Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, Dated 23rd May, 2016 Subject: Manner of determination of fair market value and reporting requirement for Indian concern-Indirect transfer provisions-section 9(1) of the Income-tax Act, 1961-reg. Under section 9 of …
Form 15G 15H UID Furnishing Relaxation for the quarter ending 31-12-2015 and 31-3-2016 Circular No 18/2016 F.No 142/32/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 23rd, May 2016 Sub: Relaxation for Furnishing of UID in case of Form …
Period when reference was made to IAC u/s 144B (now 144BA) to be excluded while computing the period of limitation u/s 153. Section 144B not to apply only in that case where the IAC exercises the powers or performs the functions of an ITO-Supreme Court. Case Law Details: Civil …
Global volatility-India was better prepared. India should try to take sensible measures without getting too ambitious, as we have done so far-Governor RBI. The Reserve Bank of India – Press Release Dated: 22-05-2016 Delivering the Mahtab Memorial Lecture at Bhubaneswar on May 21, 2016, Dr. Raghuram Rajan, Governor, …
Strengthening Free Enterprise in India – from tiny shops to large internet start-ups, the spirit of entrepreneurship is alive. Reserve Bank of India-Press Release Dated: 22-05-2016 India has come a long way in encouraging free enterprise – from tiny shops to large internet start-ups, the spirit of entrepreneurship is …
Fresh tangible material not required to reopen an assessment where the initially the return of income is processed u/s 143(1) and an intimation is sent to the assessee, the reopening of such assessment requires the AO to form reasons to believe that income has escaped assessment, but such reasons do …
