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Standard Operating procedures to Administer Tax Payer Services
F.No.DIT(TPS-I)/01/2016-17/508 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Directorate of Income-tax (Taxpayer Services-I) New Delhi, the 2nd August, 20...
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CBI Court Sentences ACIT & DCIT To 5 Years imprisonment
FIVE YEARS RIGOROUS IMPRISONMENT WITH FINE OF RS.7.50 LAKH EACH TO THEN ADDITIONAL COMMISSIONER AND DEPUTY COMMISSIONER OF INCOME TAX FOR CAUSING LOSS OF RS.4.16 CRORE (APPROX) TO GOVERNMENT EXCHEQUER...
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CCI (Competition Assessment of Economic Legislations & Policies) Guidelines, 2016
The Competition Commission of India (Competition Assessment of Economic Legislations and Policies) Guidelines, 2016 (Framed under section 49 (1) and (3) of the Competition Act, 2002) The Competition C...
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Generate EVC through AXIS, SBI & Canara bank ATMs
Update on 28.07.2016- 28/07/2016 Electronic Verification Code (EVC) can be generated through State Bank of India, AXIS bank and Canara bank ATMs. This will facilitate these bank’s customers, who may n...
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Income Tax return Due date extended to 05.08.2016
F.No. 225/195/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, IT.II Division New Delhi, the 29th of July, 2016 Order under Section...
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Income Tax Return filing date in Jammu & Kashmir extended
Extension of date of filing of Income Tax Return in the area of Jammu and Kashmir F.No. 225/195/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes...
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Dept to accept Income Tax Returns on Saturday & Sunday
F.No.225/195/2016/ITA.II Government of India Ministry of Finance Depertrnen1 of Revenue Central Boland of Direct Taxes North Block., New Delhi, the 29th of July, 2016 Order UnderSection 119(1) of the...
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Clubbing of Income under Income Tax Act, 1961 with FAQs
Clubbing of income means Income of other person included in assessee’s total income, for example: Income of husband which is shown to be the income of his wife is clubbed in the income of Husband and...
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Clarification on attaining Age of 60 /80 years for Income Tax
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No. 28/2016-Income Tax North Block, New Delhi dated the 27th of July, 2016 Subject: Clarification r...
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Rules for grant of Foreign Tax Credit
Analysis of Rules for grant of Foreign Tax Credit Computation of Foreign Tax Credit (‘FTC’) in case ofassessee’s with cross border payments has been a major hassle for tax professionals. Absence of we...
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Order No. 140 of 2016- Postings/Transfers in the grade of ACIT/DCIT
F.No. A-22013/2/2016-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi-110 001. Date: 26.07.2016 Order No. 140 of 2016 The foll...
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CBDT enables view of CIB, AIR & other info of Cases Selected in CASS
CASS – Instruction No. 2 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 F.No. System/ITBA/Instruction/Assessment/ CASS Cycle 2/2016-17/ Date...
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Draft Rules for prescribing amount of share buyback U/s. 115QA
F No 370133/30/201 6-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******* New Delhi, Dated 25th July, 2016 Subject: Draft Rules for prescribing the m...
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Monitoring of Income Declaration Scheme, 2016 Awareness Programmes
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 24th June, 2016 To, The Principal CCsIT (All Stations) Sir / Madam, Sub: Monitoring of Income Dec...
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Clarification regarding News Report on Tax Defaulter Arrest
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 21st June, 2016. Sub: – Clarification regarding News Report on Arrest of Tax Defaul...
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CBDT notifies 37 new districts as backward areas
CBDT notifies 9 districts in the State of Telangana, 11 Districts in the State of West Bengal and 17 Districts in State of Bihar as backward areas under the first proviso to clause (iia) of sub-sectio...
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Revised deceleration under Income Declaration Scheme 2016 enabled
CBDT has amended Income Declaration Scheme Rules, 2016 to amended form 1 related to deceleration of undisclosed Income and incorporated option to file Revised Return under the scheme. In case of revis...
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CBDT introduces Paperless PAN & TAN application process -
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 22nd July, 2016. Sub :- Ease of Doing Business – Paperless PAN & TAN application process. For fas...
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Order No. 135 of 2016 – Transfer & Posting in CIT grade
F.No. A-22011/2/2016-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi-110 001. Date 20.07 2016 Order No. 135 of 2016 The follo...
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Revised Payment Schedule: Income Declaration Scheme, 2016
MINISTRY OF FINANCE (Department Of Revenue) NOTIFICATION No. 59/2016 New Delhi, the 20th July, 2016 S.O. 2476(E).– In exercise of the powers conferred by section 187 of the Finance Act, 2016 (28 of 20...