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Notification reg. placement of 121 JCIT in Selection Grade (NFSG)
Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)* * * * *New Delhi, the 11th May, 2018NOTIFICATION NO. 06 OF 2018The following Joint Commissioners of Income T...
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Manual Order Upload functionality in ITBA Assessment Module –Regarding
DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,New Delhi – 110055ITBA- ASSESSMENT INSTRUCTION NO. 9F. No. System/ITBA/Instruction/Assessment/177/16-17/ Dated: 0...
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After 39 days CBDT Releases Excel and Java Utility of ITR-4
Today CBDT has finally released after 39 days of start of Assessment Year 2018-19, Excel and Java Utility of ITR-4 (For presumptive income from Business & Profession). Earlier CBDT has released Excel...
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No supporting document required for change of ‘gender’ to ‘transgender’ in PAN
New PAN allotment and Change request applications with ‘gender’ as ‘transgender’ is allowed without any hassle. Also, there is no requirement of depositing any supporting document for change of ‘gende...
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Quick Insight 2018- Latest changes in Tax, Accounting, AS, LLP, Companies Act
Publication of E-Book on Quick Insight -2018: An Initiative of the Committee for Capacity Building of Members in Practice (CCBMP), ICAIThe Committee for Capacity Building of Members in Practice (CCBMP...
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CBDT notifies Foreign Oil Companies eligible for exemption U/s. 10(48A)(ii)
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 8th May, 2018INCOME-TAXS.O. 1845(E).—In exercise of the powers conferred by clause (ii) of the provi...
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Order No. 61 of 2018- Transfer & Posting of ACIT/DCIT grade
F.No. A-22013/2/2018-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesDate: 04.05.2018Order No. 61 of 2018The following transfers/postings in the grade of A...
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Protocol to amend India-Kuwait DTAA notified
MINISTRY OF FINANCE(Department of Revenue)NOTIFICATIONNew Delhi, the 4th May, 2018(INCOME TAX)S.O. 1823(E).—Whereas the Protocol amending the Agreement between the Government of the Republic of India...
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Guide on Revised Reporting Standards SA 700, 705 & 706
In 2016, ICAI issued the revised auditor’s reporting standards i.e. Revised SA 700 –‘Forming an Opinion and Reporting on Financial Statements’, Revised SA 705 – ‘Modifications to the Opinion in the In...
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Transfer & Posting of 228 recently promoted ACsIT
F.No. A-22013/2/2018-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001.Date: 03.05.2018.Order No. 60 of 2018The following A...
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Draft notification for determination of FMV of inventory converted in Capital Assets
Clause (via) in section 28 is inserted by Finance Act, 2018, w.e.f. Financial year 2018-19 and it provides taxation of Inventory in the year in which it is converted in capital Assets. CBDT issued Dra...
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Himachal Pradesh to roll out intra-state e-way bill WEF May 05, 2018
Himachal Pradesh Govt. notifies 17 goods for intra-State e-way bill from May 05, 2018 Notification No. 12-4/78-EXN-Tax- Dated 1st May, 2018In exercise of the powers conferred by clause (d) of sub-rule...
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CBDT achieves another milestone by signing its 200th UAPA in April, 2018
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 3rd May, 2018PRESS RELEASECBDT achieves another milestone by signing its 200th UAPA in April, 2018The...
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Benami Transactions Informants Reward Scheme, 2018- Reward up to Rs. One crore
Benami Transactions Informants Reward Scheme, 2018 is introduced by CBDT for regulating grant and payment of reward to a person who is an informant under this Scheme. A person can get reward up to Rs....
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Order No. 57 of 2018: Extension of ad-hoc Appointments of 15 ITOs to ACIT grade
F.No. A-32013/1/2016-Ad.VI(Part-11)Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)****North Block, New Delhi.Dated: 23 April. 2018.Order No. 57 of 2018In con...
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Income Tax Informants Rewards Scheme, 2018: Reward up to Rs. 5 crore
Under Income Tax Informants Reward Scheme, 2018 A person can get reward up to Rs. Five crore by giving specific information about evasion of Income tax on income and assets in India and abroad. Identi...
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Draft Notification on Tax on Long Term Capital Gain on Shares
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 24th April, 2018PRESS RELEASENotification under section 112A as inserted by Finance Act, 2018 – Seeki...
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Advisory on Tax Evasion by Salaried Taxpayers
Centralized Processing Center, BengaluruIncome Tax DepartmentAdvisoryBengaluru, 16th April, 2018Sub: Cautionary Advisory on Reports of tax evasion by under-reporting income or inflating deductions/Exe...
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List of auditable cases for internal audit in ITBA ( Audit module) – Reg.
ITBA – Audit Module-Instruction No. 4.DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,New Delhi – 110055F.No. Systems/ITBA/ Instruction/ Audit /2018-19/Date: 23/...
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Decide appeal for restoration of ‘struck off’ Cos. name by May 31, 2018: CBDT to CIT(A)
TOP PRIORITYF.No. 225/423/2017/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenue (CBDT)North Block, New Delhi, the 18th of April, 2018ToAll Principal Chief-Commissioners of Income-tax/...