Income Tax Archives - NewsTaxIndia

Salary deduction Circular new scheme, CBDT circular Clarification regarding deduction of TDS under section 192

April 6, 2023 NewsTaxIndia0 comments308 views

CBDT Circular No. 04 of 2023-Income Tax (No.370142/06/2023-TPL) Dated 05-04-2023: Clarification regarding deduction of TDS under section 192 read with sub-section (1A) of section 115BAC of the Income-tax Act, 1961 – reg. Circular No. 04 of 2023 F.No.370142/06/2023-TPL Government of India Ministry of Finance Department … Continue Reading →

Income Tax

CBDT requests for stakeholder’s comments on draft of Notification to be issued under section 10(38)

April 4, 2017 NewsTaxIndia0 comments766 views

Central Board of Direct Taxes requests for stakeholder’s comments on draft of Notification to be issued Under Section 10(38) of the Income-tax Act, 1961 Section 10(38) of the Income-tax Act, 1961 (‘the Act’), prior to its amendment by Finance Act, 2017, provided that the income arising by … Continue Reading →

Income Tax

CBDT requests for stakeholder’s comments on draft of Notification to be issued under section 10(38)

April 4, 2017 NewsTaxIndia0 comments747 views

Income Tax

New Clarifications on Pradhan Mantri Garib Kalyan Yojana 2016

March 15, 2017 NewsTaxIndia0 comments996 views

Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (hereinafter ‘the Scheme’) has commenced on 17.12.2016 and is open for declarations upto 31.03.2017. Vide CBDT … Continue Reading →

Income Tax

RBI Restriction on Disbursal of Loan Amount in Cash exceeding Rs.20,000/-

March 10, 2017 NewsTaxIndia0 comments1904 views

RBI Restriction on NBFCs on Disbursal of Loan Amount in Cash exceeding Rs.20,000/- Reference is invited to instructions contained in para 37(iii)(b) of Non-Banking Financial Company – Non-Systemically Important Non-Deposit taking Company (Reserve Bank) Directions, 2016 and Non-Banking Financial Company – Systemically Important Non-Deposit … Continue Reading →

Income Tax

CBDT Instruction on Verification of Cash Deposits under ‘Operation Clean Money’

March 4, 2017 NewsTaxIndia0 comments2397 views

Issue of notice under section 133(6) of the Income-tax Act, 1961 for verification of cash deposits under ‘Operation Clean Money’ CBDT Instruction No. 04/2017 dated March 03, 2017 Vide Instruction No. 3/2017 dated 21.02.2017, in file of even number, CBDT has issued a SOP to be … Continue Reading →

Income Tax

CBDT Instruction on Verification of Cash Deposits under ‘Operation Clean Money’

March 4, 2017 NewsTaxIndia0 comments2229 views

Income Tax

POEM Guidelines shall not apply to a Company having Turnover up to Rs. 50 crores

February 25, 2017 NewsTaxIndia0 comments1046 views

CBDT Clarification: POEM Guidelines shall not apply to a Company having Turnover or Gross Receipts of Rs. 50 crores or less in a financial year. The concept of Place of Effective Management (POEM) for deciding the residential status of a company, other than an … Continue Reading →

Income Tax

Last date to Submit online response for Cash Transaction is 15th February, 2017

February 14, 2017 NewsTaxIndia0 comments1102 views

Operation Clean Money by IT Dept gets overwhelming response. More than 5.27 lakh taxpayers submitted their response till 12th February, 2017. Last date for the submission of online response extended up to 15th February, 2017. The Income Tax Department (ITD) had initiated ‘Operation Clean Money’ … Continue Reading →

Income Tax

Income-Tax (2nd Amendment) Rules, 2017

February 14, 2017 NewsTaxIndia0 comments1717 views

Income-tax (2nd Amendment) Rules, 2017 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Notification No. 9/2017/F.No. 370142/40/2016-TPL New Delhi, the 9th February, 2017 G.S.R.117(E)- In exercise of the powers conferred by section 139A and sub-section (1) of section 203A, … Continue Reading →