CBDT Corner

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

CBDT Task Force to create new ecosystem for scrutiny assessments, taxpayer segmentation

CBDT agrees to the broad concept of taxpayer segmentation with differentiated treatment and creation of a "new ecosystem for conducting

Jun 16,2017

CBDT initiates consultation for tax consequences u/s 115JH on foreign company having Indian POEM

CBDT issues draft notification u/s. 115JH specifying tax consequences in respect of foreign company said to be resident on account

Jun 15,2017

CBDT:Clarifies on seized-cash adjustment, trade-advance taxability u/s. 2(22)(e), TDS applicability on airline’s PSF payment

CBDT clarifies that Explanation 2 to Sec. 132B (debarring adjustment of seized cash against advance tax liability) is prospective  in nature, accepts the view taken

Jun 12,2017

CBDT: Notifies operating rules for TDS on rent payment exceeding Rs. 50k by individuals / HUFs

CBDT notifies operating rules and forms with respect to Sec. 194IB (inserted by Finance Act, 2017)  to provide for TDS

Jun 12,2017

India submits provisional list of expected reservations on MLI

India submits provisional list of expected reservations and notifications to be made by it pursuant to Articles 28(7) and 29(4)

Jun 07,2017

India signs historic Multilateral Instrument on BEPS, alongwith over 65 countries

Over 65 countries, including India sign historic Multilateral Instrument in Paris, that will amend thousands of bilateral tax treaties, with

Jun 07,2017

CBDT amends Rule 31(3A) regarding claiming TDS refund, enables electronic verification

CBDT amends Form 26B and sub-rule 3A of Rule 31A relating to claiming refund of excess TDS deposited by deductor;

Jun 07,2017

CBDT notifies cost inflation index for FY 2017-18 with new base year as FY 2001-02

CBDT notifies cost inflation index of 272 for FY 2017-18 with new base year as FY 2001-02; Notification shall come

Jun 07,2017