Explanatory notes on provisions of the taxation and investment regime for Pradhan Mantri Garib Kalyan Yojana, 2016 as contained in chapter IX-a of the Finance Act, 2016

CBDT came with circular on Explanatory notes on provisions of the taxation and investment regime for Pradhan Mantri Garib Kalyan Yojana, 2016 as contained in chapter IX-a of the Finance Act, 2016 vide circular number Circular […]

Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016

CBDT came with circular on Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 vide circular number Circular no. 02/2017. Detailed content of the circular is as given below: The Taxation and Investment […]

Circular No.41/2016 [F.No.500/43/2012-FT&TR] dated 21.12.2016.

CBDT came with circular on F.No.500/43/2012-FT&TR] dated 21.12.2016 vide circular number Circular No.41/2016. Detailed content of the circular is as given below: The Central Board of Direct Taxes had issued Circular No.41/2016 on 21st December, 2016 regarding […]

Measures for reducing litigation – Clarification on Circulars 21/2015 and 8/2016

CBDT came with circular on Measures for reducing litigation – Clarification on Circulars 21/2015 and 8/2016 vide circular number Circular No. 5/2017. Detailed content of the circular is as given below: Instructions were issued vide CBDT […]

Corrigendum to Circular No. 1/2017 dated 02.01.2017 on TDS under section 192 of Income-tax Act, 1961

CBDT came with circular on Corrigendum to Circular No. 1/2017 dated 02.01.2017 on TDS under section 192 of Income-tax Act, 1961 vide circular number Corrigendum 01/2017. Detailed content of the circular is as given below: In para 3.6.1 […]

Clarification on implementation of GAAR provsions under the Income Tax Act, 1961

CBDT came with circular on Clarification on implementation of GAAR provsions under the Income Tax Act, 1961 vide circular number Circular No. 7/2017.  Detailed content of the circular is as given below: The provisions of Chapter X-A of […]

ITR filling Due Date for FY 2015-16 (AY 2016-17) extended to 17th October

CBDT has decided to extend ITR due date for FY 2015-16 from 30th September, 2016 to 17th October, 2016 considering IDS Compliance. ITR filling Due Date for FY 2015-16 (AY 2016-17) extended to 17th October, […]

Circular No 723 dated 19/9/1995 – TDS on Foreign Transporters

SECTION 172  SHIPPING BUSINESS OF NON-RESIDENTS Tax deduction at source from payment made to foreign shipping companies Representations have been received regarding the scope of sections 172, 194C and 195 of the  Income-tax Act, 1961, […]

Notification No. 2/2016 regarding Electronic Assessment

Yes, Days are not far where Income tax Assessment will be done on Electronic Media and will not have any manual or department’s personnel’s interference. Link to Download Notification from Official Website of Income tax, […]