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Order No. 181/2017 Promotion & posting in the grade of Pr. CIT
Order No. 181 of 2017 – Promotion and posting of officers in the grade of Pr. Commissioner of Income Tax – reg. F No. A-32011/3/2017-Ad.VI Government of India Ministry of Finance Department of Revenue...
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CBDT extends due date for filing of Country-by-Country Report for 2016-17 to 31.03.2018
Circular No. 26/2017 : Order under section 119 of the Income-tax Act, 1961 in respect of extension of due date for filing of Country-by-Country Report for reporting accounting year 2016-17 CIRCULAR No...
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Clarification related to guidelines for establishing PoEM in India
Radhika Jain, Director, Grant Thornton Advisory Private Limited on CBDT’s clarification on PoEM said that “This clarification issued by CBDT will provide relief to MNCs having regional headquarters (R...
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AIFTF requests extension of date for filing Income Tax Returns for AY 2017-18
All India Federation of Tax Practitioners (An Association of Advocates, Chartered Accountants & Tax Practitioners of India) Regd Office: 215, Rewa Chambers, 31, New Marine Lines, Mumbai- 400020. Tel:...
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ICAI Request for Tax Audit / ITR Due Date extension to 30th Nov 2017
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA (Set up by an Act of Parliament) 23rd October, 2017 ICAI/DTC/2017-18/Rep-31 Shri Arun Jaitley, Hon’ble Finance Minister, Ministry of Finance, Government...
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Bank's SLR to include Sovereign Gold Bond acquired through lien/hypothecation/pledge
Govt. has provided that bonds acquired by the banks through the process of invoking lien/hypothecation/pledge alone shall be counted towards Statutory Liquidity Ratio. Earlier, Bonds held as collatera...
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I-T Dept Clears Air on Inspection at Actor's Office
The Income Tax officials' visit to actor Vishal Krishna's office had nothing to do with his film “Mersal“ and was a routine procedure to check for any TDS violations, department said on Tuesday.It sai...
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MNCs get resident taxation relief
Routine administrative functions by the regional headquarters in India of multinational corporations (MNCs) have been exempted from taxes under the rules on Place of Effective Management (PoEM). PoEM...
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Activities of regional HQ not being specific to any entity won’t be considered for PoEM; CBDT clarifies
CBDT clarifies that activities of Regional Headquarter in India alone will not be a basis for establishment of PoEM for such subsidiaries/ group companies. However, GAAR may be triggered if clarificat...
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Retired defence personnel can invest in Senior Citizens Savings Scheme only after attaining age of 50 years
Govt. has amended the Senior Citizens Savings Scheme Rules, 2004 and provides that retired personnel of Defence Services (excluding Civilian Defence Employees) shall be eligible to subscribe under the...
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Form 10A modified for fresh registration by already regd. Trust in case of change in object of the trust
In case of modification in Trust's object doesn't conform to the conditions of original registration, then such trust/institution is required to obtain new registration within 30 days of such change a...
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Issue Price of Sovereign Gold Bond Series III to be Rs 2971 per gm
For the next subscription period of Sovereign Gold Bond i.e. Oct 23-27, 2017, the issue price shall be Rs.2971 per gm. Further, Discount of 50 Rs. Per gm shall be given when payment made via digital m...
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Disposal of cases having tax effect more than Rs. 50 Cr.
Dt. No. 683/CIT/(A&J)/2015Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesNew Delhi, 12th October, 2017ToAll Principal Chief Commissioner of Income Tax,Sir,Sub: –...
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Order No. 178/2017 Regularization of promotion of JCIT
Order No. 178 of 2017 – Regularization of promotion of officers to the grade of Joint Commissioner of Income Tax – regF. No. A-32012/5/2016-Ad.VIOnline GST Certification Course by TaxGuru & MSME- Clic...
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Disposal of cases having tax effect more than Rs. 50 Cr.
Dt. No. 683/CIT/(A&J)/2015Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesNew Delhi, 12th October, 2017ToAll Principal Chief Commissioner of Income Tax,Sir,Sub: –...
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Continuous changes on Income Tax Website User Log-In – Change on 12.10.2017
On 22nd September, when user log in the account on Income tax Website, then there was one information verification page which was mandatory to fill i.e. without filling this page, user cannot access h...
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Direct Tax Collections show Growth of 15.8% up to September, 2017
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 11th October, 2017.Online GST Certification Course by TaxGuru & MSME- Click here to JoinPRESS RELEASE...
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GSTN no. to be mentioned now in TDS / TCS Statements
Key Features of TDS Return Preparation Utility (RPU) version 2.1♣ Change in validations for all section codes available for Form 27EQRemark “C” (i.e. for higher rate deduction) is made applicable for...
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CBDT notification on recent intimations related to ITR 1
Instruction No. 9/2017Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New Delhi, the 11th of October, 2017Order under section 119 of the Income-tax...
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GSTN no. to be mentioned now in TDS / TCS Statements
Key Features of TDS Return Preparation Utility (RPU) version 2.1♣ Change in validations for all section codes available for Form 27EQRemark “C” (i.e. for higher rate deduction) is made applicable for...