News

Budget exercise to be completed before March 31, says FM Arun Jaitley

Finance Minister Arun Jaitley states that all proposals of Railways will be part of the General Budget; Budget exercise will

Sep 21,2016

Cabinet approves merging of Union & Railway Budgets, advancing date to February 1

Union Cabinet approves merging of Union & Railway Budgets; Also approves advancing Budget date to February 1 : PTI

Sep 21,2016

Sec 54F benefit restricted for non-deposit in capital-gains account scheme; Revenue’s appeal in JC Bamford’s case dismissed

Sec 54F benefit restricted for non-deposit in capital-gains account scheme; Revenue’s appeal in JC Bamford’s case dismissed

Sep 19,2016

Porus Kaka to deliver prestigious David R. Tillinghast lecture on International Taxation at NYU

Porus Kaka to deliver prestigious David R. Tillinghast lecture on International Taxation at NYU

Sep 15,2016

Pakistan becomes the 104th jurisdiction to sign multilateral tax-information sharing convention

Pakistan signs the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (‘MCA’)  thereby becoming the 104th jurisdiction to join the Convention; The MCA

Sep 15,2016

17 days due date extension applicable to tax audit reports , clarifies CBDT

CBDT issues clarification in respect of scope of due date extension from Sept. 30 to Oct. 17; CBDT clarifies that 'due date'

Sep 14,2016

'Digital signal' payment for broadcasting ‘Olympic Games’, not royalty, rules Australian Court

Federal Court of Australia rules on tax implications of payment by an Australian entity (a media company that operates commercial

Sep 14,2016

Confusion reigns over 'due-date' extension, CBDT release refers to 'tax audit' cases

CBDT issues press release with regards to scope of 'due date' extension; Press release specifically makes reference to extension of due date

Sep 10,2016

India notifies Maldives treaty, DTAA effective from August 1, 2016

Government of India notifies agreement with Maldives for avoidance of double taxation on income derived from international air transport; The agreement was signed

Sep 09,2016

SIT guns illicit financial flows out of India; Recommends RBI data sharing

Special Investigation Team (‘SIT’) on Black Money asks RBI to develop institutional mechanism to track and thereby curb illicit financial

Sep 06,2016

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