| List of CBDT Income Tax Notifications 2018 (No./ Date/ Particulars) |
CBDT Income Tax Notification 8/2018 Systems dt. 31/12/2018: CBDT notifies the procedure, format and standards for filing an application for grant of certificate for deduction of Income-tax at any lower rate or no deduction of Income-tax under Section 197(1) / collection of the tax at any lower rate under Section 206C(9) of the Income-tax Act, 1961 through TRACES. Read More…
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CBDT Income Tax Notification 7/2018 Systems dt. 27/12/2018: CBDT notifies amended procedure. Formats and Standards for issuance of Permanent Account Number (PAN).
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| CBDT Income Tax Notification 88/2018 dt. 18/12/2018: CBDT notifies Income-tax (14th Amendment) Rules, 2018. IT Rule 10DB amended relating to period for furnishing of the report under section 286(4). |
CBDT Income Tax Notification 86/2018 dt. 06/12/2018: CBDT notifies Income-tax (13th amendment), Rules, 2018. IT Rule 8AA(4) inserted to provide that in the case of a capital asset which became the property of the Indian subsidiary company in consequence to conversion of a branch of a foreign company, there shall be included the period for which the asset was held by the said branch of the foreign company and by the previous owner, if any, who has acquired the capital asset by a mode of acquisition referred to in clause (i) to (iv) of section 49(1) or section 115JG(1).
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| CBDT Income Tax Notification 85/2018 dt. 06/12/2018: CBDT notifies conditions u/s 115JG(1) for conversion into an Indian subsidiary company of a foreign company engaged in banking business in India through its branch. |
| CBDT Income Tax Notification 06/2018 (DIT Systems) dt. 06/12/2018: CBDT Clarification relating to No TDS u/s 194A for Income upto 50,000 in the case of Senior Citizens. Read More… |
CBDT Income Tax Notification 74/2018 dt. 26/10/2018: CBDT notifies amended IT Rules 28, 28AA, 28AB, 37G and 37H along with Revised Form 13 to implement E-process for issue of Certificate under Section 197/ 206C for Lower/ Nil Rate of deduction/ collection of Tax (TDS/ TCS) under Income Tax, vide Income-tax (Eleventh Amendment) Rules, 2018. Read More…
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| CBDT Income Tax Notification 72/2018 dt. 23/10/2018: CBDT Notifies the Income-tax (10th Amendment) Rules, 2018, whereby Form 36 and Form 36A relating to Form of Application for Appeals/ Memorandum of cross-objections to the Appellate Tribunal and IT Rules 47(1) &(2) have been amended along with relevant notes on procedure for submission thereof. |
CBDT Income Tax Notification 42/2018 dt. 30/08/2018: CBDT notifies the ‘Income-tax (9th Amendment), Rules, 2018‘, amends meaning of the term ‘balance sheet’ defined under IT Rule 11U(b) and inserts new IT Rule 11UAB on ‘Determination of fair market value (FMV) for inventory’ for the purpose of the IT Setion 28(via) applicable w.e.f. 01/04/2019 (AY 2019-20 onwards).
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CBDT Income Tax Notification 33/2018 dt. 20/07/2018: CBDT Notifies Amendments in Form 3CD (Tax Audit Report), applicable from 20/08/2018, vide Income-tax (8th Amendment) Rules, 2018, to prescribe new/ revised reporting requirements relating to GST, SFT, Cash Transactions, Transfer Pricing, GAAR, etc. Read More…
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CBDT Income Tax Notification 31/2018 dt. 13/07/2018: CBDT has notified the Income Tax (7th Amendment) Rules, 2018, whereby IT Rule 44E and IT Forms 34C, 34D, 34DA have been amended to seek unique tax identification number of the non-resident making application for advance ruling, etc.
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| CBDT Income Tax Notification 26/2018 dt. 13/06/2018: CBDT notifies ‘Cost Inflation Index (CII)’ for FY 2018-19 (AY 2019-20) at 280. Read More… |
CBDT Income Tax Notification 24/2018 dt. 24/05/2018: CBDT notifies relaxation for start-ups by way of exemption from provisions of Section 56(2)(viib) relating to restriction on issue of shares at a price exceeding their fair market value (FMV), in case the consideration is received from certain approved investors.
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CBDT Income Tax Notification 23/2018 Tax dt. 24/05/2018: CBDT notifies Income Tax (6th Amendment) Rules, 2018, to amend IT Rules 11U(a) and 11UA(2)(b) to debar Chartered Accountants (CAs) from conducting valuation of unlisted shares for determining fair market value (FMV) thereof as per Discounted Free Cash Flow Method.
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| CBDT Income Tax Notification 22/2018 dt. 08/05/2018: CBDT notifies certain companies and agreements for the purpose of Section 10(48A)(ii) of the Income-tax Act, 1961. |
| CBDT Income Tax Notification 19/2018 dt. 11/04/2018: CBDT Notifies the Income-tax (5th Amendment) Rules, 2018 to amend Rule 10VA(2) of Income Tax Rules, 1962. |
| CBDT Income Tax Notification 18/2018 dt. 09/04/2018: CBDT adds an option (i.e. ‘Transgender’) in Gender column of Form 49A/ 49AA (PAN Application), for Individual Applicants, vide Income–tax (Fourth Amendment) Rules, 2018. |
| CBDT Income Tax Notification 17/2018 dt. 06/04/2018: Transport allowance withdrawn by CBDT from 1 April, 2019 (FY 2018-19/ AY 2019-2020), vide Income-tax (Third Amendment) Rules, 2018. Read More… |
| CBDT Income Tax Notification 4/2018 Systems dt. 05/04/2018: CBDT notifies Revised Procedure for registration and online submission of Statement of Reportable Account (in Form 61B)’ by Prescribed Financial Institutions under IT Section 285BA read with IT Rule 114G. Read More… |
| CBDT Income Tax Notification 3/2018 Systems dt. 05/04/2018: CBDT notifies Revised Procedure for Registration and online Submission of ‘Statement of Financial Transactions (SFT)’ in Form 61A under IT section 285BA read with IT Rule 114E. Read More… |
| CBDT Income Tax Notification 2/2018 Systems dt. 05/04/2018: CBDT notifies procedures for Registration/ Submission of Form 61 under IT Rule 114D by any person who has accepted Form 60 for Transactions specified under IT Rule 114B. |
| CBDT Income Tax Notification 1/2018 Systems dt. 05/04/2018: CBDT notifies procedures for submission of Form 60 by any person not having Permanent Account Number (PAN) but who enters into any transaction specified under Rule 114B of the Income-tax Rules, 1962. |
| CBDT Income Tax Notification 16/2018 dt. 03/04/2018: CBDT notifies new ITR Forms applicable for FY 2017-18/ AY 2018-19 (Forms ITR-1 Sahaj, ITR-2, ITR-3, ITR-4 Sugam, ITR-5, ITR-6 and ITR-7). |
| CBDT Income Tax Notification 14/2018 dt. 13/03/2018: CBDT amends IT Notification dt. 22/06/2015. |
| CBDT Income Tax Notification 12/2018 dt. 22/02/2018: CBDT notifies the ‘Centralised Communication Scheme, 2018’ and has prescribed procedure for issuance of ‘e-notices’ under Income Tax law, to any person requiring him to furnish information or documents for the purpose of verification of information in his possession. |
| CBDT Income Tax Notification 10/2018 dt. 19/02/2018: CBDT notifies Income Tax (1st Amendment) Rules, 2018, to amend IT Rules 17A relating to the application procedure for registration of charitable or religious trusts under IT Section 12A. Also, Application Form 10A has been amended and the same is to be submitted digitally by the person authorised to submit ITR. |
| CBDT Income Tax Notification 9/2018 dt. 16/02/2018: CBDT notifies the ‘Contributory Health Service Scheme’ of the Department of Atomic Energy for the purposes of section 80D(2)(a) for the assessment year 2018-2019 and onwards. |
| CBDT Income Tax Notification 7/2018 dt. 16/02/2018: CBDT amends Notification 4/2018 Income Tax (page 3, line 19) to substitute “the Institute of Certified Management Accountants of India” with “the Institute of Cost Accountants of India”. |
| CBDT Income Tax Notification 4/2018 dt. 19/01/2018: CBDT notifies the “Tax Return Preparer (TRP) (Amendment) Scheme, 2018” and has amended Para 3 (eligibility for becoming a Tax Return Preparer), Para 4 (application procedure and age-limit), Para 9 (fee to be disbursed to TRP in First/ second/ Third year along with cap limit), etc. Read More… |