM invite Suggestions regarding changes in direct & indirect taxes
F.No.334/12/2016-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit Room No. 146G, North Block New Delhi, dated the 6th October, 2016 To Trade and Industry Association...
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GST council – Actions taken and agenda
As per the Constitution as amended, GST Council is required to be Constituted under article 279A of the Constitution which was so done by the President on 12th September, 2016 vide Notification dated...
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Sushil Chandra to be New CBDT Chief wef 01.11.2016
F .No. A-12026/20/2016-.Ad-1 Government of India Ministry of Finance Department of Revenue Dated the 5th October, 2016 OFFICE ORDER NO. 368/2016 The President of India is pleased to appoint Shri Sushi...
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CBI arrests ITO, inspector for accepting bribe
CBI ARRESTS AN INCOME TAX OFFICER AND INSPECTOR OF INCOME TAX IN A BRIBERY CASE The Central Bureau of Investigation has arrested an Income Tax Officer for accepting a bribe of Rs.Three Lakh and an Ins...
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CBDT Chairman Congratulate TEAM-Income Tax for success of IDS 2016
GOVERNMENT OF INDIA Ministry of Finance / Department of Revenue Central Board of Direct Taxes North Block, New Delhi – 110001 E-mail : chairmancbdt@nic.in Tel. No. 23092648 & Telefax : 23092544 RANI S...
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Reg. Exchange of Information from field officers in time barring cases
Government of India Ministry of Finance Foreign Tax & Tax Research Division Exchange of Information Cell, India F. No. 500/044/2016-FT&TR-III Dated: 3rd October, 2016 To, All the Pr. CCsIT/DGsIT(Inv)...
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IDS 2016- No disclosure of Break up based on trades/cities/states
Press Information Bureau Government of India Ministry of Finance 03-October-2016 17:44 IST CBDT committed to Strict Confidentiality under Income Declaration Scheme: 2016 While announcing the results o...
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CBDT Chairman Congratulate TEAM-Income Tax for success of IDS 2016
GOVERNMENT OF INDIA Ministry of Finance / Department of Revenue Central Board of Direct Taxes North Block, New Delhi – 110001 E-mail : chairmancbdt@nic.in Tel. No. 23092648 & Telefax : 23092544 RANI S...
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Income Declaration Scheme 2016 unearths Rs. 65250 Crore
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 1st October, 2016. Press Release Sub: Income Declaration Scheme 2016 unearths Rs.65250 Crore of H...
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CBDT amends format of 3CD Report wef 01.04.2017
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICAT...
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CBDT notifies ICDS Applicable from Assessment Year 2017-18
CBDT has vide notification No. 87/2016 notifies following income computation and disclosure standards applicable from A.Y. 2017-18- 1. Accounting policies 2. Valuation of inventories 3. construction c...
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CBDT rescinds ICDS notified in 2015
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) Notification 86/2016-Income Tax New Delhi 29th September, 2016 S.O. 3078(E). – In exercise of the powers...
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ICDS X- Provisions, Contingent Liabilities & Assets wef A.Y. 2017-18
Income Computation and Disclosure Standard X relating to provisions, contingent liabilities and contingent assets Preamble This Income Computation and Disclosure Standard is applicable for computation...
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ICDS IX Borrowing Costs wef A.Y. 2017-18
Income Computation and Disclosure Standard IX relating to borrowing costs Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Pr...
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ICDS VIII Securities Preamble wef A.Y. 2017-18
Income Computation and Disclosure Standard VIII relating to securities Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head “Profi...
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ICDS VII Government Grants wef A.Y. 2017-18
Income Computation and Disclosure Standard VII relating to government grants Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the head...
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ICDS VI Effects of changes in foreign exchange rates wef A.Y. 2017-18
Income Computation and Disclosure Standard VI relating to the effects of changes in foreign exchange rates Preamble This Income Computation and Disclosure Standard is applicable for computation of inc...
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ICDS V Tangible Fixed Assets wef A.Y. 2017-18
Income Computation and Disclosure Standard V relating to tangible fixed assets Preamble This Income Computation and Disclosure Standard is applicable for computation of income chargeable under the hea...