CBDT Archives - Page 2 of 2

Prohibition of Benami Property Transactions Rules, 2016

October 26, 2016 NewsTaxIndia0 comments1834 views

Prohibition of Benami Property Transactions Rules, 2016 CBDT Notification No. 99/2016, Dated: October 25, 2016 G.S.R. 1004(E). – In exercise of the powers conferred by section 68 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988), the Central Government hereby makes the following rules, … Continue Reading →

Income Tax

CBDT Issued Certificates of Appreciation to Tax Payers

October 26, 2016 NewsTaxIndia0 comments798 views

CBDT issues second round of Certificates of Appreciation to another 10.15 lakh tax payers for their contribution towards Nation building The Union Finance Minister Shri Arun Jaitley, had personally handed-over the Certificates of Appreciation to a few individuals at North Block in the national capital … Continue Reading →

Income Tax

In J & K the Due date of Filing Return has been extended upto 31-12-2016

October 19, 2016 NewsTaxIndia0 comments612 views

In Jammu & Kashmir the Due date of Filing I.T. Return and tax audit report has been extended upto 31st December 2016 Dated October 18, 2016] In order to mitigate the difficulties being faced by the taxpayers in the State of Jammu & Kashmir in … Continue Reading →

Income Tax

Tax on Distributed income of Domestic Company for Buy-Back of Shares

October 19, 2016 NewsTaxIndia0 comments1270 views

Special Provisions Relating to Tax on Distributed income of Domestic Company for Buy-Back of Shares :- CBDT Notification No. 94/2016, Dated: October 17, 2016 G.S.R. 982(E). – In exercise of the powers conferred by section 115QA read with section 295 of the Income-tax Act, 1961 (43 … Continue Reading →

Income Tax

Conditions for Deemed Demerger of Public Sector Company

October 18, 2016 NewsTaxIndia0 comments920 views

CBDT Notification: Conditions for Deemed Demerger of Public Sector Company The reconstruction or splitting up of a company which ceased to be a public sector company as a result of transfer of its shares by the Central Government, into separate companies, shall be deemed to … Continue Reading →

Income Tax

No TDS on Lump Sum Lease Premium Paid for Acquisition of Long Term Lease

October 13, 2016 NewsTaxIndia0 comments1470 views

No TDS u/s 194-I of the Income-tax Act, 1961 on Lump Sum Lease Premium Paid for Acquisition of Long Term Lease Section 194-I of the Income-tax Act, 1961 (the Act) requires that tax be deducted at source at the prescribed rates from payment of … Continue Reading →

Income Tax

Form of Application u/s 270AA for getting immunity

October 11, 2016 NewsTaxIndia0 comments1139 views

Form of Application under section 270AA for getting immunity MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No. 90/2016 New Delhi, the 05th October, 2016 S.O. 3150 (E).— In exercise of the powers conferred by section 295 read with sub-section (2) … Continue Reading →

Income Tax

Form of Application u/s 270AA for getting immunity

October 11, 2016 NewsTaxIndia0 comments1189 views

Income Tax

Income Declaration Scheme 2016 unearths Rs.65250 Crore Income

October 2, 2016 NewsTaxIndia0 comments740 views

Income Declaration Scheme 2016 unearths Rs.65250 crore of hitherto Undeclared Income and Assets; 64275 declarations filed under IDS-2016 up to the midnight of 30th September, 2016 The Income Declaration Scheme, 2016 came into effect from 1st June, 2016. It provided an opportunity to persons who … Continue Reading →

Income Tax

CBDT Ask Assessees to Call CBI in Case of Any Demand for Bribe

September 20, 2016 NewsTaxIndia0 comments655 views

Installation of Display Board Asking people to contact CBI in case of any demand For Bribe CBDT vide order dated 19-09-2016 ask all the Pr. CCITs to ensure that a display board is placed along with details of the concerned Anti corruption Branch of the … Continue Reading →