Category: Income Tax
The CBDT has Advised Tax Payers to verify Identities of Income Tax Search Officials by seeking/ inspecting the warrant of authorisation and check the identities of authorized Income Tax …
CBDT Prescribes Procedure for submission of Form 67 under IT Rule 116 relating to deduction for Foreign Tax Credit (FTC) while filing Statement/ Return of Income (ITR) by a Resident …
CBDT has issued draft New IT Rule 39A/ Form 28AA meant for Intimation/ Self-reporting of Estimated Income, Advance Tax Liability and Payment thereof by Companies and Tax Audit Cases …
As per News Reports (BS), the Income Tax Deptt is about to commence 'jurisdiction free income tax assessment system/ process' in a phased manner, with launch of it's pilot projects …
The CBDT has clarified that tax (TDS) on Interest Accrued on Deposits made under Capital Gains Account Scheme 1988 after the death of the Depositor is required to be …
The ICAI has issued exposure draft of "Revised Guidance Note on Report under S. 92E of Income Tax (Transfer Pricing)" after incorporating changes effected by the amendments made under Finance …
Earlier CBDT has extended ITR Fling due date (AY 2017-18) from 31 July 2017 to 5 Aug. 2017 for non-tax audit cases/ individuals. Now the due date for filing …
The CBDT has notified Income Tax (22nd Amendment) Rules 2017 for modification/ revision, with immediate effect, in Form 29B relating to MAT Audit Report u/s 115JB on Computation of Book …
In view of media reports indicating inconsistency in the data estimates made by different Govt. agencies in respect of number of taxpayers added after demonetization, the CBDT has issued a …
The CBDT has issued a Press Release indicating substantial increase in number of ITRs filed (24.7%) and direct tax collection figures as on 5 Aug. 2017 as against the …