CBDT Corner

CBDT manual stresses on exchange of banking info, secrecy of information received

CBDT's Manual on Exchange of Information sets out procedure for handling inbound, outbound exchange of information requests under treaties and

Jan 24,2013

CBDT circular grants tax exemption to "Onsite Software Development", Body Shopping, R&D

Onsite development of Software eligible for Sec. 10A/10B benefits as long as direct / intimate nexus of software development with eligible

Jan 17,2013

CBDT notifies Scheme for Centralized Processing of TDS Statements

CBDT notifies Scheme for Centralized Processing of TDS Statements; Commissioner may adopt 'appropriate procedure' and decide priority for processing statements;

Jan 17,2013

CBDT extends due date for filing ITR-V for e-filed returns

CBDT extends the time limit to file Form ITR-V for AYs 2010-11, 2011-12 and 2012-13; Time limit for AYs 2010-11

Jan 09,2013

CBDT FAQs clarify withholding tax framework for Qualified Foreign Investors

CBDT issues 26 FAQs on tax framework applicable to Qualified Foreign Investors (QFIs); Qualified Depository Participants (QDFs) primarily responsible for

Dec 27,2012

CBDT notifies fair valuation guidelines for private co's share allotment

Pursuant to amendment to Sec 56 by Finance Act 2012 bringing excess consideration over fair market value ['FMV'] of unquoted

Dec 01,2012

CBDT authorizes specified companies to issue tax-free bonds during FY 12-13

CBDT authorizes specified companies to issue tax-free bonds during FY 12-13 

Nov 09,2012

CBDT cracks whip on CIT(A)'s "tardy" disposal rate

CBDT expresses concerns on mounting pendency of appeals before CIT(A); Criticises CIT(A)'s average disposal rate of 312 cases per year;

Oct 30,2012

CBDT's Accounting Standards Committee recommends 14 Tax Accounting Standards

CBDT's Accounting Standards Committee's report recommends 14 Tax Accounting Standards (TAS); Committee after examining ICAI's 31 Accounting Standards recommends that

Oct 26,2012

CBDT announces redistribution of work among members

CBDT announces redistribution of work among members 

Oct 17,2012

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