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 …
Tag: CBDT
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.
Clause 31 of Tax Audit Form 3CD Amended from 19 Jul 2017: CBDT Notification 58/2017
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, …
CBDT Amends Rule 29B and Form 15C (Income-tax 19th Amendment Rules, 2017)
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.