CBDT Extends Due Date for SFT Submission from 31 May to 30 June 2017
IT Section 285BA requires submission of "Statement of Financial Transaction (SFT)" in Form 61A for certain transactions of FY 2016-17 as prescribed under IT Rule 114E, latest by …
Tag: Orders
All About “Income Declaration Scheme 2016” (IDS 2016)
The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years …
CBDT Guidelines on Waiver of Interest for Assessee in Default
The CBDT has issued an Order u/s 119(2)(a) of the Income-tax Act, 1961 regarding Guidelines on Waiver of Interest charged u/s 201(1A)(i) in the case of Assessee in Default.
CBEC Constitutes GST Working Groups to address Concerns of Trade and Industry
Finalization of the Model GST Laws by the GST Council has set the stage for timely introduction of GST. Most of the issues have been addressed during the drafting …
Composite Claim Form (PF, EPS, EDLI) for Death cases notified by EPFO
EPFO Notifies Composite Claim Form for claims under PF, EPS (Pension) and EDLI (Insurance) in Death Cases applicable w.e.f. 3 Mar. 2017; existing claim Form No. 20 (PF), 10-D …
Composite PF Claim Forms (Aadhar/ Non-Aadhar) introduced by EPFO
EPFO has introduced new Composite Claim Forms (Aadhar/ Non-Aadhar) for PF Withdrawals (full/ partial) applicable w.e.f. 20 Feb. 2017. These forms have replaced the withdrawn Claim Forms 19, 10C …
Companies (Removal of Difficulties) Fourth Order, 2016 notified by MCA
The MCA has notified 'Companies (Removal of Difficulties) Fourth Order, 2016' for difficulties in transfer of proceedings relating to cases other than winding-up where hearings have been completed and …
MCA Constitutes Expert Group on Audit Rotation Issues concerning Indian CA Firms
MCA has constituted an expert group to address audit rotation issues raised by the domestic/ Indian CA firms, including review of restrictive conditions imposed by foreign investors with regard …
CASS Committee FY 2016-17 by CBDT for Effective Selection of Scrutiny cases
The CBDT has constituted CASS committee for FY 2016-17 for review and recommendations on modification or removal of existing rules, introduction of new rules, amendments in ITR/ Other Forms, …
CBDT Clarification on Delayed Issue of 143(1) Intimation in Non Scrutiny cases
CBDT extends prescribed time till 31 March 2017 in respect of valid ITR filed with refund claims in respect of AY 2012-2013, 2013-2014 and 2014-2015, i.e. clarifies the issue …