| List of CBDT Income Tax Circulars 2016 (No./ Date/ Particulars) |
CBDT Income Tax Circular 43/2016 dt. 27/12/2016: Explanatory notes on provisions of the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016 as contained in chapter IX-A of the Finance Act, 2016.
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CBDT Income Tax Circular 42/2016 dt. 23/12/2016: CBDT clarifications (Part 2) by way of 8 FAQs on the Direct Tax Dispute Resolution Scheme (DTDRS), 2016.
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CBDT Income Tax Circular 41/2016 dt. 21/12/2016: CBDT Clarifications by way of 19 FAQs on provisions relating to ‘Indirect Transfer’ u/s 9(1)(i) of the Income Tax Act 1961.
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CBDT Income Tax Circular 39/2016 dt. 29/11/2016: CBDT clarifies that Transport, Power and Interest subsidies have been received by an Industrial Undertaking are revenue receipts and are eligible for claiming corresponding deductions u/s 80-IB, 80-IC etc.
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CBDT Income Tax Circular 38/2016 dt. 22/11/2016: CBDT has clarified that expenditure incurred by a Firm on Keyman Insurance Policy in the case of a Partner is admissible under Section 37 of Income Tax Act, 1961.
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CBDT Income Tax Circular 37/2016 dt. 02/11/2016: CBDT clarifies the issue whether higher profits resulting from disallowances/ adjustments by the AO, would also result in claim for higher profit linked deduction under Chapter VI-A.
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CBDT Income Tax Circular 36/2016 dt. 25/10/2016: CBDT clarifies that compensation received in respect of Compulsory Acquisition of Non agricultural Land is Tax Free. Read More…
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CBDT Income Tax Circular 35/2016 dt. 13/10/2016: CBDT clarifications on Applicability of TDS provisions u/s 194-I in the case of lump sum lease premium paid for acquisition of long term lease.
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CBDT Income Tax Circular 33/2016 dt. 12/09/2016: CBDT Clarifications by way of 14FAQs on the Direct Tax Dispute Resolution Scheme (DTDRS) 2016, contained in Chapter X of the Finance Act, 2016.
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CBDT Income Tax Circular 30/2016 dt. 26/08/2016: CBDT guidelines for Streamlining the process of No Objection Certification (NOC), Port Clearance Certificate (PCC), voyage return and voyage assessment in the case of Foreign Shipping Companies (FSCs).
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CBDT Income Tax Circular 29/2016 dt. 18/08/2016: CBDT Clarifications by way of 12 FAQs (Part 5) on the Income Declaration Scheme (IDS) 2016.
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CBDT Income Tax Circular 28/2016 dt. 27/07/2016: CBDT Clarification regarding attaining prescribed age of 60 years/ 80 years on 31st March itself, in case of Senior/ Very Senior Citizens whose date of birth falls on 1st April, for purposes of Income-tax Act, 1961. Read
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CBDT Income Tax Circular 27/2016 dt. 14/07/2016: CBDT Clarifications by way of 10 FAQs (Part 4) on the Income Declaration Scheme (IDS) 2016.
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CBDT Income Tax Circular 26/2016 dt. 04/07/2016: CBDT clarification regarding applicability of sections 197A(1D)/ 10(15)(viii) of the Income-tax Act, 1961 to interest paid by IFSC Banking Units (IBUs).
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CBDT Income Tax Circular 25/2016 dt. 30/06/2016: CBDT Clarifications by way of 11 FAQs (Part 3) on the Income Declaration Scheme (IDS) 2016.
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CBDT Income Tax Circular 24/2016 dt. 27/06/2016: CBDT Clarifications by way of 11 FAQs (Part 2) on the Income Declaration Scheme (IDS) 2016.
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CBDT Income Tax Circular 23/2016 dt. 24/06/2016: CBDT clarifications by way of 2 FAQs on Amendments in Section 206C of the Income-tax Act vide Finance Act 2016.
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CBDT Income Tax Circular 22/2016 dt. 06/06/2016: CBDT clarifications by way of 7 FAQs on scope of the provisions and the procedure to be followed regarding Amendment in Section 206C vide Finance Act 2016.
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CBDT Income Tax Circular 21/2016 dt. 27/05/2016: CBDT clarification regarding cancellation of registration u/s 12AA of the Income-tax Act, 1961 in certain circumstances.
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CBDT Income Tax Circular 20/2016 dt. 26/05/2016: CBDT extends the deadline for E-filing of appeals upto 15/06/2016 under IT Rule 45, in respect of appeals due upto 15/05/2016, in view of technical/ other issues being faced by appellants.
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CBDT Income Tax Circular 19/2016 dt. 23/05/2016: CBDT clarification regarding jurisdiction issues under IDS 2016.
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CBDT Income Tax Circular 18/2016 dt. 23/05/2016: CBDT has relaxed the condition of furnishing of Unique identification number allotted by the deductor, for the quarter ending 31/12/2015 and 31/03/2016, in view of representations that due to operational constraints the Form 15G/15H and the details thereof could not be included in the quarterly statement of deduction of tax in accordance with Rule 29C(5). Read More…
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CBDT Income Tax Circular 17/2016 dt. 20/05/2016: CBDT clarifications by way of 14 FAQs (Part 1) on the Income Declaration Scheme (IDS), 2016.
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CBDT Income Tax Circular 16/2016 dt. 20/05/2016: Explanatory Notes on Provisions of the Income Declaration Scheme (IDS) 2016 as contained in Chapter IX of the Finance Act, 2016.
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CBDT Income Tax Circular 15/2016 dt. 19/05/2016: Additional depreciation u/s 32(1)(iia) of the Income-tax Act, 1961.
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CBDT Income Tax Circular 14/2016 dt. 18/05/2016: Digital reporting of Form 60.
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CBDT Income Tax Circular 13/2016 dt. 06/05/2016: CBDT provides final opportunity for verification of tax-returns of Assessment Years 2009-10, 2010-11, 2011-12, 2012-13, 2013-14 and 2014-15 through EVC, which are pending due to non-filing of ITR-V Form.
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| CBDT Income Tax Circular 12/2016 dt. 30/05/2016: CBDT clarifies that claim for any bad debt or part thereof in any previous year, shall be admissible under section 36(1)(vii) of the Act, if it is written off as irrecoverable in the books of accounts of the assessee for that previous year. Read More… |
CBDT Income Tax Circular 11/2016 dt. 26/04/2016: CBDT directions on payment of interest on refund u/s 244A of excess TDS deposited u/s 195.
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CBDT Income Tax Circular 10/2016 dt. 26/04/2016: CBDT clarification on Commencement of limitation for penalty proceedings u/s 271D/ 271E. Read More…
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CBDT Income Tax Circular 9/DV/2016 dt. 26/04/2016: Commencement of limitation for penalty proceedings u/s 271D/ 271E. Read More…
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CBDT Income Tax Circular 7/2016 dt. 07/03/2016: CBDT Clarification regarding taxability of consortium members/ consortium of contractors, i.e. not treating as AOP, particularly in the case of EPC Contracts and Turnkey Projects.
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CBDT Income Tax Circular 6/2016 dt. 29/02/2016: CBDT instructions regarding taxability issue of surplus on sale of shares and securities (i.e. Capital Gains or Business Income) in order to reduce litigation.
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CBDT Income Tax Circular 4/2016 dt. 29/02/2016: CBDT clarification regarding applicability of TDS provisions of Section 194C on payments by broadcasters or television channels to production houses for contract of production of content or programme for telecasting.
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CBDT Income Tax Circular 3/2016 dt. 15/02/2016: CBDT clarification regarding nature of ‘Share buy-back transactions’ under Income-tax Act, 1961.
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| CBDT Income Tax Circular 1/2016 dt. 15/02/2016: CBDT clarification on the term ‘initial assessment year’ u/s 80IA(5). |