Income Tax Archives - Page 3 of 9

CBDT Clarifications/FAQs on the Pradhan Mantri Garib Kalyan Yojana 2016

January 18, 2017 NewsTaxIndia0 comments971 views

CBDT vide its Circular No. 02/2017, Dated: January 18, 2017 has issued Clarifications/FAQs 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’) provides an opportunity to persons … Continue Reading →

Income Tax

CBDT Clarifications/FAQs on the Pradhan Mantri Garib Kalyan Yojana 2016

January 18, 2017 NewsTaxIndia0 comments930 views

Income Tax

Procedure for Reporting under Pradhan Mantri Garib Kalyan Deposit Scheme 2016

January 2, 2017 NewsTaxIndia0 comments953 views

Procedure for registration and submission of Form V for Reporting under Pradhan Mantri Garib Kalyan Deposit Scheme 2016: DGIT(S)-ADG(S)-2/e-filing notification/106/2016 CBDT Notification No. 14 of 2016 New Delhi, 30th December, 2016 Procedure for Registration and Submission of Form V for Reporting under Pradhan Mantri Garib … Continue Reading →

Income Tax

Procedure for Registration for Statement of Financial Transactions as per Section 285BA

January 2, 2017 NewsTaxIndia0 comments1270 views

Procedure for registration for statement of financial transactions (SFT) as per section 285BA of Income-tax Act, 1961 read with Rule 114E of Income-tax Rules, 1962 DGIT(S)-ADG(S)-2/e-filing notification/106/2016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No … Continue Reading →

Income Tax

Procedure for Registration for Statement of Financial Transactions as per Section 285BA

January 2, 2017 NewsTaxIndia0 comments1023 views

Income Tax

Clarifications on the Direct Tax Dispute Resolution Scheme 2016

December 25, 2016 NewsTaxIndia0 comments731 views

Clarifications on the Direct Tax Dispute Resolution Scheme, 2016 Circular No.42/2016, Dated: December 23, 2016 The Direct Tax Dispute Resolution Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter X of the Finance Act, 2016 provides an opportunity to tax payers who are … Continue Reading →

Income Tax

FAQs on Indirect Transfer provisions under the Income Tax Act 1961

December 23, 2016 NewsTaxIndia0 comments1321 views

Clarifications on Indirect Transfer provisions under the Income Tax Act, 1961; CBDT Circular No. 41/2016; Dated: December 21, 2016 F.No.500/43/2012-FT&TR Under the indirect transfer provisions contained in section 9(1)(i) of the Income Tax Act, 1961 (‘Act’), all income accruing or arising, whether directly or indirectly, through or … Continue Reading →

Income Tax

Income Tax Department Identifies 67.54 lakh Potential Non Filers for F.Y. 2014-15

December 23, 2016 NewsTaxIndia0 comments711 views

Income Tax Department Identifies 67.54 lakh Potential Non Filers for F.Y. 2014-15: The Non-filers Monitoring System (NMS) was rolled out for identification of non-filers with potential tax liabilities. Data analytics carried out by the Systems Directorate of Central Board of Direct Taxes (CBDT) identifies non-filers … Continue Reading →

Income Tax

Reporting Cash Transactions under Rule 114E of Income – Tax Rules 1962

December 23, 2016 NewsTaxIndia0 comments1070 views

Reporting Cash Transactions under Rule 114E of Income – Tax Rules 1962: Rule 114E of Income-Tax Rules, 1962, for furnishing Statement of Financial Transactions (SFT) came into force with effect from 1st April, 2016. Any person who is liable for audit under section 44AB of … Continue Reading →

Income Tax

Govt. decides to Reduction in Existing Rate of Deemed Profit u/s 44AD from 8% to 6%

December 20, 2016 NewsTaxIndia0 comments916 views

Govt. decides to Reduction in Existing Rate of Deemed Profit u/s 44AD from 8% to 6% in respect of amounts/receipts through banking channel/digital CBDT Press Release dated 19-12-2016: Under the existing provisions of section 44AD of the Income-tax Act, 1961 (the Act), in case of … Continue Reading →