CBDT | Corporate Law Reporter

Widening of the scope of power of Transfer Pricing Officer in context of Section 92CA of the Income Tax Act, 1961 An Analogous study

In the last few years the Government of India has taken many steps in order to strengthen the Transfer Pricing (Taxation) regime in India. A series of amendment has been introduced in order to enhance the ambit of tax base and consequent increase in the revenue. The latest step in this direction was the extension… Read More

Tags: CBDT, Finance Act, Government of India, Income Tax Act 1961, India, Order of Australia, Taxation in India, The Income-tax Act 1961, transfer pricing

CBDT Order On Appointment Of IRS Officers As Joint Commissioners

The CBDT has issued Order No. 186 of 2013 dated 01.10.2013 stating that the President has appointed 164 officers of the India Revenue Service (Income Tax) to the grade of Joint Commissioner of Income-tax purely on Ad-hoc basis in the pay scale of Rs. 15,600-39,100 + 7,600/- with immediate effect and until further orders. CBDT… Read More

Tags: CBDT, Government of India, Income tax, India, Indian Revenue Service, National Academy of Direct Taxes, Taxation in India, United States

HC issues strict guidelines in order to end CBDT™s TDS credit & refund adjustment harassments

CLR Editorial Note: A letter dated 30th April 2012 was addressed to the High Court, by Anand Parkash, FCA, in which numerous problems were highlighted which mentioned about the hassles being faced by assesses across the Country owing to the faulty processing of the Income Tax Returns and non-grant of TDS credit & refunds. It was claimed… Read More

Tags: Case Laws, Caselaws, CBDT, Commonwealth Law Reports, High Court, Income tax, Order of Australia, Taxation in India, TDS, The Honourable

Due-Date for Filing Returns of Income in Cases of Income Tax Assessees in Gujarat Extended upto 14th October 2013

On consideration of reports of dislocation of general life caused due to recent heavy rains and floods in the State of Gujarat, the Central Board of Direct Taxes (CBDT) has extended the ˜due-date™ for filing Returns of Income from 30th September, 2013 to 14th October, 2013, in cases of Income Tax assessees in the State… Read More

Tags: CBDT, Central Board of Direct Taxes, Commonwealth Law Reports, Gujarat, Income tax, Tax, Taxation in India, United States

HC directs CBDT to investigate whether AO did not act in a bonafide manner

CLR Editorial Note: The assessee in this case, had sold an agricultural land for a value of Rs. 1.20 crore and deposited the cash proceeds in his bonafide bank account. With respect to this transaction, he filed a return in which the transaction was disclosed and claimed to be not chargeable to tax. However, as… Read More

Tags: CBDT, CIT, High Court, Income tax, Rupee, Tax, Taxation in India

Overwhelming Response to e-Filing of ITR

123.03 Lakh Returns e-Filed till 5th August, 2013 Which is 68.3% ; Higher than the Returns e-Filed in the Corresponding Period During Last Year: 6.92 Lakh Returns e-Filed on 5th August, 2013 Itself The due date for filing of Income Tax Return for Individuals, HUFs and non-auditable cases for A.Y. 2013-14 was extended by the Central… Read More

Tags: CBDT, Filing (legal), Income tax, India, ITR-2, Tax, Tax Return, Taxation in India

Overwhelming Response for e-filing from Every Corner of the Country

Overwhelming Response for e-filing from Every Corner of the Country; More than 82 Lakh Returns E-Filed till 29th July, 2013 which is More than 40% of the Returns e-filed during the Same Period Last Year; Record Peak of more than 85,000 Returns Per Hour Achieved The due date for filing of Income Tax Return for… Read More

Tags: 31st July 2013, Bangalore, CBDT, Filing (legal), Income tax, Tax, Tax Return, Taxation in India

Notification I for Departmental Examinations 2013 for (i) Income Tax Officers, (ii) Income Tax Inspectors and (iii) Ministerial Staff-regarding

DIRECTORATE OF INCOME-TAX (IT) Ministry of Finance, Department of Revenue 5th Floor, Mayur Bhawan, Connought Circus, New Delhi 110001 F. No. DE-20136/Notification/DIT(IT) Dated : 18/07/2013 To All Chief Commissioner of Income-tax (Cadre Controlling), All CIT (Incharge of Examination) Sub : Notification I for Departmental Examinations 2013 for (i) Income Tax Officers, (ii) Income Tax Inspectors and… Read More

Tags: Annexation, CBDT, Finance Ministry, Income tax, Manoj Joshi, New Delhi, Tax, Taxation in India

Special IT Return Receipt Counters for Salaried Tax Payers With Income Upto Rs. 5 Lakh

The CBDT has, vide notification dated 1-05-2013, made E-filing of Return compulsory for Assessment Year 2013-14 for persons having total assessable income exceeding Five lakh rupees. The CBDT vide its earlier notifications had exempted salaried employees having total income upto Rs. 5 lakhsincluding income from other sources upto Rs. 10,000/- from the requirement of filing return of income for assessment year 2011-12 and… Read More

Tags: CBDT, Digital signature, New Delhi, Payment, Salary, Tax, Tax return (United States), Taxation in India

Income-tax (10th Amendment) Rules, 2013 – Insertion of Rule 6AAF, 6AAG, 6AAH AND FORM NO.3CQ, 3CR

GOVERNMENT OF INDIA MINISTRY OF FINANCE ( DEPARTMENT OF REVENUE ) NOTIFICATION No. 54/2013 Dated : July 15, 2013 In exercise of the powers conferred by section 295 read with sub-section (1) of section 35CCD of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962,… Read More

Tags: CBDT, Government of India, Income Tax Act, Income Tax Act 1961, Nazi Party, NSDA, Official Gazette, Taxation in India

Identification of Unserved Intimation under section 143 (1) for cases processed prior to 31-03-2010

Hon'ble Delhi High Court vide judgment in case of Court On its Own Motion v. UOI and Ors. in W.P. (C) 2659/2012 dated 14.03.2013 has issued Seven Mandamus for necessary action by income-tax Department one of which is regarding non-enforcement of Demand where no intimation under section 143(1) of Income-tax Act,1961 was sent by field-authorities in refspect of returns which were… Read More

Tags: CBDT, Commonwealth Law Reports, Delhi High Court, Hon, Income tax, Taxation in India, The Honourable, United States

Implementation of the approved Restructuring of the Income Tax Department

C.R.I. -13/1(Core Comm) : Corr. No. 2 DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) CENTRAL BOARD OF DIRECT TAXES DEPARTMENT OF REVENUE GOVERNMENT OF INDIA D. O. F. No. HRD/CM/102/3/2009-10/(Pt)/1102 Dated : 2nd July, 2013 Dear Sub:-Implementation of the approved Restructuring of the Income Tax Department 1. On 23.05.2013, Government has approved Cadre Restructuring of the… Read More

Tags: CBDT, Core Committee, Delhi, Government, Income tax, India, Tax, Taxation in India

Implementation of Cadre Restructuring in the Income Tax Department : Infrastructure Requirements

C.R.I. -13/1(Core Comm) : Corr. No. 9 GOVERNMENT OF INDIA CENTRAL BOARD OF DIRECT TAXES DIRECTORATE OF INCOME TAX (HUMAN RESOURCE DEVELOPMENT) ICADR Building, Plot No. 6, Vasant Kunj Institutional Area Phase-II, New Delhi 110070. Ph. 26130599, Fax 26130598 F. No. HRD/CM/102/3/2009-10/(Pt)/1100 Dated : 2nd July, 2013 Office Order Sub:-Implementation of Cadre Restructuring in the… Read More

Tags: CBDT, Core Committee, Director-general, Government of India, Income tax, New Delhi, Taxation in India, Working Group