A Task Force consisted of 6 members have been constituted by Govt., dated 22-11-2017, in order to review the existing Income-tax Act, 1961. The deliberations of the Task Force are in progress and has decided to interact with various stakeholders. Task Force has released list of questionnaire inviting suggestions and feedbacks from stakeholders and general… Read More »
आयकर निदेशालय (पद्धनि) DIRECTORATE OF INCOME TAX (SYSTEM) ए आर ए सेंटर, भू-िल, ई-2 झंडेवालाि एक्स ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. System/ITBA/Assessment/Notice 142(1)/2017-18 Dated: 19-03-2018 To, All Principal Chief Commissioners of Income-tax/ PrDGsIT/ CCsIT/ DGsIT , All Principal Commissioner of Income-tax/ PrDsIT/ DsIT/ CsIT/CsIT (Admin&TPS), All Assessing Officers… Read More »
Finance Bill 2018 Finance Bill 2018 as passed by Lok Sabha on 14/03/2018
Ministry of Finance Cabinet approves Agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and Iran Posted On: 14 MAR 2018 7:34PM by PIB Delhi The Union Cabinet, chaired by Prime Minister Shri Narendra Modi has approved an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal… Read More »
New Form 10A available online for registration of charitable or religious trust The substituted Form 10A – Application for registration of charitable or religious trust or institution etc. is now available for e-Filing on www.https://incometaxindiaefiling.gov.in/home . [For details Click here]
F.No. 173/14/2018-ITA.1 Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, dated the 6′” of February, 2018 To All Principal Chief-Commissioners of Income-tax Madam/Sir Subject: Determination of fair market value of unquoted equity shares of ‘Start Up’ companies under section 56(2)(viib) of the Income-tax Act read with Rule llUA(2) of… Read More »
F. No. 370149/20/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 4th February, 2018 Subject: Frequently Asked Questions (FAQs) regarding taxation of long-term capital gains proposed in Finance Bill, 2018-reg Under the existing regime, long term capital gains arising from transfer of long term capital assets,… Read More »
The Income Tax Department has issued an advisory/warning for cash transactions in excess of prescribed limits. DO NOT ACCEPT cash of Rs. 2,00,000/- or more in aggregate from a single person in a day or for one or more transactions relating to one event or occasion. DO NOT RECEIVE OR REPAY Rs. 20,000/- or more in cash… Read More »
Ministry of Finance Defaulter of Income Tax TDS arrested and sent to jail by the Tis Hazari Court Posted On: 20 JAN 2018 4:32PM by PIB Delhi Tis Hazari Court has ordered judicial custody of the Director of a Delhi based Real Estate and IT Solution Company for non-compliance in Income Tax TDS Default case.… Read More »
Ministry of Finance Income Tax Department steps-up actions under Prohibition of Benami Property Transactions Act : Benami properties of more than Rs. 3,500 crore in more than 900 cases attached Posted On: 11 JAN 2018 12:54PM by PIB Delhi Due to intensive efforts undertaken by the Income Tax Department, provisional attachment has been made in… Read More »