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Indirect Transfer provisions in case of redemption of share or interest outside India
Radhika Jain, Partner, Grant Thornton India LLP on CBDT’s clarification on applicability of indirect transfer tax provisions under Sec 9 of the IT Act said that ” “This is a welcome clarification that...
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MCA revises AoC-4 Non-XBRL & AoC-4 XBRL (Non-Ind AS) forms
AoC-4 Non-XBRL and AoC-4 XBRL (Non-Ind AS) forms are being revised and are likely to be notified on 7th November 2017 including therein demonetization related changes. Stakeholders may plan accordingl...
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Direct Tax Collections show Growth of 15.2% up to Oct, 2017
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 7th November, 2017.PRESS RELEASEDirect Tax Collections for F.Y. 2017-2018 show Growth of 15.2% up toO...
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Filing Returns is mandatory in GST Regime ! Don’t wait for last date
Filing Returns is mandatory in GST Regime ! Don’t wait for the last date #GoodAndSimpleTaxAny registered person who fails to furnish the return by the due date is liable to pay a late fee* of one hund...
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Investigation in full swing in cases related to Panama Papers: CBDT
Cases pertaining to ‘Panama Papers’: Investigation in full swing Pursuant to revelations made by the International Consortium of Investigative Journalists (ICIJ), a Washington based organization in Ap...
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Investigations in cases of ‘Paradise Papers’ to be monitored through reconstituted Multi Agency Group
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 6th November, 2017.PRESS RELEASEInvestigations in cases of ‘Paradise Papers’ to be monitored throughr...
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India notifies provisions of DTAA/ Protocol entered with New Zealand
Agreement between the Government of the Republic of India and the Government of the Government of New Zealand for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to...
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Govt notifies protocol amending India-Slovenia DTAA
MINISTRY OF FINANCE(Department of Revenue)NOTIFICATION No. 90/2017-Income TaxNew Delhi, the 27th October, 2017S.O. 3452 (E).— Whereas, the Protocol, amending the Convention and the Protocol between th...
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CBI Arrests an Income Tax Officer for Accepting Bribe of Rs. 60,000/-
Press ReleaseNew Delhi, 03.11.2017The Central Bureau of Investigation has arrested an Income Tax Officer, Ward No.1, Gurgaon (Haryana) for demanding & accepting a bribe of Rs. 60,000/- from the compla...
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Clarification on Cash sale of agricultural produce by cultivators/agriculturist
Circular No. 27/ 2017F. No. 370149/213/2017 -TPLGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)*****New Delhi, Dated 3rd November, 2017Clarification on Cash...
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CBDT signs seven Unilateral APAs in October, 2017
Government of IndiaMinistry of FinanceDepartment of RevenueDo you want to become an Expert in GST?- Click here to JoinCentral Board of Direct TaxesNew Delhi, 2nd November, 2017.PRESS RELEASEIndian Adv...
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Salient features of Country-By-Country Report & Master File rules
Press Information BureauGovernment of IndiaMinistry of Finance01-November-2017 17:05 ISTCBDT notifies rules in respect of Country-by-Country reporting and furnishing of Master File In keeping with Ind...
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Extension of Due Date of Filing of Accounts to Charity Commissioner in State of Maharashtra
Due date of Filing of Accounts with the Office of the Charity Commissioner applicable in the State of Maharashtra has been extended till 15th November, 2017.
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CBDT Order on extension of due date of ITR / TAR to 7th Nov 2017
F.No. 225/270/2017/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesDo you want to become an Expert in GST?- Click here to JoinNorth-Block, ITA.II Division...
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Order No. 189/2017- Promotion of 86 Additional CITs to CIT grade
F.No. A-32011/1/2017-Ad.V1Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesDo you want to become an Expert in GST?- Click here to JoinNorth Block, New Delhi.The...
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CBDT notifies rules /Forms, documents for Furnishing of Report in respect of an International Group
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 92/2017New Delhi, the 31st, October, 2017INCOME-TAXS.O. 3497(E).— In exercise of the powers conferred by provi...
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Section 43(5) CBDT notifies Indian commodity Exchange limited
U/s 43 (5) of IT Act 1961 Central Government notifies Indian commodity Exchange limited (PAN:AABCI9419D) as a ‘recognized association’Ministry of FinanceDepartment of RevenueCentral Board of Direct Ta...
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ITR / Tax Audit Due date extended to 7th November 2017
As per reliable sources CBDT has extended tax audit due date to 7th November 2017 due to technical glitches. A Notification in this regard is expected in sometime.Income Tax Department has confirmed o...
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Advise clients to timely approve tax audit reports: ICAI
Members are requested to advise their clients to timely approve the tax audit reports under their digital signatures for the AY 2017-18 uploaded by them on the e-filing portalThe Department of Income-...
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CBDT invite suggestions on reducing litigation in all appellate forums
Inviting suggestions on the issue of reducing litigation in all appellate forums. Do you want to become an Expert in GST?- Click here to JoinThe Central Board of Direct Taxes vide Office Order F.No.27...