Search For "direct tax"
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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Centre constitutes task force for drafting a new direct tax law
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov 22 (ANI):The Central Board of Direct Taxes on Wednesday notified that the government has constituted a task force to review the Income-tax Act, 1961, and will draft a new Direct Tax Law in consonance with economic needs of the country.
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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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Direct tax collections for 2017-2018 show 15.2% growth till October
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov.7 (ANI): Provisional figures of direct tax collections up to October, 2017 show that net collections are at Rs. 4.39 lakh crore which is 15.2 percent higher than the net collections for the corresponding period of last year.
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Probe into 'Panama Papers' cases in full swing, says Centre
Updated : 8 years, 4 months ago IST
New Delhi [India], November 6 (ANI): The Ministry of Finance on Monday said that the investigation into the cases pertaining to the 'Panama Papers' was in full swing.
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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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Govt extends deadline for filing Income Tax Returns to Nov 7
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov. 1 (ANI): The government has extended the last date for filing Income Tax Returns (ITR) and tax audit reports till November 7.
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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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