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ABCAUS Income-Tax, Service Tax Updates

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03-03-2016
CIT Appeals E-Form 35 Format, Manner of Signing by DSC or EVC-CBDT Notification-11/2016
01-03-2016
Government Clarification- Tax Treatment for Recognised Provident Fund, EPF and NPS on withdrawal of 60 Percent proposed in Budget-2016-17
29-02-2016
Budget-2016-17 Direct tax proposed amendments
26-02-2016
Shares buyback between 01042000 to 31052013 to be taxed as capital gains u/s 46A not deemed dividend in view of section 2(22)(iv)-CBDT Circular-3/2016
26-02-2016
Shares buyback between 01042000 to 31052013 to be taxed as capital gains u/s 46A not deemed dividend in view of section 2(22)(iv)-CBDT Circular-3/2016
19-02-2016
FATCA, CRS implementation-CBDT Clarifications, Currency, Fixed Deposit Account, Custodian, HUF, NBFC and procedure for report furnishing
16-02-2016
Guidelines/Procedure-Furnishing Annual Information Return under Service Tax and Excise AIR Rules. Form AIRF from 01-04-2016-Notification 4/2016
16-02-2016
CBDT resolves disputes under Mutual Agreement Procedure (MAP) of Tax Treaties to the tune of Rs 5000 crore since April 2014 till date
15-02-2016
Income Tax Rectification Order u/s 154 to be passed in writing and be duly served upon the taxpayers concerned-CBDT Instruction 02-2016
15-02-2016
Rectification Order passing u/s 154-Time Limit of 6 months u/s 154(8) must be followed strictly by assessing officer-CBDT Instruction No. 01-2016
15-02-2016
Assessee has option u/s 80IA to choose initial/first assessment year from which deduction is claimed for 10 consecutive years-CBDT Circular-1/2016
15-02-2016
Guidelines/procedure for seeking information from Financial Intelligence Unit-India (FIU-IND) and confidentiality to be maintained-CBDT
08-02-2016
Issue of Online Certificate u/s 195(2) and 195(3) for lowerIno deduction as manual certificates not considered by CPC-TDS. Instruction No. 51- CBDT
05-02-2016
Disposal of Public Grievance on priority within 2 months in Centralised Public Grievance Redress and Monitoring System CPGRAMS -CBDT
05-02-2016
Income-tax Phishing email scam simple checks for taxpayers. Safeguards/steps taken by Department-CBDT
04-02-2016
Procedure-sending Income Tax email/electronic communication/Notices/replies. Formats, Standards for ensuring secured transmission-CBDT Ntification-02/2016
03-02-2016
Service tax Rebate/refund-taxable services received by exporter beyond factory, production, manufacture premises for export-Notification-01/2016
03-02-2016
Refund of Swachh Bharat Cess paid on services received by a unit in SEZ or Developers of SEZ-Service Tax Notification-02/2016
03-02-2016
Swachh Bharat Cess Rebate paid on all input services used in providing services exported in terms of Rule 6A-Service Tax Notification-03/2016
02-02-2016
DTAA between India and Belarus-Notification amending Protocol for exchange of information held by a bank, financial institutions in fiduciary capacity and secrecy
01-02-2016
Signing of two bilateral Advance Pricing Agreements (APAs) with United Kingdom. CBDT has so far signed 41 APAs (38 unilateral and 3 bilateral)
29-01-2016
Income-tax Refund Procedure where notice u/s 245 has been issued for set off of refunds against tax payable for ITRs processed in FY 2015-16-CBDT
29-01-2016
Resolution of more than 100 cases of transfer pricing disputes with USA under Mutual Agreement Procedure MAP provision in India-USA DTAC-CBDT
26-01-2016
Income Tax e-filing DSC Management Utility for signing problems in latest versions of Google Chrome, Mozilla or Internet Explorer browsers with java
22-01-2016
CBDT Signs 7 more Unilateral Advance Pricing Agreements (APA) making total APAs signed so far to 39 (38 unilateral and one bilateral)
21-01-2016
Income-tax Electronic Verification Code EVC generation by giving bank or demat Account details for e-returns as Additional Modes-CBDT Notification-01/2016
20-01-2016
HMRC UK reveals Top Ten Worst Excuses advanced last year for missing the self assessment income tax deadline of 31st January for 2014
18-01-2016
Justice Easwar Committee Draft Report Recommendation for Income-tax Simplification by amendment to Income Tax Act, 1961 and Administrative Reforms
18-01-2016
Online Filing Charitable Trust Income Accumulation Option under section 11(1)-(2) by filing electronic Form 9A-10 under DSC-EVC-CBDT Notification-3/2016
18-01-2016
CPC Bengaluru, awarded ISO 9001:2008 standard for Quality Management System Certificate by British Standards Institution BSI
15-01-2016
Steps taken to reduce litigation in last three months up to December 2015-CBDT Press Release. Revision of Monetary Limits and other circulars
15-01-2016
Issue of refunds up to Rs.5,000/- or with outstanding arrear up to Rs.5000/- in Non-CASS cases without adjustment for AYs 2013-14, 2014-15
13-01-2016
General Guidelines/Procedure for Implementation of e-payment of Refund/Rebates of Exceise, Custom and Service Tax through authorized banks CBEC Circular
12-01-2016
Seal or Stamp not required on PAN application from 49A, 49AA or Form for Change or Correction from non-individuals-TIN-NSDL Clarification
09-01-2016
Changes in the APAR format-performance of assessing officers to be measured for quality of assessment, pace of disposal, and efforts widening of tax base
09-01-2016
How to protect your tax and financial information over internet from scams, impersonators-suggestions by Internal Revenue Services, (IRS) USA
07-01-2016
Lower rate TDS deduction on production of system generated certificate u/s 197 only to avoid defaults for wrong quoting of certificate number-CPC TDS
06-01-2016
Black Money Act-Rs 2,428.4 crores received as tax and penalty upto 31-12-2015. Collections fall short by 41.69% of declaration of September, 2015
06-01-2016
Official Twitter Account Handle of Income Tax Department India. Initially it will consist of press releases and dissemination of information
04-01-2016
CPC TDS-Compliance Improvements during the Year 2015. Timely Payment-Filing, Outstanding TDS Defaults and Invalid PANs-TDS Compliant Year-2015
04-01-2016
Guidance Note-Reporting requirements of Foreign Account Tax Compliance Act FATCA, Common Reporting Standard CRS u/s 114F-114H-CBDT
31-12-2015
Penalty 271(1)(c) for additions/disallowances made but assessment under MAT provisions u/s 115JB/115JC prior to A.Y. 2016-17-CBDT Circular-25-2015
31-12-2015
Recording Satisfaction Note u/s 158BD/153C of the Income Tax Act to be as per Supreme Court Guidelines in Calcutta Knitwears Case-CBDT Circular 24/2015
31-12-2015
New PAN Rules 114B for quoting in Specified Transactions applicable from 01-01-2016. Verification of PAN and Statement in Form No. 60 and 61 Rule 114C 114D and 114E
31-12-2015
CBDT Initiatives taken for Streamlining Scrutiny Assessment Proceedings and Facilitating Electronic Communication for fair and transparent tax administration
31-12-2015
New PAN quoting rules 114B are applicable from 01-01-2016. Sale/Purchase Transactions exceeding Rs. 2 Lakhs covered
30-12-2015
Step-wise Procedure for Filing Electronic Appeal before CIT-Appeals in Form No. 35 online. How to File Guide for those required to e-file ITRs
30-12-2015
Electronic filing of first appeal before CIT(Appeals) mandatory for persons required to file the return of income-ITR electronically-CBDT Press Release
29-12-2015
Cases selected under Computer Aided Scrutiny Selection CASS, Important issues, scope of enquiry, Limited and Complete Scrutiny-CBDT Instruction-20/2015
29-12-2015
Initial scrutiny notice u/s 143(2) 142(1) to be accompanied by questionnaire with details of documents information to be furnished-CBDT Instruction-19/2015
28-12-2015
No LPG subsidy benefit on taxable income exceeding Ten Lakhs for consumer or his/her spouse in previous financial year-Press Release
28-12-2015
No TDS u/s 194A on Fixed deposits in the name of Registrar General on the directions of the Court till the recipient determined-CBDT Circular 23/2015
27-12-2015
TDS Lower deposit Self Declaration. Procedure to submit response to Centralized Processing Cell CPC-TDS Notices for the period 01-04-2015 to 15-10-2015
23-12-2015
CBDT-Income Tax Notice/letter/communication to contain email, phone numbers of officers signing it for facilitating tax-payers electronic interface with Department
23-12-2015
MAT Provisions u/s 115JB not applicable to foreign company (including an FII/FPI From 01-04-2001 subject to DTAA/Companies Act-CBDT Instruction 18/2015
23-12-2015
Draft Guidelines for Determination of Place of Effective Management (Poem) of a Company for determination of its residential status under Income Tax Act
19-12-2015
NSDL eTDS-TCS RPU 1.4 Java FVU Version 2.145 Download Latest Quarterly eTDS Statements for December Quarter FY 2015-16
18-12-2015
Employer’s contribution for employees welfare (PF etc.) allowable u/s 43B if paid on or before 'due date' of return/ITR filing-CBDT Circular 22/2015
17-12-2015
Change in Designated Income-tax authority for making declaration of undisclosed foreign assets u/s 59 of Black Money Act from 18-12-2015
17-12-2015
CA Certificate Form 15CB not required for Non-resident payments up to Rs. 5 Lakhs in Financial Year. CBDT Notification-93/2015 Revised Form 15CA 15CB
16-12-2015
Remedy of revision against assessment order under UP Trade Tax Act 1948 u/s 10B survives repeal by virtue of Section 81 of UP Value Added Tax Act 2008
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