Taxation - Corporate Law Reporter

CBDT vide order dt. 26 July 2017 directs designated officer to furnish bulk info. to MCA

F.No. 225/252/2017/ITA.II Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, the 26th of July, 2017 Order In exercise of powers conferred under section 138(1)(a) of Income tax Act, 1961 (‘Act’), the Central Board of Direct taxes hereby directs that Principal Director General of Income-tax (Systems), New-Delhi (Pr. DGIT(Systems)) shall be the… Read More

Govt. directs CBDT to furnish specified information to MCA

TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PARTII, SECTION 3 SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT FO REVENUE CENTRAL BOARD OF DIRECT TAXES New Delhi, the 26th of July, 2017 NOTIFICATION In pursuance of sub- clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-Tax… Read More

CBDT clarifies on computation of book profit for the purposes of levy of MAT under IT Act

Circular Number 24/2017 F. No 133/23/2015-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) **** Dated 25th July, 2017 Subject: Clarifications on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian… Read More

CBDT amends NOT No. S.O.1621(E), dt. 18th May, 2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th July, 2017 (Income-tax) S.O. 2320 (E).—In exercise of the powers conferred under sub-section (2) of section 28 read with section 59 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988) the Central Government hereby makes the… Read More

Income Tax Department celebrates Aaykar Diwas 2017

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 24th July, 2017. PRESS RELEASE Income Tax Department celebrates Aaykar Diwas 2017 The Aaykar Diwas – Income Tax Day was celebrated today across India. The main function at Vigyan Bhavan, New Delhi was graced by the Honourable Finance Minister… Read More

CBDT notifies State Pollution Control Board, Odisha

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th July, 2017 S.O. 2276(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the State Pollution Control… Read More

Government notifies Assam State Biodiversity

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th July, 2017 S.O. 2280(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, the Assam State Biodiversity… Read More

CBDt notifies Noida Special Economic Zone Authority, Noida

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th July, 2017 S.O. 2281(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Noida Special Economic… Read More

Central Government constitutes Haryana Electricity Regulatory Commission

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th July, 2017 S.O. 2277(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Haryana Electricity Regulatory Commission’,… Read More

Exchange Rate of Foreign Currency relating to Imported and Export Goods Notified

Exchange Rate of Foreign Currency relating to Imported and Export Goods Notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs(CBEC) No.70/2017-CUSTOMS (N.T.), dated 6th July, 2017, except as respects things done or… Read More

CBDT rescinds 3 Income Tax notifications

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 19th July, 2017 (INCOME TAX) S.O. 2259(E).—In exercise of the powers conferred under section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes being satisfied that it is necessary in the Public interest to… Read More

CBDT amends Form for Eligible International transaction under Income-tax Rules

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th July, 2017 INCOME-TAX G.S.R. 891(E).—In exercise of the powers conferred by section 295 read with sub-section (2) of section 92CB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules… Read More

CBEC rescinds certain Central Excise notifications

Central Government, on being satisfied that it is necessary in the public interest , hereby rescinds the notifications of the Government of India in the Ministry of Finance which are as follows Notification No. 56/2002- Central Excise, dated 14-11-2002; Notification No. 57/2002- Central Excise, dated 14-11-2002; Notification No.49/2003- Central Excise, dated 10-6-2003; Notification No. 50/2003- Central Excise, dated 10-6-2003; Notification… Read More