Taxation - Corporate Law Reporter

CBEC vide Notification no.13/2017-Central Excise(N.T) vests powers upon Central Excise and Service Tax officers

Central Board of Excise and Customs exercises the powers conferred by Central Excise Rules, 2002 and vests the jurisdiction upon the Central Excise officers vide Notification no. 13/2017- Central Excise (N.T), dated the 9th June 2017 . This Notification issued by the Central Board of Excise and Customs on 9th June 2017 gets notified in the official Gazette… Read More

CBEC vide Notification no.12/2017-Central Excise(N.T) appoints Central Excise and Service Tax officers

Central Board of Excise and Customs appoints Central Excise officers vide Notification No. 12/2017-Central Excise(N.T) and vests them with all powers under the Central Excise Act, 1944 and rules made there under and Chapter V of the Finance Act, 1994. This Notification issued by the Central Board of Excise and Customs on 9th June 2017 gets… Read More

CBDT invites suggestions on Draft Notification in respect of foreign company to be resident of India u/s 115JH of IT Act

Press Information Bureau Government of India Ministry of Finance 15-June, 2017 17:01 IST CBDT invites comments and suggestions on the Draft Notification in respect of foreign company said to be resident in India under Section 115JH of the Income-tax Act, 1961 Finance Act, 2016, inter alia, introduced special provisions in respect of foreign… Read More

CBDT directs Taxpayers to link Aadhar with PAN post SC Judgement

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE New Delhi,10th June, 2017 SUPREME COURT JUDGEMENT ON AADHAR-PAN LINKAGE 1. Honourable Supreme Court in its landmark judgement has upheld Section 139AA of the Income Tax Act as constitutionally valid which required quoting of the Aadhaar number in… Read More

CBDT amends IT Rules for payment of TDS on rent under section 194IB

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 8th June, 2017 INCOME-TAX G.S.R. 561(E).—In exercise of the powers conferred by section 295 read with section 194-IB of the Income tax Act, 1961, the Central Board of Direct Taxes, hereby, makes the following rules further to amend the Income-tax… Read More

CBDT notifies transfer pricing limit to compute ALP’s for 2 successive AY

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 9th June, 2017 [Income-tax] S.O. 1866(E).—In exercise of the powers conferred by the third proviso to sub-section (2) of section 92C of the Income-tax Act, 1961 (43 of 1961)(hereinafter referred to as the ‘Act’), read with proviso to sub-rule (7) of rule 10CA of the… Read More

CBDT amends Safe Harbour Rules for International Transactions

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 7th June, 2017 INCOME-TAX G.S.R. 557(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… Read More

CBDT notifies Cost Inflation Indexes with Base Year as 2001-02

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th June, 2017 INCOME-TAX S.O. 1790(E).—In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the Cost Inflation Index as mentioned in… Read More

CBDT notifies changes in Rules on refund of TDS

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th June, 2017 G.S.R. 554(E).—In exercise of powers conferred by section 295 of the Income Tax Act, 1961 (43 of 1961) (hereinafter referred to as the ‘Act’), the Central Board of Direct Taxes hereby makes the following rules further to… Read More

CBDT notification on STT chargeable on Acquisition of shares:

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th June, 2017 INCOME-TAX S.O. 1789(E).—In exercise of the powers conferred by third proviso to the clause (38) of section 10 of the Income-tax Act, 1961 (43 of 1961) hereinafter referred to as the Income-tax Act, the Central Government hereby… Read More

Central Board of Direct Taxes notification on amendment of IT Rules,1962

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 2nd June, 2017 INCOME-TAX G.S.R. 546(E).—In exercise of the powers conferred by section 295 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,… Read More

CBDT extends the date of furnishing of SFT till 30 June 2017

F.No.279/Misc./M-63/2017-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 31st May 2017 Order Under Section 119 of the Income-tax Act, 1961 The last date for furnishing the statement of financial transactions under Rule 114E (5) of the Income Tax Rules, 1962, (the Rules) read with sub-section (1)… Read More

Notification on procedure for acceptance of SFT:CBDT

DFIT(S)-ADG(S)-2/e-filingnotification/106/2016 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification No. 7 of 2017 New Delhi, 30th May 2017 Procedure for Acceptance of Statement of Financial Transaction from Sub-Registrar Office and Post Offices (SFT) as per section 285BA of Income-Tax Acts, 1961 read with Rule 114E… Read More