Tag: cbdt notification

Quoting Aadhaar Number for PAN Linking exemptions u/s 139AA. Provisions not to apply to super senior citizen and other specified categories MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 37/2017 New Delhi, the 11th May, 2017 S.O. 1513 (E).—In exercise of the powers conferred by sub-section (3) of …

Exercise of Option us 115BA-Rule 21AD Form 10-IB. Option by domestic company to be exercised electronically either under DSC or EVC Under the newly inserted section 115BA (by Finance Act, 2016) w.e.f 01/04/2017, every domestic company has the option of paying income tax at the rate of 25% …

Income Tax Rule 17CB Method of valuation of accreted income of the trust/institution for additional tax u/s 115TD(2)  Chapter XII-EB of the Income tax Act, 1961 (‘the Act’) contains Special provisions relating to tax on accreted income of trusts or institutions registered under section 12AA of the Act. …

Revised Form 10DA for claiming new workmen wages deduction under section 80JJAA As per the amended section 80JJAA of the Income Tax Act, 1961 w.e.f 01-04-2017, where the gross total income of an assessee who is liable for tax audit u/s 44AB having business income, a deduction of …

Rule 114B-Quoting PAN to bank due date extended to 30-06-2017 CBDT had vide notification No. 2/2017 had amended the Income Tax Rule 114B relating to quoting of PAN by inserting a fourth proviso providing for  furnishing of permanent account number or Form No. 60, as the case may be, to …

Income tax can disclose information to Lokayukt Up-Lokayukt UP regarding assessee u/s 138(1)(a)(ii).  Section 138 of the Income Tax prescribes the authorities to which the disclosure of information respecting assessee can be made by the CBDT or any other income tax authority. As per section 138(1)(a)(ii) the information …

Cash transaction limit on bank withdrawal u/s 269ST-CBDT Notification exempting cash withdrawal from bank from restriction imposed u/s 269ST  TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE) New Delhi, the 5th April, 2017 NOTIFICATION …

Procedure for e-communication and e-proceedings by Income Tax Department. Assessee can opt out of e-Proceeding. DGIT(S)/DIT(S)-3/ AST/Paperless Assessment Proceedings/96/2015-16 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No.4/2017 New Delhi, 3rd day of April,2017 Subject: Procedure, Formats and Standards …

Option form 3CFA for taxation of income from patent us 115BBF MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 25/2017 New Delhi, the 31st March, 2017 INCOME-TAX G.S.R. 318(E).—In exercise of the powers conferred by sub-section (3) of section 115BBF, read with section …

Authentication of income tax e-notices. Name/office of authority to be printed on e-mail body or attachment – Rule 127A G.S.R. 283(E).- In exercise of the powers conferred by clause (d) and clause (e) of proviso to clause (5) of section 43 and section 282A read with section 295 …