| List of CBDT Income Tax Notifications 2016 (No./ Date/ Particulars) |
CBDT Income Tax Notification 124/2016 dt. 29/12/2016: CBDT notifies extension of the cut-off date for DTDRS 2016 from 31/12/2016 to 31/01/2017.
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CBDT Income Tax Notification 123/2016 dt. 28/12/2016: CBDT notifies the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax (Amendment) Rules, 2016.
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CBDT Income Tax Notification 120/2016 dt. 21/12/2016: CBDT notifies the Income-tax ( 35th Amendment) Rules, 2016, to amend FATCA Rules w.r.e.f. 07/08/2015.
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CBDT Income Tax Notification 117/2016 dt. 16/12/2016: CBDT notifies jurisdictional Principal Commissioner or Commissioner, for the purposes of declaration filed electronically using EVC/ digital signature u/s 199C(1) of the Finance Act, 2016.
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CBDT Income Tax Notification 116/2016 dt. 16/12/2016: CBDT notifies the ‘Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana (PMGKY) Rules, 2016.
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CBDT Income Tax Notification 115/2016 dt. 16/12/2016: CBDT notifies 17/12/2016 as the date on which provisions of the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana (PMGKY) 2016 comes into force. Also CBDT notifies 31/03/2017 as the last date for making a declaration under these Rules.
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CBDT Income Tax Notification 107/2016 dt. 28/11/2016: CBDT notifies amended IT Rule 12CC (along with new Income Tax Forms 64E & 64F) for furnishing of Statement of Income Distributed by a Securitisation Trust u/s 115TCA of the Income Tax Act, 1961.
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CBDT Income Tax Notification 106/2016 dt. 21/11/2016: CBDT notifies the Income-tax (32nd Amendment) Rules, 2016, to amend IT Rule 10V.
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CBDT Income Tax Notification 105/2016 dt. 16/11/2016: CBDT notifies the Income-tax (31st Amendment) Rules, 2016, to insert new IT Rule 12E on ‘Prescribed authority u/s 143(s)’.
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CBDT Income Tax Notification 104/2016 dt. 15/11/2016: CBDT notifies the Income-tax (30th Amendment) Rules, 2016, to amend IT Rules 114B & 114E for reporting in SFT of cash deposit transactions in Banks/ Post Office during demonetization.
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CBDT Income Tax Notification 103/2016 dt. 07/11/2016: CBDT notifies the Income-tax (29th Amendment) Rules, 2016, to insert proviso to IT Rule (5(1) to restrict depreciation on any block of asset upto 40% in the case of a domestic company which has exercised option u/s 115BA(4) of the Income Tax Act 1961.
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CBDT Income Tax Notification 102/2016 dt. 28/10/2016: CBDT notifies that the revised DTAA between Indian and Japan to be effective from 29/10/2016.
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CBDT Income Tax Notification 99/2016 dt. 25/10/2016: CBDT notifies the Prohibition of Benami Property Transactions Rules, 2016, applicable w.e.f. 01/11/2016.
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CBDT Income Tax Notification 96/2016 dt. 24/10/2016: CBDT notifies that the revised DTAA between Indian and Korea to be effective from 12/09/2016.
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CBDT Income Tax Notification 94/2016 dt. 17/10/2016: CBDT notifies the Income-tax (28th Amendment), Rules, 2016 to insert ‘PART VII-BA’ on ‘Special Provisions Relating to Tax on Distributed income of Domestic Company for Buy-Back of Shares’, under the Income Tax Rules, applicable w.e.f. 01/06/2016.
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CBDT Income Tax Notification 93/2016 dt. 14/10/2016: CBDT specifies that the reconstruction or splitting up of a company which ceased to be a public sector company as a result of transfer of its shares by the Central Government, into separate companies, shall be deemed to be a demerger subject to certain conditions, in terms of Explanation 5 to Section 2(19AA).
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CBDT Income Tax Notification 92/2016 dt. 07/10/2016: CBDT notifies the Income-tax (27th Amendment) Rules, 2016, to amend IT Rule 17CA(4).
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CBDT Income Tax Notification 91/2016 dt. 06/10/2016: CBDT notifies the Income-tax (26th Amendment) Rules, 2016, to amend IT Rules 114D and 114E relating to submission of Form 60 (SFT).
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CBDT Income Tax Notification 90/2016 dt. 05/10/2016: CBDT notifies the Income-tax (25th Amendment) Rules, 2016, to insert new IT Rule 129 on ‘Form of application u/s 270AA’, applicable w.e.f. 01/04/2017.
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CBDT Income Tax Notification 89/2016 dt. 04/10/2016: CBDT notifies the Income-tax (24th Amendment) Rules, 2016, to insert new IT Rule 6A on ‘Expenditure for obtaining right to use spectrum for telecommunication services’.
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CBDT Income Tax Notification 88/2016 dt. 29/09/2016: CBDT notifies the Income-tax (23rd Amendment) Rules, 2016, applicable w.e.f. 01/04/2017 to make revised ICDS related amendments in Form 3CD. Read More…
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CBDT Income Tax Notification 87/2016 dt. 29/09/2016: CBDT notifies revised ‘Income Computation and Disclosure Standards (ICDS I to ICDS X)’ to be followed by all assessees following the mercantile system of accounting (except individuals/ HUF not subject to tax audit), for the purposes of computation of income chargeable to income-tax under the head “Profits and gains of business or profession” or “Income from other sources”, applicable from AY 2017-18 and onwards. Read More…
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CBDT Income Tax Notification 86/2016 dt. 29/09/2016: CBDt rescinds Notification 32/2015 dt. 31/03/2015 on the ‘Income Computation and Disclosure Standards (ICDS)’.
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CBDT Income Tax Notification 85/2016 dt. 28/09/2016: CBDT notifies 7 backward districts in Andhra Pradesh (i.e. Anantapur, Chittoor, Cuddapah, Kurnool, Srikakulam, Vishakhapatnam and Vizianagaram) for tax incentives u/s 32AD(1) & 32(1)(iia), i.e. any new manufacturing undertaking set up in these districts during April 2015 to March 2020 shall be eligible for tax benefits of 15% higher/ additional depreciation and 15% investment allowance towards cost of plant and machinery acquired during the said period, besides other tax rebates/ benefits available as per provisions of the Income-Tax Act.
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CBDT Income Tax Notification 84/2016 dt. 16/09/2016: CBDT notifies the Income-tax (22nd Amendment) Rules, 2016 to amend IT Forms 64A/ 64B (Statement of income distributed by a business trust under section 115UA of the Income-tax Act,1961) applicable w.e.f. 01/04/2016.
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CBDT Income Tax Notification 81/2016 dt. 09/09/2016: CBDT notifies exemption from TDS u/s 197A(1F) from payments of the nature specified u/s 193, 194A or 194I in the case of ‘Tirumala Tirupati Devasthanams’, Tirupati, Andhra Pradesh.
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CBDT Income Tax Notification 76/2016 dt. 02/09/2016: CBDT notifies the Tax Information Exchange Agreement between India and Maldives, effective from 02/08/2016.
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CBDT Income Tax Notification 75/2016 dt. 19/08/2016: CBDT notifies the Income-tax (21st Amendment) Rules, 2016, to insert IT Rule 37CB relating to ‘Class or classes of buyers to whom provisions of sub-section (1D) of section 206C shall not apply’.
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CBDT Income Tax Notification 70/2016 dt. 17/08/2016: CBDT notifies the Income Declaration Scheme, (Third Amendment) Rules, 2016, to amend the ‘Income Declaration Scheme Rules, 2016’ [Notification 70/2016 , 60/2016 & 33/2016 ].
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CBDT Income Tax Notification 70/2016 dt. 12/08/2016: CBDT notifies the Income Declaration Scheme, (Second Amendment) Rules, 2016, to amend the ‘Income Declaration Scheme Rules, 2016’ [Notification 60/2016 & 33/2016 ].
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CBDT Income Tax Notification 68/2016 dt. 11/08/2016: CBDT notifies 19/07/2016 as the effective date for Protocol amending the DTAA between India and Mauritius.
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CBDT Income Tax Notification 67/2016 dt. 09/08/2016: CBDT notifies the Income-tax (20th Amendment) Rules, 2016, to amend Form 10A.
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CBDT Income Tax Notification 66/2016 dt. 09/08/2016: CBDT notifies that ‘Cost Accountants/ Firms’ having PAN Number have been added in the list of Qualified E-Return Intermediaries, which presently includes CA, CS and Advocates. It may be noted that CAs and Advocates were initially added when the Electronic Furnishing of Return of Income Scheme, 2007 was notified vide Notification 210/2007 and subsequently Company Secretaries were included vide amendment Notification 70/2009.
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CBDT Income Tax Notification 60/2016 dt. 20/07/2016: CBDT notifies the Income Declaration Scheme, (Amendment) Rules, 2016, to amend the ‘Income Declaration Scheme Rules, 2016’ [Notification 33/2016 dt. 19/05/2016].
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CBDT Income Tax Notification 59/2016 dt. 20/07/2016: CBDT modifies certain deadlines for making declaration, payment of tax/ penalty, etc. under the IDS 2016 [Notification 32/2016 dt. 19/05/2016].
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CBDT Income Tax Notification 57/2016 dt. 14/07/2016: CBDT notifies the price variation tolerance limits for Arm’s Length Price (ALP) determination u/s 92C for the purpose of transfer pricing, in respect of AY 2016-17. Read More…
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CBDT Income Tax Notification 56/2016 dt. 06/07/2016: CBDT directs that no public servant shall produce before any person or authority any such document or record or any information or computerised data or part thereof as comes into his possession during the discharge of official duties in respect of a valid declaration made under ‘the Income Declaration Scheme, 2016’, contained in Chapter IX of the Finance Act, 2016.
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CBDT Income Tax Notification 55/2016 dt. 28/06/2016: CBDT notifies the Income-tax (19th Amendment), Rules, 2016. New IT Rules 11UB, 11UC & 114DB have been inserted along with Form 3CT & 49D pertaining to ‘Determination of Fair Market Value of Assets and Apportionment of Income’ in certain cases. These Rules prescribes, i) the manner of computation of fair market value (FMV) of Indian and global assets of the foreign company or entity, ii) determination of income attributable to assets situated in India, and iii) information or documents required to be maintained and furnished by the Indian concern under section 285 of the Act.
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CBDT Income Tax Notification 54/2016 dt. 27/06/2016: CBDT notifies new IT Rule 128 on ‘Foreign Tax Credit (FTC)’ whereby an assessee, being a resident shall be allowed a credit for the amount of any foreign tax paid by him in a country or specified territory outside India.
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CBDT Income Tax Notification 53/2016 dt. 24/06/2016: CBDT notifies relaxation for certain Non Residents not having permanent account number (PAN) from applicability of higher rate TDS (i.e. @20%) u/s 206AA on certain payments, provided such non-resident submits his Tax Identification Number (TIN), etc. required details.
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| CBDT Income Tax Notification 11/2016 DIT Systems dt. 22/06/2016: CBDT prescribed revised procedure for online submission of TDS/ TCS return at e-filing website. |
CBDT Income Tax Notification 49/2016 dt. 22/06/2016: CBDT notifies the Income-tax (16th Amendment) Rules, 2016, to make GAAR applicable from 01/04/2017.
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CBDT Income Tax Notification 48/2016 dt. 20/06/2016: CBDT notifies the Income-tax (15th Amendment) Rules, 2016.
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CBDT Income Tax Notification 47/2016 dt. 17/06/2016: CBDT notifies that no TDS is to be deducted under Chapter XVII of Income Tax Act, on specified payments, in case such payment is made by a person to a Scheduled Bank (excluding a foreign bank) or to any payment systems company authorised by the RBI.
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CBDT Income Tax Notification 43/2016 dt. 02/06/2016: CBDT notifies the Income-tax (14th Amendment) Rules, 2016. IT Rule 8D amended to provide that disallowance u/s 14A can’t exceed Total Expenditure Claimed by Assessee.
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CBDT Income Tax Notification 39/2016 dt. 31/05/2016: CBDT notifies the Income-tax (11th Amendment) Rules, 2016, to amend due date for submission of TDS return for cases where TDS is deducted u/s 194IA for aligning the TDS return due date with the TDS Deposit due date.
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CBDT Income Tax Notification 38/2016 dt. 27/05/2016: CBDT notifies the Equalisation Levy Rules 2016 applicable w.e.f. 01/06/2016.
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CBDT Income Tax Notification 37/2016 dt. 27/05/2016: CBDT notifies 01/06/2016 as the commencement date for the provisions under Chapter VIII of the Finance Act 2016, relating to Equalization Levy.
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CBDT Income Tax Notification 35/2016 dt. 26/05/2016: CBDT notifies the Direct Tax Dispute Resolution Scheme (DTDRS) Rules, 2016, applicable w.e.f. 01/06/2016.
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CBDT Income Tax Notification 34/2016 dt. 26/05/2016: CBDT notifies 31/12/2016 as the appointed date on or before which a person may make a declaration to the designated authority in respect of tax arrear or specified tax under the Direct Tax Dispute Resolution Scheme (DTDRS) 2016.
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CBDT Income Tax Notification 33/2016 dt. 19/05/2016: CBDT notifies the ‘Income Declaration Scheme Rules, 2016’, applicable w.e.f. 01/06/2016.
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CBDT Income Tax Notification 32/2016 dt. 19/05/2016: CBDT notifies certain deadlines for making declaration, payment of tax/ penalty, etc. under the IDS 2016.
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CBDT Income Tax Notification 8/2016 DIT Systems dt. 04/05/2016: CBDT prescribes procedure for Submission of Form 15CC by an Authorised Dealer reg. Remittances. Read More…
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| CBDT Income Tax Notification 7/2016 DIT Systems dt. 04/05/2016: CBDT prescribed the Procedure for Submission/ e-filing of Declaration in Form 15G/ 15H. Read More… |
CBDT Income Tax Notification 6/2016 DIT Systems dt. 04/05/2016: Prescribed procedure for online/ e-filing of quarterly TDS/ TCS return or statement through e-filing portal of the Income Tax Dept.
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CBDT Income Tax Notification 5/2016 DIT Systems dt. 06/04/2016: Process of generation of ‘electronic verification code (EVC)’ for e-filing of Appeals in Form 35.
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CBDT Income Tax Notification 30/2016 dt. 29/04/2016: CBDT notifies the Income-tax (11th Amendment) Rules, 2016. to prescribe New/ Revised Quarterly TDS Return Due Dates and also to insert new IT Rule 26C w.e.f. 01/06/2016, which requires submission of evidence/ proof/ supporting documents in Form 12BB by employees for claiming certain deductions from salary income.
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| CBDT Income Tax Notification 4/2016 DIT Systems dt. 06/04/2016: Procedure for Online Registration & e Filing of Form 61B u/s 285BA(1). Read More… |
CBDT Income Tax Notification 21/2016 dt. 23/03/2016: CBDT notifies the Income-tax (8th Amendment) Rules, 2016, to insert clause (ix) in IT Rule 17C.
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CBDT Income Tax Notification 19/2016 dt. 18/03/2016: CBDT notifies the Income–tax (7thAmendment) Rule, 2016 to amend scope of IT Rule 114E on Annual Information Return to further cover/ regulate reporting under Statement of Financial Transactions also, w.e.f. 01/04/2015.
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CBDT Income Tax Notification 18/2016 dt. 17/03/2016: CBDT notifies the Income-tax (6th Amendment) Rules, 2016, to insert new IT Rule 8AA on ‘Method of determination of period of holding of capital assets in certain cases’ w.e.f. 01/04/2016.
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| CBDT Income Tax Notification 14/2016 dt. 15/03/2016: CBDT notifies the ‘Income Tax (5th Amendment) Rules 2016’, to insert new IT Rules 10V, 10VA & 10VB relating to guidelines for applicability of Section 9A to off-shore fund managers. Further, new forms 3CEJ & 3CEK have been inserted. |
CBDT Income Tax Notification 8/2016 dt. 19/02/2016: CBDT notifies exemption from specified incomes u/s 10(46) subject to certain conditions in the case of ‘Competition Commission of India’ in respect of FY 2016-17 to 2020-21.
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| CBDT Income Tax Notification 7/2016 dt. 19/02/2016: CBDT has notified the ‘Atal Pension Yojana (APY)’ as a pension scheme for the purposes of claiming deduction under S. 80CCD of the Income Tax Act. Read More… |
CBDT Income Tax Notification 6/2016 dt. 18/02/2016: CBDT notifies the tax free bonds of NABARD, u/s 10(15)(iv)(h) of the Income Tax Act 1961.
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CBDT Income Tax Notification 1/2016 DIT Systems dt. 19/01/2016: Additional modes for generation of ‘electronic verification code (EVC)’ in respect of e-filed returns.
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CBDT Income Tax Notification 3/2016 dt. 14/01/2016: CBDT notifies the Income-tax (1st Amendment) Rules, 2016, applicable w.e.f. 01/04/2016.
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CBDT Income Tax Notification 2/2016 dt. 13/01/2016: CBDT notifies 19/11/2015 as the effective date for Protocol amending the DTAA between India and Belarus.
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| CBDT Income Tax Notification 1/2016 dt. 12/01/2016: Corrigendum to Notification 93/2015. Read More… |