CBDT Corner

CBDT Chairman Sushil Chandra's term extended by 1 year

Appointments Committee of Cabinet approves proposal for re-appointment of Mr. Sushil Chandra as CBDT chairman for a period of one

May 09,2017

CBDT releases draft rules prescribing ‘unquoted shares’ valuation for purposes of Sec. 56(2)(x)/50CA

CBDT releases draft rules prescribing method of valuation of unquoted shares for the purpose of Sections 56(2)(x) and 50CA; CBDT invites

May 05,2017

CBDT announces modification in work distribution amongst members

CBDT announces modification in work distribution amongst its members with immediate effect; Mr. Gopal Mukherjee to hold charge as Member (Investigation), Mr. Rajendra Kumar

May 05,2017

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