-
Income Computation & Disclosure Standard
Brief on Income Computation & Disclosure Standard Existing Scenario – Under Provisions of Sec. 145(2), Two Tax Accounting Standards have been notified on 25th January 1996 – Disclosure of Accounting P...
-
Postings / transfers in the grade of Assistant /DCIT of 75 officers
F.No, A-22013/2/2016-Ad-VI (Part-II) Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi-110 001. Date: 02.06.2016. Order No. 104 of 20...
-
Due date of filing statement for TDS on Sale of Property extended
Due date of filing statement for deduction of tax at source (TDS) on Sale of Property u/s 194-IA has been extended to 30 days from 7 days CBDT has vide Notification No. 39/2016 dated: 31/05/2016 has e...
-
CBDT releases utility for Income Declaration Scheme, 2016
Form 1 is available for e-Filing. To download Form 1, go to Downloads -> Forms (Other than ITR) -> Form1. As per Income Declaration Scheme, 2016, the declaration of undisclosed income is to be filled...
-
Bad Debt admissible if written off as irrecoverable in books: CBDT
GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NEW DELHI CIRCULAR NO. 12/2016, Dated: May 30, 2016 Subject:- Admissibility of claim of deduction of Bad Deb...
-
CBDT Notifies Equalisation levy Rules, 2016
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 38/2016 New Delhi, 27th May, 2016 EQUALISATION LEVY RULES, 2016 S.O. 1905(E) – In exerc...
-
CBDT notifies date of Applicability of Equalisation Levy
[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) NEW DELHI N...
-
CBDT Notifies Direct Tax Dispute Resolution Scheme Rules, 2016
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION NO. 35/2016 New Delhi, the 26th May, 2016 S.O. 1903 (E). – In exercise of the powers conferred by sub-sections (1) and (2)...
-
Last date for filing deceleration under Direct Tax Dispute Resolution Scheme
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION NO. 34/2016 New Delhi, the 26th May, 2016 S.O. 1902(E).– In exercise of the powers conferred by section 202 of the Finance...
-
Revised PAN & TAN application fees wef 01.06.2016
PAN Card Application Revised Fee from 01/06/2016 As per NSDL notice, the PAN Card application fees have been revised as under: 1. For dispatch of PAN card in India:- Rs. 107 (inclusive of service tax)...
-
CBDT invites comment on Implementation of GAAR
F No 370149/89/2016-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Dated: the 27th May, 2016 PRESS RELEASE Subject: Implementation of General Anti Av...
-
Income Declaration Scheme 2016: In a nutshell
Brief on Income Declaration Scheme 2016 In the latest move, the GOI has come up with a scheme called Income Declaration Scheme 2016. The scheme is a move by the GOI to collect the revenue and at the s...
-
Transfer Pricing Documentation: Convergence with BEPS Action Plan
OECD stands for Organization for Economic Co-operation and Development. It is an international organization comprising of 34 countries with an objective to stimulate economic progress and world trade....
-
Clarifications for implementation of FATCA and CRS
F.No. 504/632/12015-FT&TR-III(1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Foreign Tax & Tax Research Division) Dated 26th May, 2016 Subiect: Clarifi...
-
E-filing of CIT appeals – Due Date Extension to 15.06.2016
F No. 279/Misc/M-54/2016/ITJ Government of India Ministry of Finance Department of revenue Central Board of Direct Taxes New Delhi, dated 26th May, 2016 Subject: E-filing of appeals: Extension of time...
-
CBDT notifies jurisdiction for Income Declaration Scheme, 2016
F.No I87/10/2016.ITA.I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Income-Tax) Circular No. 19/2016 New Delhi, the 25th May,2016 Income Declaration Sch...
-
Publish names of tax defaulters in Public domain every Year: CBDT
F.No, 404/02/2011-ITCC Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes * * * New Delhi, the 24th May,2016. To, An Pr. Chief Commissioners of Income Tax/CCsI...
-
Furnishing of UID in Form 15G/15H for Q3 & Q4 of FY 2015-16
F.No 142/32/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Circular No 18/2016– Dated 23rd, May 2016 Sub: Relaxation for Furnishing...
-
Optional Paperless / e-assessment in Hyderabad & Kolkata
F.No.225/267/2015/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi Dated: 23rd May 2013 To, The Pr. Chief Commissioner of Income Tax, Ahmeda...
-
FAQs / Clarifications on Income Declaration Scheme, 2016
14 FAQs / Clarifications on Income Declaration Scheme, 2016 Circular No. 17 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL...