Income Tax

  • Income Tax

GAAR Chapter XA Provisions to apply from 01042017 for tax benefits obtained irrespective of date of arrangement. CBDT Notification 49/2016

MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 49/2016-Income Tax New Delhi, the 22nd June,…

8 years ago
  • Income Tax

Depreciation disallowed when entire asset block not put to use during the year. Claim that asset once entered block depreciation should be allowed dismissed

Depreciation disallowed when entire asset block not put to use during the year. The Claim that asset once entered block,…

8 years ago
  • Income Tax

Disposal of Public Grievances on priority – Accountability for undue delays – CBDT. Officer to give explanations for grievances pending beyond 2 months

GOVERNMENT OF INDIA Ministry of Finance/Department of Revenue Central Board of Direct Taxes North Block, New Delhi-110001 E-mail : chairmancbdt@nic.in Tele…

8 years ago
  • Income Tax

Penalty 271E-Cash repayment of FDR by Bank for violation u/s 269T deleted by ITAT. The penal provisions are to curb black money and benami transactions

Penalty 271E-Cash repayment of FDR by Bank for violation u/s 269T deleted The penal provisions are to curb black money…

8 years ago
  • Income Tax

No additions us 68-accounts not maintained us 44AF presumptive taxation. The section operates only where books are maintained and sum is found credited

No additions us 68-accounts not maintained us 44AF under presumptive taxation. The section operates only where books are maintained and…

8 years ago
  • Income Tax

No deduction of tax on payments specified in section 10(23DA) received by any securitisation trust defined in section 115TC. CBDT Notification 46/2016

No TDS deduction on payments specified us 10(23DA) MINSTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No.46…

8 years ago
  • Income Tax

TDS deduction exemption on payments to bank listed in the Second Schedule to the RBI Act, 1934 or or any payment systems company-CBDT Notification 47/2016

TDS deduction exemption on payments to bank  MINISTRY OF FINANCE (DEPARTMNET OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No.…

8 years ago
  • Income Tax

Rule 114F 114H Form 61B Amendments in Statement of Reportable Account under sub-section (1) section 285BA – CBDT Notification 48/2016

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES NOTIFICATION New Delhi, the 20th June,…

8 years ago
  • Income Tax

PAN blocking for recovery from tax defaulters depriving them of several facilities as suggested in Income Tax Central Action Plan 2016-17

PAN blocking for Recovery from Tax Defaulters  The Income Tax Central Action Plan 2016-17 talks of blocking of PAN. The important highlights…

8 years ago
  • Income Tax

No arrest of wilful defaulters by income tax department Though the provisions for arrest and detention by Tax Recovery Officers contained in the Act – CBDT

No arrest of wilful defaulters by income tax department-CBDT Government of India Ministry of Finance Department of Revenue Central Board…

8 years ago
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