Tag: cbdt notification
Revised Rules for reporting cash deposit transaction by banks. Amendment to Rules 114B and 114E. More than Rs. 250000 deposited between 9th Nov, 2016 to 30th Dec, 2016 now reportable-CBDT CBDT has further amended Rules 114B, 114C, 114D and 114E by Notification No. 02/2017 dated 06-01-2017 providing for …
Bihar Electricity Regulatory Commission Exemption us 10(46) to income from government grants, processing fee, grants and fee received MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 101/2016 New Delhi, the 27th October, 2016 S.O. 3336(E).—In exercise of the powers conferred by clause (46) …
Disclosure of assessees information by Income Tax authorities. Director Vigilance Anti-Corruption Bureau Kerala notified u/s 138 The Hon’ble Supreme Court in the case of Girish Ramchandra Deshpande dated October 3, 2012 had observed that Income Tax Returns was personal information and exempt from disclosure u/s 8(1)(j) of the …
Tax on Distributed income of Domestic Company for shares Buy-Back. Determination of amount as per Rule/section 115QA MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 94/2016 New Delhi, the 17th October, 2016 INCOME-TAX G.S.R. 982(E).—In exercise of the powers conferred by section 115QA …
Annual Information Return Amendment Rules 114D 114E. Furnishing statements by registering officer, aggregation of AIR amounts. CBDT vide Notification No. 95/2015 had notified new Rules 114B, 114C, 114D and 114E. The Rules governs the following areas. Rule Subject 114B Transactions in relation to which permanent account number is …
Form No 68 application us 270AA2-grant of immunity from penalty provisions u/s 270A of the Income-tax Act 1961 The Budget 2016-17 (Finance Act, 2016) has provided for the rationalisation of the penalty provisions under the Income Tax Act, 1961. Section 271 related to penalty for failure to furnish return, …
Expenditure for obtaining right to use spectrum for telecommunication services. Allowability of upfront fee paid or deferred on actual payment basis or as per accounting method employed. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 89/2016 New Delhi, the 4th …
CBDT notifies 7 Andhra Pradesh districts for tax incentives u/s 32(1)(iia) and section 32AD Under the Andhra Pradesh Re-organisation Act, 2014 the Government of India is extending special assistance to four districts of Rayalseema and three districts of North coastal Region of Andhra Pradesh. To further boost the industrial …
CBDT notified revised ICDS 2016 applicable from FY 2016-17. ICDS are not applicable to individual/huf not covered under tax audit u/s 44AB Who is required to follow ICDS? These income computation and disclosure standards (ICDS).are to be followed by all the assessees except: (i) individual or a Hindu …
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 …
