Category: Income Tax
The Direct Taxes Committee of ICAI has published a "Technical Guide on Income Computation and Disclosure Standards (ICDS) - First Edition July, 2017", in view of the fact that 10 Nos. …
CBDT had notified revised ICDS (I to X) applicable from FY/ PY 2016-17 (AY 2017-18) excluding the cases of Individuals and HUF not subject to Tax audit. Also, Form …
CBDT has notified new simplified ITR Forms for AY 2017-18, i.e. Form ITR 1 Sahaj, ITR 2, ITR 3, ITR 4 Sugam, ITR 5, ITR 6, ITR 7 and …
CBDT has notified the final IT rules relating to "Valuation of Unquoted Equity Share" for the purposes of section 56 and section 50CA of the Income-tax Act, 1961, i.e. valuation …
The CBDT has issued Guidelines (Procedure/ Criteria) for Compulsory Manual Selection of Returns/ Cases (Non-CASS) for the Scrutiny to be conducted during the financial-year 2017-18.
The CBDT has notified amendments in "Clause 31 relating to particulars required under IT Section 269SS/ 269T" in the Tax Audit Report Form 3CD prescribed under IT Section 44AB, …
The CBDT has notified the Income-tax (19th Amendment) Rules, 2017, whereby the Income Tax Rule 29B and Form 15C have been amended, applicable w.e.f. 4 July 2017.
In relation to the provisions under Section 269ST of the Income Tax Act, 1961 on prohibition of cash receipts above Rs. 2 lacs, the CBDT has notified exemptions/ cases …
CBDT has amended clause 31 of the Tax Audit Report Form 3CD w.e.f. 19 Jul. 2017. Further, Forms 3CA, 3CB and 3CD of Tax Audit Reports were substantially amended w.e.f. …
CBDT has clarified that each instalment is a separate transaction and hence installments paid against a loan shall not be aggregated for the purposes of determining applicability of the provisions …