CBDT Corner

CBDT notifies Form 10-IB for exercising concessional tax rate option u/s 115BA(4)

CBDT notifies new Rule 21AC and Form 10-IB for exercising option u/s.  115BA(4)  (which provides that a newly set-up domestic

May 05,2017

CBDT's major relief to industrial parks, SEZs; Clarifies lease-rentals not house-property income

CBDT puts to rest the controversy on 'house property' versus 'business income' classification for income from letting out of premises

Apr 25,2017

CBDT: Notifies Rule 17CB for taxation of trust’s accredited income u/s 115TD, effective from June’16

CBDT notifies new Rule 17CB for the purposes of Sec. 115TD (inserted vide Finance Act, 2016 which provides for taxation

Apr 25,2017

CBDT announces pan-India transfer of over 500 IRS officers

CBDT announces annual transfer for IRS officers; Orders inter-city transfers/postings of 136 Additional /Joint CITs and 383 Assistant / Deputy

Apr 24,2017

CBDT firmly asserts retrospectivity of Cyprus notification rescission, sends message to tax officers

CBDT puts to rest the controversy with respect to removal of Cyprus from the list of notified jurisdictional areas u/s

Apr 21,2017

CBDT further extends due-date for filing declaration under PMGKY to May 10

CBDT vide circular no. 14/2017 extends due-date for filing declaration in Form No. 1 under the Pradhan Mantri Garib Kalyan Yojana, 2016

Apr 21,2017

‘Operation clean money’ & ‘Demonetisation’ part of CBDT’s current quarter action plan

CBDT releases interim action plan for first quarter of FY 2017-2018; Sets May 31st deadline for verification of data of

Apr 17,2017

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