Income Tax

  • Income Tax

IDS-2016 declarations without PAN-CBDT has asked officials to contact declarants to obtain PAN and issue Form-2 latest by 25-11-2016

IDS-2016 declarations without PAN-CBDT  has asked officials to contact declarants to obtain PAN and issue Form-2 latest by 25-11-2016 The relevant text…

7 years ago
  • Income Tax

Penalties shall followed by prosecutions-CBDT Chairman. Action shall be taken even before filing return for huge cash deposits with unmatched past profile

Penalties shall followed by prosecutions-CBDT Chairman.  Action shall be taken even before filing return for huge cash deposits with unmatched…

7 years ago
  • Income Tax

Transactions for which Quoting PAN Mandatory. The list under Rule 114B as on date requiring PAN quoting including banking transactions.

Transactions for which Quoting PAN Mandatory. The list under Rule 114B as on date requiring PAN quoting including banking transactions.…

7 years ago
  • Income Tax

New Rule 12E-ITO authorsied to issue notice u/s 143(2) for scrutiny. Move to create enough manpower to scrutinise income tax returns post 30-12-2016

New Rule 12E-ITO authorsied to issue notice u/s 143(2) for scrutiny. Move to create enough manpower to scrutinise income tax…

7 years ago
  • Income Tax

First ever Bilateral APA involving India and USA-USA Bilateral Competent Authority MAP/APA Meeting-Resolution of more than 100 cases under MAP

First ever Bilateral APA involving India and USA-USA Bilateral Competent Authority MAP/APA Meeting-Resolution of more than 100 cases under MAP. …

7 years ago
  • Income Tax

Revised Rules for reporting cash deposit transaction by banks. Amendment to Rules 114B and 114E.

Revised Rules for reporting cash deposit transaction by banks. Amendment to Rules 114B and 114E. More than Rs. 250000 deposited…

7 years ago
  • Income Tax

Revised IDS-2016 declaration lower income than original due to typographical-bonafide error. PrCIT/CIT to process declaration-CBDT

Revised IDS-2016 declaration lower income than original due to typographical-bonafide error. PrCIT/CIT to process declaration. Instruction No.12 of 2016 F.No.370142/8/2016-TPL…

7 years ago
  • Income Tax

Group Assessment and Peer Review System Before Assessment-Reconstitution of Committee to study the feasibility of recommendations-CBDT

Group Assessment and Peer Review System Before Assessment-Reconstitution of Committee to study the feasibility of recommendations-CBDT F. No. 225/246/2014-ITA-II Government…

7 years ago
  • Income Tax

Income tax notice us 133(6) asking cash balance as on 08-11-2016 as a preventive measure to check black money conversion by Trusts and Societies

Income tax notice us 133(6) asking cash balance as on 08-11-2016 as a preventive measure to check black money conversion…

7 years ago
  • Income Tax

Yamuna Expressway Authority-If charitable Institution us 12AA or not to be decided by Allahabad High Court, Questions of Law framed

Yamuna Expressway Authority-If charitable Institution us 12AA or not to be decided by Allahabad High Court, Questions of Law framed…

7 years ago