Taxation - Corporate Law Reporter

Guidance note (Revised 2016) on report under section 92E of the Income-tax act, 1961

GUIDANCE NOTE ON REPORT UNDER SECTION 92E OF THE INCOME-TAX ACT, 1961 (TRANSFER PRICING) [Based on the law as amended by the Finance Act, 2016] (Revised 2016) Committee on International Taxation The Institute of Chartered Accountants of India (Set up by an Act of Parliament) New Delhi Guidance note (Revised 2016) on report under section 92E… Read More

Benefits of Goods and Services Tax (GST)

Goods and Service Tax (GST) is a single tax on the supply of goods and services, right from the manufacturer to the consumer. GST is one indirect tax for the whole nation, which will make India one unified common market. GST is beneficial not only for the business and industry, but also for the government and… Read More

Income-tax (29th Amendment) Rules, 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 7th November, 2016 INCOME-TAX S.O. 3399(E).-In exercise of the powers conferred by section 32, section 115BA and section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules further to… Read More

Chapter VI-A deduction on enhanced profits

The Central Board of Direct Taxes has issue a notification F.No.279/Misc./140/2015/ITJ dated 2nd November, 2016. Click here to download Chapter VI-A deduction on enhanced profits Read More

CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes 25th October, 2016 Press Release Sub: CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building. The Honourable Finance Minister Shri Arun Jaitley, had personally handed over certificates to a few individuals at North… Read More

Prohibition of Benami Property Transactions Act, 1988

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 28th October, 2016. Press Release Subject: Prohibition of Benami Property Transactions Act, 1988 –reg. Benami Property Transactions Act, 1988 has been amended by the Benami Transactions (Prohibition) Amendment Act, 2016 (BTP Amendment Act). The rules and all the provisions… Read More

Amendment of Income tax Rules – Prescribing manner of determination of amount received by the company in respect of share – section 115QA

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th October, 2016 INCOME-TAX G.S.R. 982(E).—In exercise of the powers conferred by section 115QA read with 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… Read More

Order under Section 119 of the Income-tax Act, 1961

Central Board of Direct Taxes releases order F.No. 225/195/2016 dated 18th of October, 2016 regarding order under section 119 of the Income-tax Act, 1961 Please click on the below link to download the order: Order under Section 119 of the Income-tax Act, 1961 Read More

Income-tax (27th Amendment) Rules, 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 7th October, 2016 (Income-tax) S.O. 3179(E).—In exercise of the powers conferred by clause (b) of section 13B, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules… Read More

Income–tax ( 26th Amendment) Rules, 2016

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 6th October 2016 S.O. 3160(E).—In exercise of the powers conferred by section 139A and section 285BA, read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further… Read More

Income–tax (25th Amendment) Rules, 2016

MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 05th October, 2016 S.O. 3150 (E).— In exercise of the powers conferred by section 295 read with sub-section (2) of section 270AA of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following… Read More

Income-tax (24th Amendment) Rules, 2016

The MINISTRY OF FINANCE (Department Of Revenue) Central Board of Direct Taxes issues a notification dated 04th October, 2016, please click on the below link to download the rules Income-tax (24th Amendment) Rules, 2016 Read More

Income-Tax (23rd Amendment) Rules, 2016 – Amendment in Form No.3CD

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 29th September, 2016 INCOME-TAX S.O. 3080(E).— In exercise of the powers conferred by section 44AB, read with section 295 of the Income-tax Act,… Read More