News

CBDT releases share buy-back tax draft rules for public consultation

CBDT releases draft rules for public consultation prescribing the manner of determining 'amount received by company' for determining 'distributed income'

Jul 25,2016

G-20 calls for pro-growth tax polices, re-enforces BEPS commitment; Warns non-transparent jurisdictions

Communiqué issued by G20 Finance Ministers/Central Bank Governors (who met in Chengdu, China to review efforts in responding to key

Jul 25,2016

Govt releases undisclosed assets/income statistics post search/survey conducted under anti-black money measures

As a part of various Enforcement measures initiated to tackle black money menace, Income tax department conducted searches in 990

Jul 25,2016

OECD recommends Governments to use tax systems to drive inclusive growth agenda

OECD recommends Governments to use tax policy to drive forward inclusive growth agenda in its working paper on Tax Design for Inclusive

Jul 21,2016

Harish Salve unloads on destructive tax laws, burgeoning litigation; Praises GST, BEPS & more…

Harish Salve unloads on destructive tax laws, burgeoning litigation, GST, BEPS & more… Click here to watch Mr. Harish Salve’s exclusive, enthralling

Jul 21,2016

CBDT extends time-limit for IDS tax payment; Final instalment by Sept 2017

Acting on stakeholder concerns over 'short' period of time to make tax payments on IDS disclosure, Government relaxes Nov. 30 deadline

Jul 14,2016

Govt. directs non- disclosure of information received under the IDS to its officers

Government directs that no public servant shall furnish any document/ record / information/ computerised data or part thereof received while discharging

Jul 12,2016

Q1 direct tax collection registers 25% increase

Direct tax (‘DT’)collections upto June, 2016 indicate net revenue collections of Rs.1.24 lakh crore, registering an increase of 24.79% over

Jul 11,2016

Thomson Reuters survey highlights BEPS preparedness of 66% MNCs; TP documentation top concern

Thomson Reuters Global BEPS Survey Report 2016 (conducted on 207 multinational companies) reveals higher BEPS activity compared to last year,

Jul 08,2016

CBDT: Directs monitoring of non-filers, AIR data & penny stock transactions for IDS success

CBDT directs Principal Chief Commissioners to mine treasure trove of data available through online tracking systems; Instructs Pr. CCITs to

Jul 08,2016

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