CBDT Corner

CBDT: Allows non-PAN assessees’ to make IDS declaration by quoting PAN application acknowledgement no.

CBDT allows non-PAN assessees’ to make declaration under the Income Declaration Scheme (‘IDS’) by quoting date and acknowledgement number of

Sep 29,2016

CBDT: Denies 'indexation' under IDS for assets sold pre-Jun'16 & sale-proceeds held in cash

CBDT issues yet another clarification on the Income Declaration Scheme (‘IDS’), clears air on making declaration with respect to sale made

Sep 28,2016

CBDT extends working hours till midnight of 30th September for receiving IDS declarations

CBDT extends working hours till midnight of 30th September for receiving IDS declarations

Sep 27,2016

CBDT: Mandates printing official email id / tel. numbers of AOs on scrutiny notices u/s 143(2)

CBDT issues internal instruction directing income-tax authorities to mention their e-mail address and office telephone number in all notices /

Sep 23,2016

CBDT: Revises Forms 64A / 64B, seeks additional disclosure of business trusts' renting/leasing income exempt u/s 10(23FCA)

CBDT notifies Income-tax (22nd Amendment) Rules, 2016, amends Forms 64A/64B relating to furnishing of income distribution statement by business trusts u/s

Sep 22,2016

CBDT advises lenient view on penalty for identical issues in non-IDS years

CBDT clarifies on levy of penalty in cases where assessment notice 142(1)/143(3)/147 was served before May 31, 2016, and hence

Sep 21,2016

Govt. issues appreciation letters to honest taxpayers, acknowledges contribution towards nation building

Acknowledging important role of taxpayers in the nation building, Finance Minister, Arun Jaitley hands over certificates of appreciation honouring select tax payers

Sep 20,2016

CBDT: IDS available for assessment proceedings pending on May 31 but ‘completed’ later

CBDT issues one more clarification on the Income Declaration Scheme (‘IDS’), states that a declaration can be filed for an

Sep 20,2016

CBDT: Directs Pr CCITs to submit report on monitoring taxpayers' grievances by Oct 5th

CBDT requires all Pr. CCITs to submit the report on review of personal monitoring of taxpayer grievances  latest by October

Sep 19,2016

CBDT: Response to IDS sheer media speculation, expects good results in last stretch

CBDT clarifies that speculation in certain section of the press on taxpayers response to the Income Disclosure Scheme, 2016 (‘the

Sep 16,2016