CBDT Corner

CBDT : Non-resident seafarers' salary for services outside India not taxable despite credit to NRE- account

CBDT issues clarification on taxability of remuneration received by non-resident sea-farers in NRE (Non Resident External) account maintained with Indian

Apr 12,2017

CBDT sets April 30 deadline for FATCA compliance, warns account restrictions for defaulters

CBDT sets April 30, 2017 deadline for providing self-certifications by account-holders to financial institutions with respect to Rule 114H(8) relating to US

Apr 11,2017

CBDT-MCA partnership off to rollicking start, PANs allotted to companies in 4 hours!

CBDT ties up with Ministry of Corporate Affairs (‘MCA’) to issue PAN and TAN within 1 day with a view

Apr 11,2017

CBDT: Highlights Rs 1.37 lakh crore crackdown on tax-evasion in 3 years; Rs 13K crore unearthed in conduits

CBDT issues press release highlighting significant achievements made in last 3 financial years towards eliminating domestic black money; Reveals that

Apr 07,2017

CBDT issues notification exempting bank withdrawals from Sec. 269ST ambit

CBDT issues notification pursuant to press note released yesterday with respect to restriction on cash transactions contained u/s. 269ST; Accordingly, withdrawal of cash

Apr 06,2017

CBDT revises form for claiming new workmen deduction under amended Sec. 80JJAA

CBDT substitutes Form 10DA i.e accountant’s report for claiming new workmen deduction u/s 80JJAA, amended vide Finance Act, 2016; Requires

Apr 06,2017

CBDT: Cash transaction restriction u/s. 269ST not applicable to cash withdrawals from Banks

CBDT issues clarification with respect to restriction on cash transactions contained under newly inserted Sec. 269ST; CBDT clarifies that “the restriction

Apr 05,2017

CBDT moves quickly to assuage non-residents, takes them out of 'Aadhaar' net

CBDT clarifies that mandatory quoting of Aadhar or Enrolment ID shall apply only to a person who is eligible to

Apr 05,2017

CBDT – Releases stats of direct tax collection for FY 2016-17; Highlights 100% attainment of targets

CBDT issues press release highlighting 100% accomplishment of direct tax collection target for FY 2016-17; Reports gross and net direct

Apr 04,2017

CBDT notifies rules for communication between taxpayer & IT Dept under e-assessments

CBDT issues notification prescribing procedure, formats and standards for ensuring secured transmission of electronic communication using 'E-Proceeding' between the assessing

Apr 04,2017