Tag: cbdt circular

FAQ Clarifications Income Declaration Scheme 2016. CBDT clarifies 14 number of public queries by Circular No. 17/2016 dated 20/05/2016

FAQ Clarifications Income Declaration Scheme 2016. CBDT clarifies 14 number of public queries.  Circular No.17 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated 20th of May, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income …

Payment of interest on refund u/s 244A of excess TDS deposited under section 195. Department not to pursue/withdraw appeals filed-CBDT Circular

Circular No.  11/2016 F.No.279/Misc./M-140/2015-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, 26th April, 2016 Subject:-   Payment of interest on refund under section 244A of excess TDS deposited under section 195 of the Income tax Act, 1961- reg. The …

Commencement of limitation for penalty proceedings under sections 271D and 271E. AO not to issue notice-CBDT Circular on Departmental View

Circular No.  09/DV/2016 (Departmental  View) F.No.279/Misc./M-116/2012-IT J Government of India Ministry of Finance Department  of Revenue Central Board of Direct Taxes ****** New Delhi , 26th April , 2016 Subject:- Commencement of limitation for penalty proceedings under sections 271D and 271E of the Income tax Act, 1961 – …

Prosecution u/s 276CC-CBDT asks Department to identify potential cases of non filing of income tax return ITRs for AY 2013-14 to initiate proceedings

CBDT has asked Income Tax Department to identify the potential cases of non filing of income tax return (ITRs) for AY 2013-14 and initiate prosecution u/s 276CC if the conditions prescribed are fulfilled. In a letter issued by Directorate of Income tax (Systems) dated 22/03/2016, Pr. Chief Commissioner of …

Shipping charges using non-resident shipping are not liable to TDS u/s 172(8) as supplemented by CBDT Circular No. 723/1995

ITAT Amritsar, in a recent judgment has held that shipping charges (Inland haulage charges, Terminal handling charges, Bunker adjustment factor, Cost adjustment factor, etc) using non-resident shipping are not liable to TDS u/s 172(8) as supplemented by CBDT Circular No. 723/1995 Case Details: ITA No.257(Asr)/2014 Assessment year:2006-07 PMS …

Revenue Audit Objections-Remedial Action and Appeal -CBDT Circular

Revenue Audit Objections-Remedial Action and Appeal Circular No.  8/2016 F.No.246/95/2013-A&PAC-IGovernment of IndiaMinistry of Finance Department of RevenueCentral Board of Direct Taxes****** New Delhi, 11th March, 2016 Subject:- Modification of Instruction 9/2006 – reg. Instruction 9 of 2006 lays down the guidelines and procedure for attending to Revenue Audit …

Taxability of Consortium Members in Large Infrastructure Projects-CBDT Clarification

Taxability of Consortium Members in Large Infrastructure Projects-CBDT Clarification Circular No. 07/2016 Government of IndiaMinistry of FinanceDepartment of RevenueCentral board of  Direct Taxes  North Block, New Delhi, the 7th of March, 2016 Subject: Clarification regarding taxability of consortium members-reg.- A  Consortium of contractors is often formed to implement …