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CBDT - The Income Declaration Scheme 2016 to open from 1st June 2016.
PRESS RELEASE New Delhi, 14 th May, 2016 Subject: The Income Declaration Scheme 2016 to open from 1st June 2016. The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016...
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CBI arrests a Tax Assistant for bribe in lieu of TDS refund
CBI ARRESTS AN ADFM OF RAILWAY AND A TAX ASSISTANT IN SEPARATE CASES OF BRIBERY The Central Bureau of Investigation has today arrested an Additional Divisional Financial Manager (ADFM) of South East C...
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Analysis of Amendment to India-Mauritius DTAA
Article wise analysis of Amendment to India-Mauritius DTAA Article wise analysis of Protocol – Amendment to India-Mauritius Double Taxation Avoidance Agreement 1. On 10th May 2016, the Government of I...
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Registration process for online TDS/TCS return filing & upload
Step by step process of registration for online TDS/TCS return filing and upload 1. First of all, allow the pop-ups in your browser (following is the screenshot of chrome browser). Afterwards, don’t f...
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FEM (Exports of Goods and Services) Regulations, 2015
RBI/2015-16/395 A.P. (DIR Series) Circular No.68 [(1)/23(R)] May 12, 2016 To All AD Category – I Authorised Dealer Banks Madam/ Sir Foreign Exchange Management (Exports of Goods and Services) Regulati...
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ICAI committee to decide on Number of VP, Council Term & Restriction of 3 terms
Council Affairs/M-626/201611th May, 2016 ALL MEMBERS OF THE COUNCIL Madam/Dear Sir, The President, in terms of the authority given to him by the Council at its 351st meeting held on 12thFebruary, 2016...
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India-Mauritius DTAA amended to tackle round tripping of funds
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 10th May, 2016 Subject: Protocol for amendment of the Convention for the avoidance...
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Declaration of Assets & Liabilities in new ITR forms
Press Information Bureau Government of India Ministry of Finance 10-May-2016 Declaration of Assets & Liabilities in the new ITR forms Central Board of Direct Taxes (CBDT) have released new income-tax...
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India-Mauritius DTAA amended to tackle round tripping of funds
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 10th May, 2016 Subject: Protocol for amendment of the Convention for the avoidance...
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Steps taken to curb Black Money within & outside the country
Press Information Bureau Government of India Ministry of Finance 10-May-2016 Government takes various steps in last two years to curb the menace of Black Money both within and outside the country. The...
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Verification of ITR through EVC pending due to non-filing of ITR-V
CIRCULAR NO 13/2016 F. No. 225/46/2016-ITA.II GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES New Delhi, 9th May, 2016 Subject:- Verification of tax-returns...
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Procedure for submission of Form 15CC for remittance U/s. 195(6)
Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 8/2016 New Delhi, 4th May, 2016 Procedure for submission of Form 15CC by an a...
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Procedure for Online filing of Form 15G & Form 15H
Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No 7/2016 New Delhi, 4th May, 2016 [F.NO.DGIT(S)/ADG(S)-2/TDS E-FILING NOTIFICATI...
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How to file TDS/TCS statement on incometaxindiaefiling.gov.in
Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 6/2016 New Delhi, 4th May 2016 Procedure for online submission of statement o...
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Relaxation in conditions for issue of certificate without tax deduction
Income Tax Rules 29B is related to Application for certificate authorising receipt of interest and other sums without deduction of tax under sub-section (1) of section 195. In this rule one of the con...
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Gain on sale of unlisted share to be considered as Capital Gain
No. 225/12/2016/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, dated the 2nd of May, 2016 Subject: – Consistency in taxability of income/loss arisi...
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Revision in TDS due date & Supporting for claim of Deduction from Salary
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 30/2016 New Delhi, the 29th April, 2016 INCOME-TAX S.O. ___(E).- In exercise of the pow...
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Revised Income Tax rules & Forms for in-house research & development facility
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 29/2016 New Delhi, the 28th April, 2016 INCOME-TAX S.O. ___(E).- In exercise of the pow...
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Tax on Income/Loss arising from Transfer of Unlisted Shares-reg.
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 5th May, 2016 Subject: Taxability of Income/Loss arising from Transfer of Unlisted Shares-reg. CB...
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Offshore Tax Evasion and Government initiatives
Press Information Bureau Government of India Ministry of Finance Date: 06-May-2016 Offshore Tax Evasion While there are impediments in obtaining information relating to undisclosed assets stashed away...