Taxation - Corporate Law Reporter

CBDT notifies Income Tax Return Forms for Assessment Year 2018-19

The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18, a one page simplified ITR Form-1(Sahaj) was notified. This initiative benefited around 3 crore taxpayers, who have filed their return in this simplified Form. For Assessment Year 2018-19 also, a one page… Read More

CBIC notifies Exchange Rate of Foreign Currency effective from 6th April 2017

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No.31/2018 - Customs (N.T.) New Delhi, dated the 5th April, 2018 15 Chaitra 1940 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the… Read More

Provisional Direct Tax Collections and Number of Income Tax Returns filed for F.Y. 2017-2018

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 2nd April, 2018 PRESS RELEASE(No.5) Provisional Direct Tax Collections and Number of Income Tax Returns filed for F.Y. 2017-2018 The provisional figures of Direct Tax collections for FY 2017-18 show that net collections are at Rs.9.95 lakh crore which… Read More

IAPA regime moves forward with the signing of 16 APAs by CBDT in March, 2018

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 3rd April, 2018. PRESS RELEASE Indian Advance Pricing Agreement regime moves forward with the signing of 16 APAs by CBDT in March, 2018 The Central Board of Direct Taxes (CBDT) has entered into 14 Unilateral Advance Pricing Agreements (UAPA)… Read More

CBDT extends linking of PAN with Aadhaar till 30th June, 2018

F. No.225/270/2017/IT A.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, dated the 27th of March, 2018 Order under Section 119 of the Income-tax Act. 1961 Order under Section 119 of the Income-tax Act. 1961 Vide its orders dated 31.07.17, 31.08.17 & 08.12.17, in… Read More

GST and Customs offices to remain open on 29.03.2018, 30.03.2018, 31.03.18

F.No. 401/118/2016-Cus.III (Pt.) Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Customs) **** North Block, New Delhi 27th March, 2018 To, All Chief Commissioner of Customs, All Chief Commissioner of Customs (Preventive), All Chief Commissioner of Customs, Central Taxes and GST, All Directorates under CBEC Subject: Working days on 29.03.2018,… Read More

CBDT extends date for linking of Aadhaar with PAN

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 27th March, 2018 PRESS RELEASE CBDT extends date for linking of Aadhaar with PAN CBDT had allowed time till 31st March, 2018 to link PAN with Aadhaar while filing the Income Tax Returns. Upon consideration of the matter, CBDT,… Read More

IT offices to remain open on 29th, 30th and 31st March, 2018 : CBDT

F. No. 225/270/2017-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 26th March, 2018 Order under Section 119(1) of the Income Tax Act, 1961 The last date for filing belated returns for assessment years 2016-17 and 2017-18 and revised returns for assessment year 2016-17 is 31't March, 2018.… Read More

CBDT issues clarification regarding requirement for furnishing of Country-by Country report

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 23rd March, 2018 PRESS RELEASE CBDT issues clarification regarding requirement for furnishing of Country-by Country report under section 286(4) of IT Act, 1961 In keeping with India’s commitment to implement the recommendations of 2015 Final Report on Action 13, titled… Read More

Govt. imposes anti-dumping duty on imports of ‘Dimethylacetamide’ exported from China PR and Turkey

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) NOTIFICATION No.12/2018-Customs (ADD) New Delhi, the 20th March, 2018 G.S.R…. (E). - Whereas, in the matter of import of ‘Dimethylacetamide’ (hereinafter referred to as the subject goods) falling under the sub-heading… Read More

Govt. amends notification No. 11/2014-Customs (ADD) dt. 11th March, 2014

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 10/ 2018-Customs (ADD) New Delhi, the 20th March, 2018 G.S.R. (E). -Whereas, the designated authority vide notification No. 7/2/2018-DGAD, dated the 26th February 2018, published in Part I, Section… Read More

CBDT amends Income Tax NoT No. 49/2015 dt. 22nd June, 2015 with retrospective effect

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 13th March, 2018 G.S.R. 221(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 amends the notification of the Ministry of Finance (Department of Revenue), number… Read More

Govt. imposes anti-dumping duty on imports of ‘O-Acid’ originating in or exported from China PR

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REx`VENUE) NOTIFICATION No. 6/2018-Customs (ADD) New Delhi, the 12th March, 2018 G.S.R. (E). – Whereas, in the matter of import of ‘O-Acid’ (hereinafter referred to as the subject goods), falling under Chapter… Read More