CBDT clarifies that Rs. 2 lakh threshold under Rule 114E for reporting of cash transactions relating to sale of goods/services
Indian govt. issues corrigendum, retrospectively rescinds Cyprus notification u/s 94A; Revised notification now inserts word "the", replacing the word "this"
CBDT clarifies on media reports suggesting no scrutiny of accounts of political parties under Income-tax Act in context of deposit
The Taxation Laws (Second Amendment) Bill, 2016 containing demonetization related amendments to Income-tax Act receive President’s assent on December 15
CBDT cautions taxpayers against mis-using provisions for filing revised tax return for manipulating earlier years' figures of income, cash-in-hand, profits etc.
CBDT clarifies that mere increase in turnover due to use of digital means of payment in a particular year, cannot
CBDT: Rejects declarant’s 2 lakh crore worth declaration under IDS, commences enquiries on ‘suspicious’ declarations
IT Department excludes two sets of ‘suspicious’ high-value declarations from Mumbai and Ahmedabad from the total value of declarations of
CBDT reveals inconsistencies pursuant to investigation being conducted by the IT Department across India with respect to sudden surge in
CBDT releases updated Guidance Note on Foreign Account Tax Compliance Act ('FATCA') and Common Reporting Standards ('CRS') to help Financial Institutions,