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Prime Minister’s address ahead of Budget Session of Parliament
English rendering of the Prime Minister’s address ahead of the Budget Session of ParliamentThe 2017 Budget Session of Parliament gets underway today. The President’s Address to the Parliament, Budget...
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IT Dept seeks Clarification on cash deposited during Demonetisation
Income Tax Department launches Operation Clean Money to seek Clarification from PAN holders on cash deposited during Demonetisation periodDemonetisation was a huge exercise involving almost every citi...
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Election Commission Applauds Role of Income Tax Department during 2016 Elections
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 27th January, 2017.Press ReleaseElection Commission of India Applauds the Role of Income Tax Departme...
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Explanatory Notes to Provisions of Finance Act, 2016
Circular explain all the changes in Income Tax Act, 1961 carried out by Finance Act 2016 which are applicable for Financial Year 2016-17.F.No. 370142/20/2016-TPLGovernment of IndiaMinistry of FinanceD...
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Link BPO promotion scheme with direct tax benefit: ASSOCHAM
plea to Govt.Venture capital pool imperative to boost funds’ availability to electronics sectorApex industry body ASSOCHAM has suggested the Union Government to link the India business process outsour...
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FAQS on implementation of GAAR provisions
16 FAQS on implementation of GAAR provisions Circular No. 7 of 2017F.no. 500/43/2016-FT&TR-IVGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesDate 27/01/2017Clar...
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S. 10(46) Govt notifies Punjab Building & Other Construction Workers Welfare Board
Section 10(46) of the Income-tax Act, 1961 Central Government notifies Punjab Building & Other Construction Workers Welfare Board, constituted by the Government of Punjab, in respect of the specified...
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S. 10(46) Govt notifies Punjab State Electricity Regulatory Commission
Section 10(46) of the Income-tax Act, 1961 Central Government notifies Punjab State Electricity Regulatory Commission, a Commission, constituted by the Government of Punjab, in respect of the specifie...
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CBDT issues Clarifications on implementation of GAAR
Clarifications on implementation of GAAR provisions under the Income Tax Act, 1961 – reg.The provisions of General Anti Avoidance Rule (GAAR) are contained in Chapter X-A of the Income Tax Act, 1961....
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Order No. 13 of 2017 – Promotion of officers in JCIT grade
F.No.A-32012/4/2016-Ad,VI Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)New Delhi, dated the 25th January, 2017ORDER NO. 13 OF 2017The President is pleased...
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Extension of ad-hoc appointment of IRS Officers to JCIT Grade
F. No. A. 32012/2/2015-Ad.VIGovernment of IndiaMinistry of Finance(Central Board of Direct Taxes)North Block, New DelhiDate :- 24.01.2017Order No. 12 of 2017The President is Pleased to Extend and ad-h...
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TDS- Paper intimation only for Latest processed correction statement
PAPER INTIMATION WILL BE SENT THROUGH POST ONLY FORLATEST PROCESSED CORRECTION STATEMENTIf deductor filed multiple correction statements during the quarter then paper intimation of latest processed co...
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No decision taken on levy of Banking Cash Transaction Tax
Press Information BureauGovernment of IndiaMinistry of Finance25-January-2017 12:09 ISTNo Final Decision taken on the Recommendations of the Committee of Chief Ministers on Digital Payments constitute...
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Dedicated structure for Tax Payer Services in Income Tax Department
F.No. A-11011/02/2015-Ad.VIIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes***New Delhi, the 24th January, 2017Order No.01/Ad.VII/2017Subject: Dedicated struct...
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Reg. Transfer of unlisted shares by SEBI Category I & II Alternative Investment Funds
F.No. 225/12/2016/ITA.IIGovernment of IndiaMinistry of FinanceDepartment of Revenue (CBDT)North Block, New Delhi, the 24th of January, 2017ToAll Principal Chief-Commissioners of Income-tax/ All Princi...
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CBDT rectifies mistakes in Circular related to TDS on Salary
F.No. 275/192/2016-IT (B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New Delhi24th January, 2017CORRIGENDUMSub: Corrigendum to Circular No. 1/2...
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Principles for determination of Place of Effective Management (POEM) of a Company
CBDT issues Guiding Principles for determination of Place of Effective Management (POEM) of a CompanyThe concept of POEM for deciding the residential status of a company was introduced by the Finance...
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CBDT further clarifies on filing of SLPs / appeals
CIRCULAR NO. 5/2017FTS No. 279157/ITJGovernment of IndiaMinistry of FinanceCentral Board of Direct TaxesNew Delhi, Dated 23rd January, 2017Subject: Measures for reducing litigation- Clarification on C...
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FRBM Committee presents its Report to Union FM Shri Arun Jaitley
Press Information Bureau Government of IndiaMinistry of Finance23-January-2017 17:10 ISTThe Fiscal Responsibility and Budget Management (FRBM) Committee headed by Shri N.K. Singh presents its Report t...
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Analysis of Determination of Place of Effective Management
Determination of Place of Effective Management- Analysis of recent amendment Executive Summary:We know that a new concept was introduced by the Finance Act, 2015 for determining the residential status...