CBDT Corner

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

CBDT: Issues 14 FAQs on Dispute Resolution Scheme, clarifies on condonation, loss-reduction cases

CBDT issues 14 FAQs on the Direct Tax Dispute Resolution Scheme, 2016 (‘Scheme’) which provides an opportunity to tax payers

Sep 12,2016

Personal Income-Tax collections boost Direct Tax mop-up but net Corporate Tax collections flat

Personal Income-Tax collections boost Direct Tax mop-up but net Corporate Tax collections flat

Sep 12,2016

CBDT extends Sept. 30 returns filing due date to Oct. 17

CBDT extends return filing due date of Sept 30 in tax audit and other cases, to Oct. 17; Due date extended in wake

Sep 09,2016

CBDT issues revised guidelines for engagement of standing counsels

CBDT issues revised guidelines for engagement of standing counsels detailing requisite qualifications and terms of conditions of their engagement alongwith

Sep 09,2016

Govt rules out extension of IDS, 2016 beyond Sept 30, Envisages no further clarifications

CBDT envisages that no further clarifications shall be issued in relation to the Income Declaration Scheme, 2016 (‘the Scheme’) given

Sep 03,2016

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