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Launch of Income Tax Business Application- TPO Proceedings Module
ITBA-TPO Proceeding Instruction No.1DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2,jhandewalan Extension, 110055, New Delhi – 110055F.No. System/ITBA/Instruction/TPO Proceedings//1113...
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Post Assessment– Revision u/s 263/264 Proceedings module of ITBA
ITBA-Revision Instruction No.1Directorate Of Income Tax (System)ARA Center, Ground Floor, E-2, Jhandewalan ExtensionNew Delhi – 110055Date :- 11/01/2017F. No. System/ITBA/Instruction Revision/184/2016...
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New design of PAN card with effect from January 1, 2017
NSDL e-Governance Infrastructure LimitedPAN ServicesCircularCircular No.: NSDL/TIN/12017/001January 10, 2017Subject: New design of PAN cardAll TEN-FCs & PAN Centres are hereby informed that the Income...
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Pradhan Mantri Garib Kalyan Yojna, 2016
Summary of Cicular on Pradhan Mantri Garib Kalyan Yojna, 2016 The CBDT vide Circular No.43 of 2016 dated 27.12.2016 issued explanatory notes on provisions of the taxation and investment regime for Pra...
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IRS (Income Tax) officers seek MoS Dr Jitendra Singh’s intervention
Press Information BureauGovernment of IndiaMinistry of Personnel, Public Grievances & Pensions10-January-2017 17:13 ISTIRS (Income Tax) officers seek MoS Dr Jitendra Singh’s interventionA delegation o...
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Lok Sabha/ Rajya Sabha to meet on 31.01.2016; Budget on 01.02.2017?
Hon’ble President Shri. Pranab Mukerjee has called Meet of Lok Sabha and Rajya Sabha on 31.01.2017 to Facilitate Presentation of Union Budget 2017 on 01.02.2017 but seeing the protest of opposition po...
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Direct & Indirect Tax collection for April-Dec. 2016 shows positive trend
Tax collection figures for the period April -December 2016 show a positive trend as Direct Taxes grow by 12.01% and Indirect Taxes grow by 25% over the corresponding period last year i.e. April-Decemb...
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Report cash deposit in Bank & Post Office A/cs between 01.04.2016 to 09.11.2016
All bank account holders who have not submitted PAN or Form No. 60, are advised to submit PAN or Form No. 60 to their bank by 28th February 2017.IT rules have been amended to provide that bank shall o...
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Bank to obtain and link PAN or Form No. 60
Income-tax Rules amended to provide that bank shall obtain and link PAN or Form No. 60 (where PAN is not available) in all existing bank accounts (other than BSBDA) by 28.02.2017.Income-tax Rules have...
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Major Achievements of CBDT in Current Financial Year 2016-17
so far include among others Enactment of The Benami Transactions (Prohibition) Amendment Act, 2016, Implementation of The Direct Tax Dispute Resolution Scheme, 2016 and of GAAR from Assessment Year 20...
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Pradhan Mantri Garib Kalyan Yojana, 2016
All you need to know about Pradhan Mantri Garib Kalyan Yojana, 2016 After the 50 day Tests, it’s time for a 50-over match: All you need to know about the Pradhan Mantri Garib Kalyan Yojana, 2016Introd...
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List of Transactions to be reported in AIR
Updated list of Transactions to be reported in AIR Government has demonetised bank notes of Rs. 500 & Rs. 1000/- to curb Black Money, which resulted in huge deposit of cash notes in Bank, with a view...
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India-Sweden DTAA- Suspension of Collection of Taxes during MAP
Instruction No. 01/2017F.No. 500/5/2016-APA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesForeign Tax and Tax Research-1 DivisionAPA-II SectionNew Delhi, da...
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SC ask details of cases where validity of search & seizure questioned
Central Board of Direct TaxesDirectorate of Income-Tax (Legal & Research)4th Floor, Room No. 419, Drum Shape Building,I.P.Estate, New Delhi-110002Tele No.: 011-23370336Instruction F.No. ADG-II/ Suprem...
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Report on Filing of Appeals by Income Tax Department
The suggestions of Committee to Study Appellate Orders to Examine Filing of Appeals by Income Tax Department before Various Forums are based upon:i) Analysis of actual data collected by the Committeei...
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Income Tax Department Restructured Menu of e-Filing portal
Post login menus of Income Tax E-Filing Website https://incometaxindiaefiling.gov.in/ has been restructured. The Functionalities under menus available post login to e-Filing portal are restructured fo...
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India and Kazakhstan sign Protocol to amend DTAC
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 6th January, 2017.Press ReleaseIndia and Kazakhstan sign Protocol to amend the Double Taxation Avoida...
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Report on how to Minimize Income Tax Litigation & its Management
Report deals with 1. Issues that give rise to frivolous litigation. 2. Issues that impact the quality of representation and effective management of litigation. 3. Systemic issues impacting effective l...
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6% Equalization Levy on specified services provided by non-resident
Section 165 of the Income Tax, 1961 imposes an equalization levy of 6% on specified services provided by a non- resident to:– Resident person carrying on business and profession– Non-resident having p...
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CBDT signs 3 APAs pertaining to Engineering Goods & Shipping sectors
Central Board of Direct Taxes signs three more Advance Pricing Agreements pertaining to the Engineering Goods and Shipping sectors. With this, the total number of APAs entered into by the CBDT reaches...