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Agreement between India and Thailand for Exchange of Information with respect to taxes
GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 88/2015 (INCOME TAX) New Delhi, the 1st December, 2015 S.O. (E).- Whereas, an Agreement between the Government of the R...
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CBDT notifies annual circular for TDS on salary for FY 2015-16
CBDT Circular No. 20 of 2015 CBDT notifies annual circular for TDS on salary for FY 2015-16 Subscribers please click here to get the full text.
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Expeditious issue of refunds below Rs. 50,000 in non-CASS cases for AYs 2013-14 and 2014-15.
CBDT Instruction dated 2-12-2015 Expeditious issue of refunds below Rs. 50,000 in non-CASS cases for AYs 2013-14 and 2014-15. Highlights Expeditious issue of refunds below Rs.50,000/- in non-CASS(comp...
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Shri A.K. Jain, Member, CBDT to discharge duties of CBDT Chairperson till further orders
Press Information Bureau Government of India Ministry of Finance 30-November-2015 16:54 IST Shri A.K. Jain, Member, CBDT to discharge the duties and responsibilities of the post of Chairperson, CBDT i...
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Explanatory Notes to Provisions of Finance Act, 2015
F. No, 142/14/2015-TPL, Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) Dated, the 27th November, 2015 EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE...
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CBDT to finalise 50 to 60 APAs before the end of this fiscal
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 27th November, 2015 Subject : Signing Advance Pricing Agreements (APAs) – regarding...
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CBDT Invites Suggestions on Issues In ICDS
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 26th November, 2015 Subject: Income Computation and Disclosure Standards (ICDS) not...
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Govt may bring down Corporate Tax from 30% to 25%
Press Information Bureau Government of India Ministry of Finance 20-November-2015 Government Calls for Comments on Proposed Plan of Phasing-Out Exemptions and Deductions under the Income-Tax Act in Or...
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CBDT lays down roadmap for phasing out of exemptions/deductions to give way to corporate tax rate cut
TaxCorp Press Release dated 20 November 2015 CBDT lays down roadmap for phasing out of exemptions/deductions to give way to corporate tax rate cut The Government proposes to implement this decision in...
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SOP for filing appeals before Delhi High Court by the Revenue
SOP for filing appeals before Delhi High Court IT Department has issued Standard Operating Procedure (‘SOP’) for filing appeals, curing defective appeals and for effective representation by the Revenu...
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CBDT to CIT(E)- Pass order U/s. 12AA within prescribed time or face action
Instruction No. 16/2015 F.No.197/38/2015-ITA.1 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) (ITA-1 Division) North Block, ITA-I Division Dated, the 6th...
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Companies (Share Capital and Debentures) Third Amendment Rules, 2015
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i)] Government of India Ministry of Corporate Affairs NOTIFICATION New Delhi 6th November, 2015 G.S.R. .—In ex...
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RBI permits FCY-INR swaps with Multilateral or International Financial Institutions
RBI/2015-16/232 A.P. (DIR Series) Circular No. 28 November 5, 2015 To, All Authorised Dealer Category – I banks Madam / Sir, Risk Management & Inter-Bank Dealings: Relaxation of facilities for residen...
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Income Tax e-Sahyog Facility: What is?
All about Income Tax e-Sahyog Facility 1. About e-Sahyog 1.1 Overview Income Tax Department (ITD) has launched a new initiative e-Sahyog with a view to reduce compliance cost, especally for small taxp...
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Quick Analysis of Income-tax (16th Amendment) Rules, 2015
Transfer Pricing: Analysis of Income-tax (16th Amendment) Rules, 2015 The Finance (No. 2) Act, 2014 proposed to introduce a more streamlined method to compute Arm’s Length Price (“ALP”) in a situation...
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CBDT Circular No. 18 dated 2nd November 2015
Interest income earned by Banks from non-SLR securities taxable as business income and not “income from other sources”. In Nawanshahar Central Cooperative Bank Ltd., SC had held that investments made...
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Govt. notifies tolerance limit of 1% and 3% under new Transfer Pricing Rule
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii)1 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) [INCOME TAX] NOTIFICATION NO. 86/2015 New...
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Tax Audit Report Filing Due Date also extended to 31-10-2015
F.No.225/207/2015/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block , ITA. II Division New Delhi dated the 29th October , 2015 Corrigendum...
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Representation of cases before Authority for Advance Ruling-reg.
F.No. 225/26112015/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 28th of October, 2015 To All Pr.CCsIT/CCsIT/Pr.DsGIT/D...
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Inauguration of PAN Camps by FM at remote locations
Dated: 26-10-2015 To All The Pr.CCsIT/CCsIT The Pr. DGsIT/DGsIT Sir/Madam, Subject: Inauguration of PAN Camps by Hon’ble Finance Minister at remote locations – reg. The Hon’ble Finance Minister, Gover...