Landmark Decisions

CBDT updates on India’s participation in the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) meeting held in Paris on January 16th and 17th 2017 wherein 30 Revenue Auth...

2 days meeting of BRICS' countries Revenue Heads concludes in Mumbai, discusses several contemporary tax issues including sharing of best practices to improve compliance, progress/issues arising out o...

Union Territory of Dadra and Nagar Haveli directs all registered dealers to collect their provisional ID and Password for GST on or before November 30

Nagaland Govt. notifies migration of dealers to GSTN from November 30; Directs dealers to provide information for the purpose of enrolment under GST laws

Online information / data retrieval services under 'reverse charge' basket w.e.f. December 1st Central Govt. imposes reverse charge taxation on service recipients (other than 'non-assessee online reci...

CBEC releases FAQs on GST covering 24 CBEC releases FAQs on Goods & Services Tax as a training tool for helping officers as well as public, to get acquainted with Model GST Law and its nuancesFAQs cov...

Clarification on on simultaneous customs drawback and excise rebate benefits for exports Simultaneous availment of Customs duty drawback and rebate of Excise duties paid on raw materials used in manuf...

Union Cabinet approves changes to GST Constitutional Amendment Bill; Drops 1% additional inter-state tax and provides guarantee to compensate States for any revenue loss in first 5 years of rollout; A...

CBDT notifies the final rules for determination of Fair Market Value (FMV) and reporting requirement for Indian concerns in respect of indirect transfer provisions u/s 9(1): CBDT

CBDT: Notifies amended Rule 8D; Restricts Sec.14A disallowance to assessee’s claim of total-expenditure CBDT notifies amended Rule 8D for computation of disallowance u/s 14A, clarifies that amount of...

CBDT authorises Pr. CCIT to notify the "designated authority" under the Dispute Resolution Scheme, 2016 considering requirements of the scheme, administrative efficiency, taxpayers’ convenience and eq...

CBDT notifies June 1 as effective date for Equalisation Levy , also notifies Equalisation Levy Rules, 2016; Prescribes Form 1 to be furnished electronically in respect of specified services chargeable...

IT Department issues internal guidance to officers while making requests for "exchange of information" (EOI) to British Virgin Islands (‘BVI’) in order to achieve better outcomes from the requests; In...

Income declaration scheme to be open from June 1 - September 30; Nov. 30 deadline for payment of tax/surcharge/penalty; In case of declaration pertaining to investments in assets, Fair Market Value as...

CBDT announces ‘inter-city’ transfers of Asst./Dy CITs CBDT orders ‘inter-city’ transfers/postings of officers in the grade of Assistant/Deputy CITs; Transfers 65 officers with immediate effect and un...

CBDT permits EVC verification of returns uploaded electronically for AYs 2009-10 to 2014-15, but remaining incomplete due to non-submission of ITR-V Form for verification; Acknowledges that large numb...

Swaziland and Mauritius signs MoU for information-exchange and strengthening collaboration amongst financial-regulators The Financial Services Regulatory Authority (FSRA) Swaziland and the Financial S...

OECD: 10th Plenary-meet of Tax Administration Forum to focus on BEPS implementation OECD Forum on Tax Administration (‘FTA’) to focus on implementation of the OECD/G20 work in its 10th Plenary meeting...

OECD releases stakeholders' comments on pension-funds discussion-draft OECD releases stakeholders’ comments on discussion draft proposing changes to the OECD Model Tax Convention concerning treaty res...

Ms. Pawan Parmar Singh (CCIT-4) to hold additional charge for International-Tax (West Zone) BDT vide Order No.83/2016 dated May 5, 2016 announce additional charge in the grade of CCIT; Ms. Pawan Parma...