Tag: cbdt circular

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 …

  Circular No. 10/2016 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:- Limitation for penalty proceedings under sections 271D and 271E of the Income tax Act, 1961 – reg. The issue whether the …

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 …

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 – …

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 4 th April, 2016 Sub: Record setting year for taxpayer services, issue of refunds by CBDT -reg The Central Board Direct Taxes achieved significant success in delivery of taxpayer services …

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 …

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 …

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi, 23rd March, 2016 Sub: Inclusion of interest income in the return of income filed by persons liable to pay tax- regarding Information regarding interest earned by individuals and business entities …

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 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 …