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 …
Tag: CBDT
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.
Receipts/ Entities Exempt from IT Provisions u/s 269ST: CBDT Notification 57/2017
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 …
Tax Audit Report – Revised Forms 3CA, 3CB & 3CD (AY 2017-18)
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 Clarification on Aggregation of Loan Installments u/s 269ST by NBFCs and HFCs
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 …
Aadhaar Mandatory for PAN Application w.e.f. 1 July 2017: CBDT
CBDT has notified that quoting of Aadhaar/ Enrollment Number is mandatory w.e.f. 1 July 2017 for new PAN Application in Form 49A thru the Income-tax (17th Amendment) Rules, 2017, …
Form 3CED Amended by CBDT: Application for Advance Pricing Agreement (APA)
The CBDT has notified amendments to Form 3CED relating to Application for Advance Pricing Agreement (APA) thru Income-tax (16th Amendment) Rules, 2017, whereby additional particulars (i.e. TIN, etc.) have …