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CBI Register disproportionate assets case against Director (Investigation), Settlement Commission, Chennai
CBI REGISTERS A CASE AGAINST A SENIOR INCOME TAX OFFICER (IRS-88 BATCH) AND OTHERS FOR POSSESSION OF ALLEGED DISPROPORTIONATE ASSETS TO THE TUNE OF RS. 6.1 CRORE (APPROX) The Central Bureau of Investi...
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Issue Questionnaire with First Notice in scrutiny cases: CBDT
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Instruction No. 19/2015 Dated the 29th of December, 2015 To All Pr. Chief-Commissione...
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Clarification on Scope of scrutiny in cases selected through CASS
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Instruction No. 20/2015 Dated-29th of December, 2015 Subject: Scrutiny Assessments-so...
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TDS U/s. 194A of the Act on interest on fixed deposit made on direction of Courts-regd
F. No. 279/Misc/140/2015-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No. 23/2015 New Delhi Dated- 28th December, 2015 Subject: TDS under se...
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No LPG subsidy if Taxable Income Exceeds Rs. Ten lakh
Press Information Bureau Government Of India Ministry of Petroleum & Natural Gas (Dated: 28-December, 2015 16:06 IST ) Benefit of LPG subsidy will not be available if the consumer or his/her spouse ha...
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TDS under section 194A of the Act on interest on fixed deposit made on directions of Courts
CBDT Circular No. 23 dated 28 December 2015 TDS under section 194A of the Act on interest on fixed deposit made on directions of Courts - reg. Section 194A of Income Tax Act, 1961 ("the Act") stipulat...
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India enters DTAA with Macedonia
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 94/2015 (INCOME TAX) New Delhi, the 21st December, 2015 S.O. (E) – Whereas, an Agreement was entered into between the G...
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Income Tax Notice to Contain email & Phone Number of officer issuing notice
F.No.Dir. (Hqrs.)/CH(DT)/29/2015/2030 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES North Block, New Delhi, Dated : 15/12/2015 To 1. All Members of CBDT 2...
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MAT on foreign companies for the period prior to 1.04.2015-reg
F.No.153 /12/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) New Delhi, Dated- 23rd December, 2015 Subject: Applicability of Minimum...
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Draft Guiding Principles for determination of Place of Effective Management (POEM) of a Company
F. No. 142/11/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 23rd December, 2015 Subject: – Draft Guiding Principles for determination of P...
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CBDT - Facilitating Taxpayers' electronic interface with the Department
CBDT Press Release dated 15-12-2015 Facilitating Taxpayers' electronic interface with the Department - reg.- I am directed to refer to subject mentioned above and to say that the Revenue Secretary has...
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CBDT modifies rules related to payments to Non-resident (Form 15CA & 15CB)
Recently the CBDT has modified the rules related to filing of Form 15CA & 15CB through Notification No: 93/2015 Dated: 16/12/2015 . These rules has provided clarification regarding the filing of detai...
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e-TDS/TCS RPU version 1.4 for Statement(s) from FY 2007-08 onwards released
Key Features – Return Preparation Utility (RPU) version 1.4 ♠ Remark ‘B’ is made applicable for Section code 194DA for Form 26Q, FY 2015-16, Q3 onwards. ♠ Addition of challan (i.e. C9 correction) in c...
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NSDL releases New e-TDS/TCS File validation utility wef 19.12.2015
e-TDS/TCS File validation utility (FVU) version 2.145 for FY 2007-08 to FY 2009-10 and 4.9 for FY 2010-11 onwards are released Key Features – File Validation Utility (FVU) version 2.145 ♠ Addition of...
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Section 43B: CBDT clarifies Due date for payment of Employee Provident fund
F.No.279/Misc./140/201.5-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Income Tax Circular No. 22/2015 New Delhi, Dated- 17th December. 2015 Subject:-...
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CBDT Circular No 22 dated 17 December 2015
Allowability of employer's contribution to funds for the welfare of employees in terms of section 43B(b) of the Income Tax Act. As per section 43B of the Act certain deductions are admissible only on...
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CBEC increase Monetary Limit for Dept. appeals before CESTAT & High Courts
CBEC increase monetary limits for filing appeals by Department before CESTAT to Rs. 10 Lakh from Earlier 5 Lakh and to Rs. 15 Lakh for Appeal before High Court from Earlier Limit of Rs. 10 Lakh. Limit...
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Black Money : CBDT declares designated Income-tax authority
F.No. 225/322/2015/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, New Delhi, the 17th of December, 2015 ORDER In exercise of powers con...
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CBDT relaxes conditions for furnishing of Form 15CA& Form 15 CB
Furnishing of Information in Respect of Payments made to the Non-Resident Section 195 of the Income-tax Act empowers the Central Board of Direct Taxes to capture information in respect of payments mad...
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Measure taken by govt to enhance revenue collection and Ease Tax Compliance
The major highlights of the achievements of the Department are as follows INDIRECT TAX COLLECTIONS :In October 2015, indirect tax revenue (provisional) collections increased by 36.8% compared with col...