income tax act Archives

Clarifications on implementation of GAAR provisions under the Income Tax

January 28, 2017 NewsTaxIndia0 comments1117 views

The General Anti Avoidance Rule (GAAR provisions) shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards. The necessary procedures for application of GAAR and conditions under which it shall not apply, have been enumerated in Rules 10U to 10UC of the … Continue Reading →

Public News

Bihar Electricity Regulatory Commission Notified under clause (46) of section 10 of the Income-tax Act 1961

October 30, 2016 NewsTaxIndia0 comments1040 views

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Dated 27th October, 2016 S.O. 3336(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes … Continue Reading →

Public News

Bihar Electricity Regulatory Commission Notified under clause (46) of section 10 of the Income-tax Act 1961

October 30, 2016 NewsTaxIndia0 comments1040 views

Income Tax

Intimation u/s 143(1) for AY 2014-2015, 2013-2014 and 2012-2013 can be issued upto 31-03-2017

October 26, 2016 NewsTaxIndia0 comments185641 views

Issue of Intimation under section 143(1) of Income-tax Act, 1961 beyond the prescribed time in non-scrutiny cases-reg.- …It has come to notice that some returns-of-income having ‘claim of refund’ pertaining to Assessment Years 2014-2015, 2013-2014 and 2012-2013 were not processed within the time-frame … 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 →

Personal Finance

Sovereign Gold Bond Scheme 2016-17 Series III

October 21, 2016 NewsTaxIndia0 comments1440 views

Sovereign Gold Bond Scheme 2016 -17 – Series III – Issue Price: The issue price has been fixed at Rs. 2957/- (Rupees Two Thousand Nine Hundred Fifty Seven only) per gram of gold. RBI Press Release: 2016-2017/999 The Reserve Bank of India, in consultation with Government of … Continue Reading →

Personal Finance

Sovereign Gold Bond Scheme 2016-17 Series III

October 21, 2016 NewsTaxIndia0 comments1324 views

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

Form of Application u/s 270AA for getting immunity

October 11, 2016 NewsTaxIndia0 comments1189 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 comments1139 views