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Postings/transfers in the grade of ADIT/JCIT
Postings/transfers in the grade of Additional/Joint Commissioner of Income Tax – reg. F.No. A-22011/1/2016-Ad-VI Government Of India Ministry of Finance Department of Revenue (Central Board of Direct...
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Publicity for Income Declaration Scheme-2016
FTS-300298634/2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi. dated the 23rd June, 2016 OFFICE MEMORANDUM Subject: Publicity Campaign for In...
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Corrigendum to Income Tax Notification Number 46/2016
MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 52 /2016 (Income-tax) CORRIGENDUM New Delhi, the 23rd June, 2016 S.O. 2185(E).-In the notification of the G...
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CBDT notifies dates for General Anti Avoidance Rule
CBDT notified that MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 49/2016-Income Tax New Delhi, the 22nd June, 2016 S.O. 2179(E).-In exercise of the power...
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S. 10(23EE) CBDT notifies Core Settlement Guarantee Fund of NSCCL
MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) (Income-tax) NOTIFICATION NO. 51/2016 New Delhi, the 23rd June, 2016 S.O. 2184(E).-In exercise of the powers conferred by clau...
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S. 10(23EE) CBDT notifies Core Settlement Guarantee Fund of ICCL
CBDT notifies Core Settlement Guarantee Fund, set up by Indian Clearing Corporation Limited (ICCL), Mumbai for the purpose of clause (23EE) of section 10 of the Income-tax Act, 1961 MINISTRY OF FINANC...
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CBDT Strategies regarding Income Declaration Scheme, 2016
Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 22nd June, 2016 OFFICE MEMORANDUM In continuation to the letter F. No. 385/01/2015-IT(B) dated 31st May, 2016 of Memb...
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Cabinet approves amendment in DTAA with Belgium
Press Information Bureau Government of India Cabinet 22-June-2016 16:06 IST Cabinet approves Protocol amending the Agreement for avoidance of double taxation and prevention of fiscal evasion with Belg...
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FATCA Rules for registration, due diligence & information maintenance
The Rule 114H of the Income-tax Rules, 1962 (the Rules) has been amended vide Notification No.48/2016 [S.O.2151(E)] dated 20th June 2016. In order to provide sufficient time to the reporting Financial...
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No TDS on payment to payment systems company authorised by RBI
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the Dated: 17th June, 2016 Notification No. 47/2016 INCOME TAX S.O. 2143(E).—In exercise of the powe...
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No TDS on S. 10(23DA) payment received by securitisation trust
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No. 46/2016 New Delhi, the 17th June, 2016 INCOME-TAX S.O. 2142(E).—In exercise of the powers conferred by sub-...
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Clarification regarding News Report on Tax Defaulter Arrest
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 21st June, 2016. Sub: – Clarification regarding News Report on Arrest of Tax Defaul...
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CBDT Clarification on Threshold Limit of tax audit U/s. 44AB & 44AD
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, the 20th June, 2016 Sub: Threshold Limit of tax audit under section 44AB and sectio...
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CBDT Strategy for Improving Advance Tax Collection for 2016-17
STRATEGY FOR IMPROVING ADVANCE TAX COLLECTION As per the provisional figures, during Financial Year 2015-16, advance tax contributed Rs.3,56,601 crore to the overall gross direct taxes collection of R...
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CBDT strategy to augment revenue through TDS for 2016-17
TAX DEDUCTION AT SOURCE TDS is a non-obtrusive but powerful instrument to prevent tax evasion as well as to expand the tax net. TDS also minimizes tax avoidance by the taxpayer (income earners), as th...
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How CBDT plans to add new Taxpayers in 2016-17
STRATEGY TO ADD NEW TAX PAYERS Background 1. Revenue augmentation through Widening of tax base has been a constant endeavour of the Income Tax Department. Organized data collection in the department i...
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CBDT Strategy for Recovery of Arrears of Tax Demand for 2016-17
STRATEGY FOR RECOVERY Since the very beginning, the focus needs to be on the reduction of Arrear Demand by de-duplication of the entries and cleansing the arrear demand data. Priority should be accord...
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CBDT Strategy for Disposal of Appeal filed with CIT(A)
STRATEGY FOR APPELLATE FUNCTIONS 1. In accordance with the mandate of national litigation policy, 2010 several steps to reduce litigation have been taken by the Board, with the result, the pendency of...
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CBDT Advisory to improve Tax Administration for 2016-17
CBDT Advisory to PR CCsIT / DsGIT / CCsIT, PR CsIT / CsIT and ADDL CsIT/JCsIT ADVISORY TO SUPERVISORY AUTHORITIES 1. PrCCsIT/DsGIT/CCsIT The PrCCsIT/DsGIT/CCsIT are the leaders of their respective reg...
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Major Take Aways from Annual Conference of Tax Administrators
Press Information Bureau Government of India Ministry of Finance 18-June-2016 12:05 IST “Rajswa Gyansangam- Annual Conference of Tax Administrators-2016”concludes; Major Take Aways from two day “Annua...