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Joint Secretary Rajat Bansal says revised India Singapore treaty to provide investor certainty

Joint Secretary Rajat Bansal says revised India Singapore treaty to provide investor certainty

Dec 30,2016

CBDT: Notifies challan ITNS-287 for tax-payment under IDS-2, allows use of oldbank-notes

CBDT states that payments towards tax, penalty and surcharge under the Pradhan Mantri Garib Kalyan Yojana (‘PMGKY’) should be made

Dec 23,2016

CBDT identifies 67.54 lakh potential non-filers for FY 2014-15

CBDT identifies 67.54 lakh potential non-filers for FY 2014-15 who have carried out high value transactions but have not filed tax

Dec 23,2016

CBDT clarifies on indirect transfer provision applicability to offshore funds/ financial sector

CBDT issues 19 FAQs on applicability and scope of indirect transfer provisions u/s 9(1) to offshore funds and financial services

Dec 21,2016

CBDT issues circular, seeks to clarify indirect transfers related ambiguities

CBDT issues clarification, answers 19 questions on indirect transfer provisions contained in Sec. 9(1)(i) of the Income-tax Act, 1961

Dec 21,2016

Government introduces tax-incentive on less-cash transactions, deemed profit rate u/s 44AD reduced from 8% to 6%

CBDT announces reduction in deemed profit rate from 8% to 6% u/s 44AD (which provides for a presumptive tax scheme)

Dec 19,2016

Government notifies rules for IDS – 2 deposits, 31st Mar’17 deadline to avail PMGKY shelter

Govt. notifies rules for declaration of undisclosed income under Pradhan Mantri Garib Kalyan Yojana Scheme, 2016 (‘PMGKY’), the Scheme shall

Dec 16,2016

SC sets-aside Madras HC in Kalanithi Maran on ‘writ’ maintainability against reopening notice

SC sets-aside Madras HC judgement in a batch of over 40 cases including Kalanithi Maran [TS-413-HC-2014(MAD)]; Madras HC had dismissed taxpayers’ writ petitions against

Dec 08,2016

Proceedings' Summary of FIT & IBFD’s International Taxation Conference 2016

Year 2016 has certainly been eventful for tax professionals across the globe! And what better way to end the year

Dec 06,2016

CBDT seeks to clarify rumours around jewellery taxation under proposed demonetisation amendments

CBDT seeks to clear air around rumors making rounds that gold jewellery (including ancestral jewellery) shall be taxed @ 75%

Dec 01,2016

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