CBDT Notifies Revised IT Form 29B for MAT Audit Report
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 …
Tag: CBDT
CBDT Clarification on Number of Taxpayers added post Demonetization
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 …
Substantial Increase in ITR Filing (25%) and Income Tax Collection: CBDT
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 …
IT Deptt to remain Open till Midnight (5 Aug. 2017 Saturday) for Receiving ITRs: CBDT
In view of the difficulties being faced in e-filing, the CBDT has directed IT Deptt to remain open till midnight on 5th August 2017 (Saturday) for receiving ITRs from …
ITR Filing Due Date Extended to 5 August 2017 (AY 2017-18); PAN Aadhaar Linking by 31 Aug. 2017
The CBDT has tweeted that the ITR filing Due Date stands extended from 31 July 2017 to 5 August 2017 in respect of AY 2017-18, in view of difficulties …
CBDT’s 14 FAQs/ Clarifications on Book Profit Computation for MAT (Ind AS Compliant Companies)
CBDT has, vide Circular 24/2017 dt. 25 July 2017, issued 14 FAQs/ Clarifications on Book Profit Computation for the purpose of Levy of Minimum Alternate Tax (MAT) u/s 115JB of …
CBDT’s Revised ICDS (applicable from AY 2017-18) along with Clarifications/ FAQs
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 …
New Simplified ITR Forms for AY 2017-18 with Excel Utility/ Instructions for E-Filing
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 …
Final IT Rules on Valuation of Unquoted Equity Share (Section 56/ 50CA Income-tax) notified by CBDT
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 …
CBDT Guidelines on Compulsory Manual Selection of Scrutiny Cases during FY 2017-18
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.