CBDT Corner

No major changes in CBDT's compulsory tax-assessment case selection criteria for FY 2017-18

CBDT releases criteria for compulsory manual selection of cases for scrutiny for FY 2017-18; No major changes made in the criteria

Jul 07,2017

CBDT: Direct tax collections upto June 2017 register 14.8% growth

CBDT press release reveals net direct tax collections up to June, 2017 at Rs. 1.42 lakh crore thereby registering a

Jul 07,2017

CBDT amends Rule 29B for application by foreign banks for ‘tax non-deduction’ certificate u/s. 195(3)

CBDT amends Rule 29B relating to application for certificate authorising receipt of interest and other sums without deduction of tax u/s.

Jul 07,2017

CBDT announces annual transfers of 245 CITs, names APA Commissioners for Mumbai, Bengaluru

CBDT announces annual transfers of 245 CITs; Pursuant to creation of new CIT(APA) charges, Mr. Mahesh Kumar (presently CIT(TP-3), Mumbai)

Jul 04,2017

CBDT: Clarifies each loan instalment as separate transaction for Sec. 269ST, notifies further exclusions

CBDT issues notification excluding a few more transaction from purview of Sec. 269ST (provision restricting cash transaction exceeding Rs. 2

Jul 04,2017

CBDT revises Form 3CD regarding information on transactions mentioned in Sec. 269SS & 269T

CBDT revises Form for Tax Audit Report u/s 44AB i.e.form 3CD in respect of disclosure of transactions mentioned in Sec.

Jul 04,2017

Government outlines PAN-Aadhar linking & authentication process, cautions intermediaries on confidentiality

CBDT notifies multiple options for intimating Aadhar number by existing PAN holders & provides for operational guidelines for quoting Aadhar

Jun 30,2017

CBDT: Amends PAN application rules to include Aadhaar details effective July 1

CBDT amends Rule 114 of the Income Tax Rules [relating to Permanent Account Number (‘PAN’) application] consequent to powers conferred

Jun 28,2017

CBDT revises format for Sec 143(2) notices to implement e-assessments

CBDT revises format for issue of notices for assessment u/s 143(2); CBDT issues revised notice format in view of increased

Jun 23,2017

CBDT appoints over 260 Joint CITs on ad-hoc basis

CBDT announces ad-hoc appointment of 263 IRS officers to the grade of Joint Commissioner of Income-tax (‘Jt. CIT’) from  April

Jun 19,2017