Day: July 14, 2016

ICAI-Inviting views/suggestions/recommendations on the feasibility of having a new financial year as per finance ministry initiative

Dear Professional Colleagues, Sub: Inviting views/suggestions/recommendations on the feasibility of having ‘a new financial year’. This is to inform your goodselves that the Government of India has constituted a Committee to examine the desirability and feasibility of having ‘a new financial year’. The Committee headed by Dr. Shankar Acharya …

Income Declaration Scheme ICDS 2016 Clarifications. CBDT Circular 27/2016 clarifying effective rate and 10 new FAQ to address further queries

Income Declaration Scheme ICDS 2016 Clarifications clarifying effective rate and 10 new FAQ  to address further queries  Circular No. 27 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 14th day of July, 2016 Clarifications on the …

Income Tax Compulsory manual selection of cases for scrutiny criteria FY 2016-2017. CBDT Instruction No. 4/2016

Compulsory manual selection of cases for scrutiny criteria during the Financial Year 2016-2017 Instruction No. 4/2016 Government of IndiaMinistry of FinanceDepartment of Revenue (CBDT) North-Block, New DelhiDate: 13th of July, 2016 ToAll Pr. Chief-Commissioners of Income-tax/Chief-Commissioners of Income-taxAll Pr. Directors-General of Income-tax/Directors-General of Income-tax   Sir/Madam Subject: Compulsory …