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CIT- CPC Bengaluru to exercises jurisdiction over IDS 2016 declarants
F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *** Circular No. 31 of 2016-Income Tax New Delhi, dated 30th August, 2016 In continuatio...
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CBDT signs 20 new Unilateral Advance Pricing Agreements
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 30th August, 2016 PRESS RELEASE Sub: Signing of Unilateral Advance Pricing Agreements by CBDT The...
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Tax Exemptions to Start-ups
I remember the remarkable words of Prime Minister Shri Narendra Modi in his 15 August, 2015 address at Red Fort “ Hindustan mein koi aisa zila na ho,aisa block na ho jahan koi startup na shuru ho. ‘St...
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Update PAN to avoid blocking of e-filing a/c by Income Tax Dept.
This is in continuation of the earlier announcement dated 24th August 2016 (Annexed at A) on updation of PAN details to avoid blocking of e-filing account by the Income Tax Department. The issue of de...
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Overview of The Income Declaration Scheme, 2016
The Income Declaration Scheme, 2016- An Overview Few Words about the scheme:- i. The Income Declaration Scheme,2016 is incorporated as Chapter IX of Finance Act 2016 and is covered in section 181 to s...
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Amendment in CYPRUS DTAA
India Cyprus DTAA proposed Amendment in line with Mauritius Tax Treaty India Cyprus Tax Treaty to be revised with Source based taxation of Capital Gains; Retrospective removal of Cyprus from Blacklist...
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Reporting formats for Exchange of Info under Tax Treaties
Government of India Ministry of Finance Foreign Tax & Tax Research Division Exchange of Information Cell, India F.No. 500/44/2016-FT&TR-III Dated: 26th August, 2016 To, All the Pr. CCsIT/DGsIT(Inv) Ma...
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Streamlining process of NOC, PCC, voyage return/ assessment of Foreign Shipping Companies
F. No: 500/05/2014-FTD-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Foreign Tax & Tax Research Division – II FT & TR-V Section Circular No. 30/2016 New...
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Direct Tax Dispute Resolution Scheme,2016-sensitizing CIT (A)
F. No. 279/Misc/M-74/2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated: 23rd Aug, 2016 To, All Principal Chief Commissioners of Income-t...
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Cabinet approves Agreement & Protocol between India & Cyprus
Press Information Bureau Government of India Cabinet 24-August-2016 17:20 IST Cabinet approves Agreement and the Protocol between India and Cyprus for the Avoidance of Double Taxation and the Preventi...
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Solution to Problem of Name or PAN Mismatch with ICAI Records
Nowadays ICAI Members i.e. Chartered Accountants who are registered as Professionals on Income Tax e-filing website may be getting Email from Income Tax Department that their e-Filing account has been...
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Promotion of 89 officers to the grade of JCIT – reg.
Order No. 149 of 2016 – Promotion of officers to the grade of Joint Commissioner of Income Tax – reg. F.No.A-32012/01/2015-Ad.VI Government of India Ministry of Finance Department of Revenue (Central...
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E-filed exemption forms 10A and 10G time barring on 31.08.2016
DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi- 110055 F. No. System/ITBA/Exemption Module/e-filing/2016-17/7535 Dated:19/08/2016 To All the Princi...
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India-Mauritius Tax Treaty- Amendment in Protocol and Its Impact
Recently Government of India has notified the revised tax treaty with Mauritius which was signed by both countries on 10 May 2016 under which India will impose capital gains tax on investments routed...
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CBDT notifies classes of buyers to whom TCS provisions not apply
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION NO. 75/2016-INCOME TAX New Delhi, the 19th August, 2016 S.O. 2747(E).- In exercise of the powers conferred by s...
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Release of Version 2.0 of Income Tax Return Statistics for A.Y. 2012-13
Deduction U/s 35AC available only up to previous year ending 31-03-2017 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 19th August...
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Deduction U/s 35AC available only up to previous year ending 31-03-2017
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 19th August, 2016. Sub: Approval of Eligible Projects or Schemes under section 35AC...
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5th Set of FAQ on Income Declaration Scheme 2016
Fifth set of Frequently Asked Questions (FAQs) providing clarification on various issues under the The Income Declaration Scheme, 2016 has been issued and Some of the important issues clarified therei...
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IDS 2016- Reg. Fair market value of immovable property
The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. Income Dec...
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Due date for Acknowledgement of Declarations under IDS,2016
F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *** New Delhi, dated 12th August, 2016 Order under section 119 of the Income-tax Act, 19...