Category: CBDT
Allocation/Reallocation of work in respect of matters and cases relating to the Benami Transactions (Prohibition) Act, 1988 amongst CBDT members The Central Board of Direct Taxes has allocated/reallocated in respect of all matters and cases or classes of cases relating to the Benami Transactions (Prohibition) Act, 1988 and/or …
Tax Authorities can now keep a watch on electronic information generated, transmitted, received or stored in any computer resource Section 69 of the Information Technology Act, 2000 authorises Central or State Government to issue directions for interception or monitoring or decryption of any information through any “computer resource”. The …
Service charge taken from customers by hotels / restaurants to be taxed and added to their income if not passed to staff or under-non reported. CBDT advisory on treatment of service charge taken from customers by the hotels/ restaurants under the Income-tax Act. In 2017, the Ministry of Consumer Affairs …
CBDT Chairman Message on 158th Income Tax Day-Transparency and accountability are the cornerstones of a truly modern and responsive tax administration SUSHIL CHANDRA Chairman, CBDT & Special Secretary to the Government of India GOVERNMENT OF INDIA Ministry of Finance/Department of Revenue Central Board of Direct Taxes North Block, …
Explanatory Notes to the provisions of the Finance Act, 2017. CBDT has issued Circular No. 02/2018 dated 15th Februry, 2018 explaining the various amendments and provisions of the Act which generally applies for the Assessment Year 2018-19 (Financial Year 2017-18) AMENDMENTS AT A GLANCE Section/Schedule Particulars / Paragraph number First Schedule Rate …
Determination of fair market value of unquoted equity shares of ‘Start Up’ companies under section 56(2)(viib) of the Income-tax Act read with Rule 11UA(2) of Income-tax Rules-CBDT Instruction Section 56(2)(viib) of the Income-tax Act, 1961 (Act) provides that where a closely held company issues its shares at a …
Misuse of State Emblem by Income Tax Officials. CBDT warns Income Tax official on use of State Emblems on vehicles by officers posted at field units/Zones CBDT warns Income Tax official on use of State Emblems on vehicles. In a recent office memorandum issued by Central Board of Direct Taxes …
Income Tax to lodge tax arrear claims and implead as party before NCLTs in sick companies cases governed by Insolvency and Bankruptcy Code 2016 DIRECTORATE OF INCOME TAX (RECOVERY & TDS) 6TH FLOOR, MAYUR BHAWAN, CONNAUGHT CIRCUS, NEW DELHI-110001 TEL: 011-23411993, FAX: 011-23413218 ADDL DIRECTOR GENERAL, CBDT F. …
Promotion and Posting of in the grade of PrCCIT-CCIT-DGIT CBDT by order no. 151 of 2017 dated 08/09/2017 has made the following promotions/changes/assigned additional charges: Grade Number of Officers promoted/ Locally changed/assigned additional charges Principal Chief Commissioner of Income Tax (Pr. CCIT) 13 CCIT/DGIT 3 CCIT/DGIT 4
CBDT to get 1 percent incentive of additional revenue generated during fiscal year 2006-07 and subsequent years to augment infrastructure in Income Tax Department GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (INFRASTRUCTURE) Room No. 204, 2nd Floor, …