Category: Income Tax

Amendment to Income Tax Form 64A-Statement of income distributed by business trust to be furnished u/s 115UA. Notification 84/2016

Amendment to Income Tax Form 64A-Statement of income distributed by business trust to be furnished u/s 115UA. Notification 84/2016. MINISTRY OF FINANCE Department of Revenue CENTRAL BOARD OF DIRECT TAXES Notification No. 84 /2016 New Delhi, the 16th September, 2016 INCOME-TAX S.O. 2979(E).—In exercise of the powers conferred …

No Prohibition in disclosure of information us 138(1). CBDT/Income Tax Authorities can disclose information as per notification dated 23.05.2003

No Prohibition in disclosure of information us 138(1). CBDT/Income Tax Authorities can disclose information as per notification dated 23.05.2003 F. NO. 225/120/2016/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi Dated the 21st of September, 2016 Subject: Providing …

IDS-2016 declarations-CIT to take lenient view us 273A for years pending assessment for waiver of concealment peanlty as assessee co-operated in enquiry

IDS-2016 declarations-CIT to take lenient view us 273A for years pending assessment for waiver of concealment peanlty as assessee co-operated in enquiry  Circular F. No. 282/227/2016-IT(Inv-.V)/26/2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Investigation Division) New Delhi, dated 21st September, 2016 …

No addition on the basis of surrender made at the time of survey. It is to be based on evidences material as unlike section 132(4), survey team not authorised to administer an oath u/s 133A- ITAT

No addition on the basis of surrender made at the time of survey. It is to be based on evidences material as unlike section 132(4), survey team not authorised to administer an oath u/s 133A- ITAT ABCAUS Case Law Citation: 1020 (2016) (09) ITAT Brief Facts of the Case: The …

CBDT CASS Instruction 3-2016. Reasons for Limited Scrutiny, email assessment, online passing of assessment orders etc.

CBDT  has recently issued Computer Aided Scrutiny Selection (CASS) Instruction No. 3 dated 16/09/2016. regarding Income Tax Business Application (ITBA)-Assessment Module-CASS Cycle-3. The main highlights of the CBDT CASS instructions No. 3 are as under: Limited and Complete ScrutinyAs per the Instruction, this year in CASS, two types …

CBDT issues Platinum Gold Silver Bronze certificates to taxpayers for contribution in paying taxes and income tax returns filing within prescribed time

CBDT issues Platinum Gold Silver Bronze certificates to taxpayers for contribution in paying taxes and income tax returns filing within prescribed time. Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 19th September, 2016. Press Release Sub: Finance Minister conveys Government’s …

Display Board to contact CBI in case of bribe demand by Income tax officers-CBDT asks Department for installation of board within 30 days

Display Board to contact CBI in case of bribe demand by Income tax officers-CBDT asks Department for installation of board within 30 days.   File No. A-27023/21/2016-Ad.VI (A) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated:  19th September, 2016 OFFICE   MEMORANDUM …

CBD asks Income tax department to complete inquiry in disciplinary proceedings under CCS (CCA) Rules within 6 months as per CVC Guidelines

CBDT asks Income tax department to complete inquiry in disciplinary proceedings under CCS (CCA) Rules within 6 months as per CVC Guidelines. DIRECTORATE GENERAL OF INCOME TAX (VIGILANCE) First Floor. Dayal Singh Public Library Building, 1, Deen Dayal Upadhyay Marg, New Delhi – 110 002 F.No. DGIT(Vig.)IHQ/Ann. Sect. …

IDS 2016-No announcement of number of IDS declarations received, amounts declared or taxes paid till closure of the scheme on 30-09-2016-CBDT

IDS 2016-No announcement of number of IDS declarations received, amounts declared or taxes paid till closure of the scheme on 30-09-2016 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 15th September, 2016 Press Release Sub: CBDT clarifies unconfirmed reports on …