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CBDT extends due date for filing of Income Tax Returns
Updated : 8 years, 6 months ago IST
New Delhi [India], Sep 10 (ANI): The Central Board of Direct Taxes (CBDT) has announced extension for the due date for filing of Income tax returns by tax payers whose accounts are required to be audited under the Income Tax Act is the 30th September of the following year.
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CBDT issues closure of financial accounts of Income-tax rules
Updated : 8 years, 6 months ago IST
New Delhi [India], Aug 31 (ANI): The Inter-Governmental Agreement (IGA) with USA for implementation of FATCA entered into force on August 31st, 2015.
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CBDT signs 20 APAs with Indian taxpayers
Updated : 8 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): The Central Board of Direct Taxes (CBDT) entered into twenty (20) Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers to enable them to have a rollback provision.
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CBDT notifies protocol for amendment of trade between India, Mauritius
Updated : 8 years, 6 months ago IST
New Delhi [India], Aug 29 (ANI): The Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius was signed by both countries on 10th May, 2016.
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SIT recommendation to ban transactions above Rs. 3 lakh under consideratio
Updated : 8 years, 6 months ago IST
New Delhi, Aug 23 (ANI): The government is considering the recommendation of Special Investigation Team (SIT) on black money to ban cash transactions above Rs. three lakh, a top Finance Ministry official said at an ASSOCHAM event held in New Delhi today.
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CBDT releases new Version 2.0 of IT return statistics for Assessment Year
Updated : 8 years, 6 months ago IST
New Delhi, Aug.19 (ANI): The Central Board of Direct Taxes had proactively released data relating to direct tax collections, PAN allocation and distribution of income in the returns for AY 2012-13 earlier in April, 2016.
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CBDT issues fresh FAQ for 'Income Declaration Scheme'
Updated : 8 years, 6 months ago IST
New Delhi, Aug 18 (ANI): The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets.
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CBDT announces framework for computation of book profit for MAT levy
Updated : 8 years, 6 months ago IST
New Delhi, Aug.5 (ANI): A committee had been constituted, with the approval of the Finance Minister, to suggest the framework for computation of book profit for the purposes of levy of MAT under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant co
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CBDT signs 'Bilateral Advance Pricing Agreement'
Updated : 8 years, 6 months ago IST
New Delhi, Aug 4 (ANI): The Central Board of Direct Taxes (CBDT) announced entering into a Bilateral Advance Pricing Agreement (APA) with the Indian subsidiary of a Japanese trading company.
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CBDT extends date for filing income tax return to August 5
Updated : 8 years, 6 months ago IST
New Delhi, July 30 (ANI): As per provisions of Section 139(1) of Income-tax Act 1961, Central Board of Direct Taxes (CBDT) on Friday extended the due date for filing returns of Income for Assessment Year 2016- 2017 from July 31 to August 5 in case of taxpayers throughout India, who are liab
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CBDT seeks suggestions on draft rules on income from buy back of unlisted
Updated : 8 years, 6 months ago IST
New Delhi, July 25 (ANI): The income tax department, which falls under the jurisdiction of the Ministry of Finance has issued draft rules for prescribing the manner of determination of amount received by the company in respect of a share under Section 115QA of the Income-Tax Act, 1961.
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CBDT launches paperless PAN and TAN application process
Updated : 8 years, 6 months ago IST
New Delhi, July 22 (ANI): For fast tracking the allotment of PAN and TAN to company applicants, Digital Signature Certificate(DSC) based application procedure has been introduced on the portals of PAN service providers M/s NSDL eGov and M/s UTIITSL.
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