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Maximising revenue collection top priority of CBDT chairman. Delivering quality tax payer services, promoting digital tax administration among 7 priorities

Maximising revenue collection top priority of CBDT chairman. Delivering quality tax payer services, promoting digital tax administration among top 7 priorities. Shri Sushil Chandra newly appointed CBDT chairman has listed out his various priorities for the coming months. In a letter addressed to all officers/officials of the Income …

Constitution of CASS Committee for FY 2016-17 to suggest modification/new rules, new rules, changes in ITRs/forms for effective scrutiny selection-CBDT

Constitution of CASS Committee for FY 2016-17 to suggest modification/new rules, new rules, changes in ITRs/forms for effective scrutiny selection-CBDT Income Tax basic scrutiny is conducted under section 143 of the Income Tax Act, 1961. Fundamentally, scrutiny is based on risk-analysis conducted through computer- assisted programme and also manually with …

Disallowances u/s 32 40aia 40A3 43B etc. Higher profit-linked Chapter VI-A deduction claim to be allowed as per Judicial view. CBDT Circular 37/2016

Disallowances u/s 32 40aia 40A3 43B etc. Higher profit-linked Chapter VI-A deduction claim to be allowed as per Judicial view. CBDT Circular 37/2016 CIRCULAR NO. 37/2016 F.No.279 /Misc.I 140/2015I ITJ Government of India Ministry of Finance, Department of Revenue Central Board of Direct Taxes New Delhi, Dated 2nd …

Bihar Electricity Regulatory Commission Exemption us 10(46) to income from government grants, processing fee, grants and fee received

Bihar Electricity Regulatory Commission Exemption us 10(46) to  income from government grants, processing fee, grants and fee received MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 101/2016 New Delhi, the 27th October, 2016 S.O. 3336(E).—In exercise of the powers conferred by clause (46) …

Shortlisted International Law Firms to represent Govt. in arbitrations/Disputes under Bilateral treaties/economic agreements etc

shortlisted International Law Firms to represent Govt. in arbitrations/Disputes under Bilateral treaties/economic agreements  etc. Government of India Ministry of Finance Department of Economic Affairs Investment Division North Block New Delhi Dated: 31st October, 2016 SUBJECT – Request for Proposal for engagement of international and/or domestic law fims for …

Shri Sushil Chandra takes over as the Chairman, CBDT

Sushil Chandra is the new Chairman CBDT Ministry of Finance Press Release 01-11-2016 Shri Sushil Chandra takes over as the Chairman, Central Board of Direct Taxes (CBDT). Shri Sushil Chandra, IRS (1980 Batch), today took over as the Chairman, Central Board of Direct Taxes (CBDT).He succeeds Ms Rani …

All Industry Drawback Rates-Key Changes by Revised Custom Notification No. 131/2016 which comes into force on 15.11.2016

All Industry Drawback Rates-Key Changes by Revised Custom Notification No. 131/2016 which comes into force on 15.11.2016 Circular No. 50/2016-Customs F. No. 609/83/2016-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi, dated 31st October, 2016 To Principal Chief Commissioners …

Public Limited Company Corporate Veil lifting us 179 of Income Tax Act is possible with prima-facie sufficient material and confronting assessee with show cause-Gujarat HC

Public Limited Company Corporate Veil lifting us 179 of Income Tax Act is possible with prima-facie sufficient material and confronting assessee with show cause-Gujarat High Court. ABCAUS Case Law Citation: 1046 (2016) (10) HC Important Case Law Cited: Pravinbhai M. Kheni v. Assistant Commissioner of Income-tax Brief Facts …
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