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Press Trust of India notified as news agency for Sec. 10(22B) exemption
CBDT notifies ‘The Press Trust of India Limited’ as news agency set up in India solely for collection and distribution of news for exemption under section Section 10(22B) of Income Tax Act, 1961 vide...
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Annual Report on India’s Advance Pricing Agreement (APA) Programme – 2017-18
The Advance Pricing Agreement (APA) Programme in India is six years old now and has been heralded as a success. The CBDT is extremely proud of this Programme and its achievements. The Programme has be...
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Office Order No. 143/2018 – Transfer and posting in CCIT Grade
F.No. A-32011/1/2018-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 29.08.2018Office Order No. 143 of 2018The foll...
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Office order No. 142/2018- Promotion and Postings in Pr. CCIT Grade
F.No. A-32011/1/2018-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 29.08.2018Office Order No. 142 of 2018Conseque...
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Income Tax Return due date for Kerala taxpayers extended to 15.09.2018
CBDT extends the due date for furnishing return of income, from 31st August, 2018 to 15th September, 2018, in case of Income-tax assessees in the State of Kerala, who are liable to file their Income-t...
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Manual Income Tax Scrutiny Criteria for financial-year 2018-2019
CBDT has released parameters for manual selection of Income Tax Returns for Complete Income Tax Scrutiny during financial year 2018-19 vide Instruction No. 04/2018 Dated: 20th August 2018.Instruction...
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Scrutiny Assessment only through ‘E-Proceeding’ facility subject to 7 exceptions
CBDT has vide Instruction No. 03 dated 20th August 2018 directs that In all cases (subject to exceptions provided), where assessment is required to be framed under section 143(3) of the Act during the...
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File Your Income Tax Return by 31st August, 2018
(Last date for persons whose accounts are not liable for audit)For e-filing returns of Income log on to on to https://incometaxindiaefiling.govinConsequences of not filing Income Tax Return on time♦ B...
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Promotion of 118 Income Tax Officers in the grade of ACIT
Promotion of 138 Income Tax Officers in the grade of Assistant Commissioner of Income Tax on ad-hoc basis vide Order No. 137 of 2018 Dated- 23rd August, 2018.F.No. A-320131112018 – Ad.VIGovernment of...
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New Tax Audit Report Clauses WEF 20.08.2018
Guide to new Tax Audit Report Clauses WEF 20.08.2018Implementation Guide w.r.t. Notification No. 33/2018 dated 20.07.2018 effective from 20.08.2018 – (23-08-2018)The Central Board of Direct Taxes, vid...
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Filing of references for restoration of struck-off/de-registered companies under Companies Act, 2013
F. No. 225/423/2017-ITA-II(Part)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiDated, the 20th of August, 2018ToAll Principal Chief Commi...
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No need to report clause 30C (GAAR) & 44 (GST) of Revised 3CD Report till 31.03.2019
It has been decided by the CBDT that reporting under the proposed clause 30C and proposed clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2019. Therefore, for Tax Audit Re...
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CBDT Revises list of cases to be contested on Merit irrespective of tax effect
CBDT amends its Circular No. 3 of 2018 dated 11.07.2018 to Provide the revised list of cases in which CBDT can file appeal with ITAT, High Court, Supreme Court on Merits irrespective of tax effect.F N...
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Immunity under Section 270AA of Income-tax Act, 1961- CBDT Clarifies
CBDT Vide Circular No 5/2018 clarifies that where an assessee makes an application seeking immunity under section 270AA of the Act, it shall not preclude such assessee from contesting the same issue i...
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CBDT proposes online issue of certificate for no / lower deduction of tax
It is felt that the existing Form No. 13 and relevant rules are required to be rationalised. Hence, in order to rationalise and make the process of issuance of certificate for no deduction of tax or d...
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Sec. 10(46) exemption: CBDT notifies ‘Madhya Pradesh Real Estate Regulatory Authority’
Central Government hereby notifies, Madhya Pradesh Real Estate Regulatory Authority, a body constituted by Government of Madhya Pradesh under Section 10(46) of Income Tax Act, 1961 vide Notification N...
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Sec. 10(46) exemption: CBDT notifies ‘Insolvency and Bankruptcy Board of India’
Central Government hereby notifies ‘Insolvency and Bankruptcy Board of India’, a board established by the Central Government under Section 10(46) of Income Tax Act, 1961 vide Notification No. 38/2018...
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ASK centres to not to accept ITRs for A.Y. prior to AY 2018-19 without verifying copy of notice
ASK centres under your charge not to accept ITRs for A.Y. prior to AY 2018-19 without verifying copy of notice / order u/s 119(2)(b), 139(9), 142(1), 148, 153A & 153C and applicability of Rule 12 of I...
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No need to report clause 30C (GAAR) & 44 (GST) of Revised 3CD Report till 31.03.2019
It has been decided by the CBDT that reporting under the proposed clause 30C and proposed clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2019. Therefore, for Tax Audit Re...
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Computation of admissible deduction u/s 10A of the Income Tax Act, 1961
Computation of deduction u/s 10A of Income Tax Act, 1961Circular No. 4/2018F. No. 279/Misc./140/2015/ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delh...