Mar 31, 2017

CBDT Mandates Reporing of Cash Deposits in New ITR Forms

In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Di...

CBDT Issue Clarification on PMGKY 2016

The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (hereinafter ‘the Scheme’) has commenced on 17.12.2016 a...

Mar 29, 2017

Doing Business will not Easy in GST

Since all four Bills relating to GST have been introduced in Lok Sabha on 27-3-2017, there are very good chance that GST will be effective...

Mar 26, 2017

CBDT Issues Guidelines for Interest Weiver of Assessee in Default

 In exercise of the powers conferred under clause (a) of sub-section (2) of section 119 of Income-tax Act, 1961( the Act), Central Board o...

Banks and Payment System will Normal Operate from March 25 to 1 April 2017

 A reference is invited to the circulars DPSS.CO.CHD.No./2656/03.01.03/2016-17 dated March 23, 2017 on “Special Clearing operations on Mar...

Third Protocol Amending India-Singapore DTAA comes into force

The Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30th December, 2016 has entered...

Mar 24, 2017

CBDT Clarification on Income Computation and Disclosure Standerd ICDS

CBDT issued a circular no. 10/2017 dated 23 March 2017 about clarification on income computation and discloure standerd ICDS notified u/s ...