CBDT Corner

CBDT: Enlarges scope of disclosure of taxpayers' IT-related information u/s 138, amends 2003 notification

CBDT retrospectively amend its earlier notification no. 137/2003 issued u/s 138(2) so as to harmonize it with the provisions of

Feb 22,2017

CBDT clips AO's powers in preliminary verification of cash-deposits post demonetisation

CBDT releases Standard Operating Procedure (‘SOP’) to be followed by AOs for on-line verification of cash transactions relating to demonetisation;

Feb 22,2017

CBDT: Emphasizes expeditious issue of refunds; Over 1.62 crore refund issued upto Feb.10

CBDT lays emphasis on expeditious issue of refunds; States that CPC has processed over 4.19 crore tax returns while issuing over 1.62 crore refunds

Feb 14,2017

CBDT issues FAQs on "Operation clean money"; 5 lakh unregistered taxpayers identified

5.27 lakh taxpayers respond on Income Tax (IT) Department's ‘Operation Clean Money’ for e-verification of large cash deposits made post demonetization

Feb 13,2017

CBDT issues third round of Certificates of Appreciation to over 3.5 lakh taxpayers

In the third round, CBDT issues Certificates of Appreciation to another 3.74 lakh taxpayers for their contribution towards Nation building and promptness in filing of

Feb 08,2017

IT-Dept launches "Operation Clean Money"; Analytics to zero in on 18 lakh demonetisation deposits

IT Department launches "Operation Clean Money", initial phase of the operation involves e-verification of large cash deposits made during November

Jan 31,2017

CBDT announces local postings / transfer in the grade of CIT

CBDT announces local postings / transfer in the grade of CIT with immediate effect.

Jan 31,2017

FinMin issues GAAR clarifications, answers 16 questions; Explains GAAR-LoB interplay

Finance Ministry issues GAAR clarifications, answers 16 questions; Clarifies that if the jurisdiction of FPI is finalized based on non-tax

Jan 27,2017

CBDT: Issues corrigendum, modifying rent-payment deduction u/s 80GG in annual TDS circular for salary

CBDT issues corrigendum to annual TDS circular for salary relating FY 2016-17; Corrigendum interalia modifies condition to claim deduction of

Jan 25,2017

CBDT tones down AIF's capital gains exception rigors for unlisted share sale

CBDT issues clarification in respect of income arising from transfer of unlisted shares by SEBI registered   Category I & II

Jan 24,2017