Search For "cbdt"
Income Tax dept suspends officer for harassing taxpayer
Updated : 8 years, 3 months ago IST
New Delhi [India], December 8 (ANI): The Income Tax Department on Friday suspended D K Meena, Deputy Commissioner of Income Tax, posted in Gujarat's Surendranagar, for allegedly harassing a taxpayer in a scrutiny case with malafide intention.
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Deadline for Aadhaar-PAN linking pushed to March 2018
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 8 (ANI): In lieu of the number of taxpayers yet to complete linking their Aadhaar and PAN card, the Central Board of Direct Taxes (CBDT) on Friday announced an extension in the deadline to March 31, 2018.
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CBDT, Netherlands sign two APAs pertaining to electronics, technology sect
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 1 (ANI): The Central Board of Direct Taxes (CBDT) has entered into two bilateral Advance Pricing Agreements (APAs) during the month of November, 2017; the first ever Bilateral APAs with The Netherlands; pertaining to the electronics and technology sectors of the econom
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CBDT clarifies norms regarding acceptance of Transfer Pricing MAP cases
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 27 (ANI): The Central Board of Direct Taxes (CBDT) on Monday issued a notification clarifying the norms of acceptance of Transfer Pricing MAP cases and bilateral Advance Pricing Agreements (APAs).
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Swift action in Paradise Papers once all details are available: CBDT Chief
Updated : 8 years, 4 months ago IST
New Delhi [India] Nov. 14 (ANI): The Chairman of the Central Board of Direct Taxes (CBDT) on Tuesday said swift action will be taken in the Paradise Papers case once all details of the accused are available.
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CBDT issues notification on India, New Zealand protocol signing
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov. 7 (ANI): Central Board of Direct Taxes (CBDT) on Tuesday announced issued notifications regarding the Indian Government signing a its third protocol for amendment of the convention with government of New Zealand for the avoidance of double taxation.
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Multi Agency Group to probe 'Paradise Papers' cases
Updated : 8 years, 4 months ago IST
New Delhi [India], November 6 (ANI): The Central Government has directed that investigations in cases of Paradise Papers would be monitored through a reconstituted Multi Agency Group, the Central Board of Direct Taxes (CBDT) said, in an official statement today.
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CBDT exempts cash sale of agricultural produce from disallowance of expend
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov. 3 (ANI): The Central Board of Direct Taxes (CBDT) on Friday clarified that cash sale of agricultural produce by its cultivator to the trader for an amount less than Rs. 2 lakh will not result in any disallowance of expenditure under section 40A (3) of the Income-tax A
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CBDT issues draft notification of amendment of rule 17A and form 10A
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct 18 (ANI): Central Board of Direct Taxes on Wednesday stated that the Vide Finance Act, 2017, a new clause (ab) was inserted in sub-section (1) of section 12A of the Income-tax Act, 1961 ('the Act') w.e.f April 1st, 2018 to the effect that where a trust or an institutio
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Direct tax collections for FY 2017-18 up by 15.8 percent
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct. 11 (ANI): The provisional figures of Direct Tax collections up to September, 2017 reported a 15.8 percent increase (Rs. 3.86 lakh crore) compared to the net collections for the corresponding period of last year.
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CBDT signs two more APAs with taxpayers
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct.7 (ANI): The Central Board of Direct Taxes (CBDT) has signed two more advance pricing agreements (APAs) with taxpayers as part of its aim to reduce litigation by providing certainty in transfer pricing.
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CBDT seeks suggestions on framing of rules on country-by-country reporting
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct.6 (ANI): In keeping with India's commitment to implement recommendations of 2015 Final Report on Action 13, titled "Transfer Pricing Documentation and Country-by-Country Reporting", the Department of Income Tax has invited comments from stakeholders and the general pub
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