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Election commission delisted 255 political parties; Issued letter to CBDT
SECRETARIAT OF THE ELECTION COMMISSION OF INDIANirvachan Sadan, Ashoka Road, New Delhi-110001File No. 56/Misc./LET/ECI/FUNC/PP/PPS-III/2016Date: 21st December, 2016To,The ChairmanCentral Board of Dire...
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Avoid unauthorised discussion on official matters on social Media: CBDT
GOVERNMENT OF INDIAMinistry of Finance/Department of RevenueNorth Block, New Delhi-110001E-mail : chairmancbdt@nic.inTele : 23092648 & Telefax :23092544FTS-300318193/2016 Date : 23rd December, 2016Dea...
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2nd FAQs on Direct Tax Dispute Resolution Scheme, 2016
F.No.142/11/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)***Circular No. 42 of 2016New Delhi, dated 23rd December, 2016Clarifications o...
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Amendment in Rule 114F Related to Reporting under Income Tax Law
MINISTRY OF FINANCE(Department of Revenue)NOTIFICATION NO. 120/2016New Delhi, the 21st December, 2016S.O.4110(E).— In exercise of the powers conferred by section 285BAread with section 295 of the Inco...
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Reporting of Cash Transactions under Rule 114E: Clarification
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 22nd December, 2016.Press ReleaseReporting Cash Transactions under Rule 114E of Income –tax Rules, 19...
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19 FAQs on Indirect Transfer provisions under Income Tax Act 1961
Circular No. 41 of 2016F.no. 500/43/2012-FT&TRGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(FT&TR-Division)Clarifications on Indirect Transfer provisions und...
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Tax under PMGKY scheme can be paid in Old Demonetised notes
Payments towards Tax, Penalty, Surcharge and Deposit under PMGKY 2016 in Old Demonetised Currency allowed till 30th December, 2016.The Central Government has decided that up to 30.12.2016, the payment...
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Income Tax Dept Identifies 67.54 lakh Potential Non-Filers
Income Tax Department Identifies 67.54 lakh Potential Non-Filers for F.Y. 2014-15The Non-filers Monitoring System (NMS) was rolled out for identification of non-filers with potential tax liabilities....
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New Proposed Section 44AD Analyzed
A press release has been issued in this regard by the CBDT for now, while the legislative amendment shall be carried out through the Finance Bill, 2017.Extract of the Press release:The extract of the...
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CPC(TDS) Information Security Advisory to Tax Deductors
The Centralized Processing Cell (TDS) offers you a variety of value-added services through its web-portal TRACES. As you are aware, these services can be availed after registering on TRACES with a uni...
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Order No. 201 of 2016- Promotion order in the grade of CCIT
F. No. A-32011/2/2012-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block. New DelhiDate: 20.12.2016.Order No. 201 of 2016With the approval of th...
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CBDT committee to suggest effective scrutiny assessment measures
FTS-300315894/2016Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesOffice MemorandumNew DelhiDate 19 December, 2016Sub: Constitution of Committee to give recomme...
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Step up efforts to recover outstanding demand- CBDT
SUSHIL CHANDRAChairman, CBDT &Special Secretary of The Government of IndiaF.No.385/17/2016-IT (B)GOVERNMENT OF INDIAMinistry of Finance/ Department Of RevenueCentral Board of Direct TaxesNorth Block,...
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CBDT enables processing of unprocessed returns having refund claims
Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)AST INSTRUCTION NO.142DATED 9-12-2016Functionality for processing of returns for AY 2007-08 to 2011-12 having...
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Enhancements & Improvements to Income Tax e-Nivaran Module
F.No. System/ITBA/Instruction/e-Nivaran/2016-17/Dated: 14/12/2016ToAll Principal Chief Commissioners of Income Tax/ CCsIT (By Name),All Principal Director Generals of Income Tax/DGIT (By Name)All Prin...
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Measures for Promoting Digital Payments & Creation of Less-Cash Economy: Benefit of lowerrate of Income Tax on digital turnover for small businesses
No Tax on Digital Turnover up to 66 Lakh after section 80C benefit Measures for Promoting Digital Payments & Creation of Less-Cash Economy: Benefit of lowerrate of Income Tax on digital turnover for s...
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No estimation of black money either before or after demonetisation
GOVERNMENT OF INDIAMINISTRY OF FINANCELOK SABHASTARRED QUESTION NO: 433ANSWERED ON: 16.12.2016Black MoneyANANT KUMAR DATTATREYA HEGDEWill the Minister ofFINANCE be pleased to state:-(a) whether the Go...
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CBDT have well-established mechanism to deal with Audit Objections
LOK SABHAUNSTARRED QUESTION NO. 5042TO BE ANSWERED ON FRIDAY, THE 16TH DECEMBER, 2016Agrahayana 25, 1938 (Saka)IRREGULAR TAX BENEFITS5042. SHRI B VINOD KUMAR:Will the Minister of Finance be pleased to...
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Tax Levied on Air Services Companies
Government of IndiaMinistry of FinanceDepartment of RevenueLOK SABHAUNSTARRED QUESTION NO. 4862TO BE ANSWERED ON FRIDAY, DECEMBER 16 2016AGRAHAYANA 25, 1938 (SAKA)TAX LEVIED ON AIR SERIVCE COMPANIES48...
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India & Switzerland signs agreement for auto exchange of info
GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUE***LOK SABHAUNSTARRED QUESTION NO. 4971TO BE ANSWERED ON FRIDAY, THE 16TH DECEMBER, 2016AGRAHAYANA 25, 1938 (SAKA)AUTOMATIC EXCHANGE OF INFOR...