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CBDT notifies rules for FMV of assets & Income attribution
Government Notifies Rules regarding Fair market value and reporting requirement for Indian concern – Indirect transfer provisions – section 9(1) of the Income-tax Act, 1961 CBDT has vide Notification...
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CBDT notifies rules for Foreign Tax Credit
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Income-tax...
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Posting of 4 Officers as Additional/Joint CIT(OSD) in Principal CCIT Region
Posting of Officers as Additional/Joint CIT(OSD) in the Principal CCIT Region – reg. Order No. 125 of 2016 – Dated: 27th June,2016 On return from Deputation, the following officers are, hereby, posted...
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CBDT’s Advisory on Canvassing of non-official or other influence
GOVERNMENT OF INDIA, MINISTRY OF FINANCE DEPARTMENT OF REVENUE, CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCES DEVELOPMENT) F.No. HRD/CM/104/2/2016-17/ Dated:27.06.2016 To, A...
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Publicity Campaign for Income Declaration Scheme-2016 with ICAI
GOVERNMENT OF INDIA Ministry of Finance/Department of Revenue Central Board of Direct Taxes North Block, New Delhi-110001 E-mail : chairmancbdt@nic.in Tele : 23092648 & Telefax : 23092544 ATULESH JIND...
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11 New FAQs on Income Declaration Scheme, 2016
F.No.142/8/2016-TPL Government Of India Ministry Of Finance Department Of Revenue Central Board Of Direct Taxes (TPL Division), New Delhi Circular No. 24/2016-Income Tax, Dated: June 27, 2016 Clarific...
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Revised Procedure for online submission of TDS/TCS statement
F. No. DGIT(S)-ADG(S)-2/e-filing notification/106/2016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 11/2016 New Delhi, Dat...
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New TDS/TCS RPU 1.6, FVU 5.1 & FUV 2.147 wef 28.06.2016
Due date for filing Quarterly TDS/TCS statement for Q1 (April to June) of FY 2016-17 is July 31, 2016 for all the categories of Deductors/Collectors. Do submit quarterly TDS/TCS statement on or before...
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List of Aayakar Seva Kendras to be set up & Instructions
List of 65 Aayakar Seva Kendras to be set up & Instructions DIRECTORATE OF INCOME TAX (ORGANISATION & MANAGEMENT SERVICES) EAST BLOCK-II, LEVEL-5, VIVEKANAND MARG R.K. PURAM, NEW DELHI-1 10066 48/1/20...
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Relaxation from deduction of tax at higher rate U/s. 206AA
F. No. 370142/16/2016-TPL GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Notification No. 53/2016-Income Tax New Delhi, the Dated: 24th June, 2016 INCOME-T...
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Invoice Value Exceeds Rs. 2 Lakh and Tax Provisions
Income Tax Provisions When Invoice Value Exceeds Rs. 2 Lakh LEGAL REQUIREMENTS UNDER INCOME TAX ACT WHEN SELLER OR SERVICE PROVIDER RECEIVED CONSIDERATION MORE THAN Rs. 2 lakh. 1. TAX COLLECTION AT SO...
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TCS on Sale of good/Services only if Cash Receipt exceeds 2 Lakh
F.No.370142/17/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division), New Delhi Circular No. 23/2016 Dated:24th June, 2016 Subject: Amendm...
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Requirement of PAN and TCS on Cash Transaction
In order to curbing the circulation of black money and widening tax base, the government has recently notified changes in the monetary limits that will require mandatory quoting of PAN with effect fro...
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Postings/transfers in the grade of ADIT/JCIT
Postings/transfers in the grade of Additional/Joint Commissioner of Income Tax – reg. F.No. A-22011/1/2016-Ad-VI Government Of India Ministry of Finance Department of Revenue (Central Board of Direct...
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Publicity for Income Declaration Scheme-2016
FTS-300298634/2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi. dated the 23rd June, 2016 OFFICE MEMORANDUM Subject: Publicity Campaign for In...
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Corrigendum to Income Tax Notification Number 46/2016
MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 52 /2016 (Income-tax) CORRIGENDUM New Delhi, the 23rd June, 2016 S.O. 2185(E).-In the notification of the G...
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CBDT notifies dates for General Anti Avoidance Rule
CBDT notified that MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 49/2016-Income Tax New Delhi, the 22nd June, 2016 S.O. 2179(E).-In exercise of the power...
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S. 10(23EE) CBDT notifies Core Settlement Guarantee Fund of NSCCL
MINISTRY OF FINANCE DEPARTMENT OF REVENUE (CENTRAL BOARD OF DIRECT TAXES) (Income-tax) NOTIFICATION NO. 51/2016 New Delhi, the 23rd June, 2016 S.O. 2184(E).-In exercise of the powers conferred by clau...
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S. 10(23EE) CBDT notifies Core Settlement Guarantee Fund of ICCL
CBDT notifies Core Settlement Guarantee Fund, set up by Indian Clearing Corporation Limited (ICCL), Mumbai for the purpose of clause (23EE) of section 10 of the Income-tax Act, 1961 MINISTRY OF FINANC...
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CBDT Strategies regarding Income Declaration Scheme, 2016
Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 22nd June, 2016 OFFICE MEMORANDUM In continuation to the letter F. No. 385/01/2015-IT(B) dated 31st May, 2016 of Memb...