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7 lakh Income Tax Notices in respect of High Value Transactions
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 21st July, 2016. Press Release Sub : Income Tax Department to issue 7 lakh letters seeking Inform...
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Equalization Levy- Challan No.ITNS 285 for making Payment
As per Finance Bill of 2016, Equalization levy is applicable for certain specified services related to digital domain wherein the amount of consideration exceeds a specified value (threshold prescribe...
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Income Declaration Scheme, 2016- Payment Challan No. 286
Income Declaration Scheme, 2016 (IDS) The Income Declaration Scheme, 2016 is a part of the Finance Act, 2016. This scheme provides an opportunity to persons who have not paid taxes in full for previou...
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Implementation of Direct Tax Dispute Resolution Scheme 2016
F .No.279/Misc./M-74/2016-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******* New Delhi, the 19th July, 2016 To, All Principal Chief Commissioners o...
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Black money- Recent Steps & Sharing of info by foreign countries
Press Information Bureau Government of India Ministry of Finance 19-July-2016 Sharing of information of black money by foreign countries While there is no official estimation regarding black money of...
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Synchronisation of financial accounting year with calendar year
Press Information Bureau Government of India Ministry of Finance 19-July-2016 19:03 IST Synchronisation of financial accounting year with calendar year Government has constituted a Committee to examin...
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Detection of black money by Government
Press Information Bureau Government of India Ministry of Finance 19-July-2016 19:01 IST Detection of black money by Government Recognizing various limitations under the existing legislation [Income-ta...
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Notification on ALP determination in respect of wholesale trading
MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 14th July, 2016 Notification No. 57/2016 – INCOME TAX S.O. 2425(E).—In exercise of the powers conferred by the third proviso to...
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I-T Dept initiates Project Insight for effective information utilization
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 19th July, 2016. Press Release Sub : Income Tax Department signs contract with L & T Infotech Ltd...
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CBDT signs 7 more APAs on 18th July 2016
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 18th July, 2016. Press Release Sub : Signing of Advance Pricing Agreements by CBDT The Central Bo...
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Now apply PAN online using Aadhaar based e-Sign
New online PAN application facility has been launched for PAN applicants with an option of paperless submission of application using Aadhaar based e-Sign Applicant can select any one of the following...
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Now apply PAN online using Aadhaar based e-Sign
New online PAN application facility has been launched for PAN applicants with an option of paperless submission of application using Aadhaar based e-Sign Applicant can select any one of the following...
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Refund upto Rs. 5,000/- in non-CASS cases without demand adjustment
No. 312/67/2016-0T Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******************** New Delhi, Dated 14th July 2016 Office Memorandum Sub: – Expeditious...
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4th FAQs on Income Declaration Scheme, 2016
Circular No. 27 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated 14th day of July, 2016 Clarifications o...
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SIT report: Restrict Cash Transaction/Holding to curb black money
Extract of Fifth SIT Report (updated on 14th-July-2016) CHAPTER: I CASH HOLDINGS 1. Provision for curbing circulation of black money:–– (i) Section 40A(3) of The Income–Tax Act, 1961 (“I.T. Act”):–– U...
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Ban Cash Transactions & Holding above certain limit: SIT
Press Information Bureau Government of India Ministry of Finance 14-July-2016 Recommendations of SIT on Black Money as Contained in the Fifth SIT Report The Fifth SIT report has been submitted before...
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Income Declaration Scheme 2016-CBDT relaxes payment schedule
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 14th July, 2016 PRESS RELEASE Sub : The Income Declaration Scheme 2016 – Relaxation of time sched...
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Tax Rate is 45% not 31% on Income Declaration Scheme 2016: CBDT
Press Information Bureau Government of India Ministry of Finance Dated: 14-July-2016 Income Declaration Scheme 2016 – Government Issues Clarifications in the form of Fourth Set of Frequently Asked Que...
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Income Tax manual /Compulsory scrutiny criteria F.Y. 2016-2017
Instruction No. 4/2016 Government of India Ministry of Finance Department of Revenue (CBDT) North-Block, New Delhi Date: 13th of July, 2016 To All Pr. Chief-Commissioners of Income-tax/Chief-Commissio...
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CBDT on Delay in completion of Inquiry proceedings
GOVERNMENT OF INDIA Ministry of Finance/Department of Revenue Central Board of Direct Taxes North Block, New Delhi-110001 Tele : 011-23093356, Fax : 011-23092071 NISHI SINGH, IRS Member, CBDT & Specia...