CBDT Corner

CBDT dedicates June 1-15th for disposing appeal effect & rectification claims

CBDT dedicates first fortnight of June 2018 to dispose off taxpayers' claims for appeal effect and rectification, directs AOs to

May 14,2018

CBDT : Releases draft rules for FMV computation upon conversion of inventory into capital-asset

CBDT releases draft rule 11UAB prescribing the manner of determination of fair market value (FMV) of the inventory which has

May 04,2018

CBDT's draft notification specifies non-STT scenarios vis-a-vis 10% LTCG tax

CBDT issues draft notification u/s 112A(4) to specify  nature of acquisitions in respect of which requirement of payment of STT

Apr 24,2018

CBDT : Specifies May 31st deadline for filing references for ‘struck-off’companies' restoration; Designates nodal officers

CBDT directs Revenue to complete the exercise of filing references in terms of its earlier letter dated December 29, 2017,

Apr 19,2018

CBDT: Notifies CIT(A) jurisdictions under Black Money (Undisclosed Foreign Income and Assets) Act, 2015

CBDT notifies Commissioner (Appeals) [‘CIT(A)s’] under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act,2015 [‘BM

Apr 17,2018

Protocol amending India-Kazakhstan DTAA inserts LOB clause, allows MAP access in TP cases

Govt. of India notifies protocol amending DTAA with Kazakhstan, which was entered into force on March 12, 2018; Protocol injects

Apr 16,2018

CBDT: PAN/TAN obtained via MCA single window sufficient compliance for corporate assessees

CBDT clarifies that “PAN and TAN mentioned in the Certificate of Incorporation (COI) issued by MCA shall also be treated

Apr 14,2018

CBDT: Proposes amendment to AAR-forms for implementing BEPS Action 5 on tax-rulings exchange

CBDT issues draft notification proposing amendment to Rule 44E (relating to application for obtaining an advance ruling) and related Forms

Apr 10,2018

CBDT amends PAN/TAN allotment form; Inserts a new category 'transgender'

CBDT notifies Income-tax (Fourth) Amendment Rules, 2018,  amends PAN/TAN allotment form (i.e. Forms 49A/49AA); Inserts a new category 'transgender' under

Apr 10,2018

CBDT : Gives effect to Budget 2018 announcement, withdraws transport allowance exemption

CBDT issues notification withdrawing tax exemption of transport allowance of Rs. 1,600 per month, granted to an employee to meet

Apr 09,2018