CBDT
Tax dept, Japanese company sign advance pricing pact
The APA scheme was introduced in the Income-tax Act in 2012 and the 'Rollback' provisions were introduced in 2014.
Tax dept signs three APAs with taxpayers
The three APAs signed today pertain to engineering goods and shipping sectors of the economy.
CBDT extends deadline for tax settlement scheme
The scheme provides for waiving interest and penalties if the principal amount involved in retrospective tax cases is paid.
Report cash receipt over Rs 2 lakh in single transaction
Norms of aggregation contained in sub-rule 3 of Rule 114E have been amended vide CBDT notification dated Oct 6, 2016.
Lakhs of non Income Tax filers identified by CBDT
Non-filers have been identified based on data analytics carried out by the Systems Directorate of CBDT.
Taxpayers to be sensitise of e-initiatives
These initiatives form part of the milestone set by the revenue dept which are to be achieved in 3, 7 and 15 years time.
Inherited gold, jewellery to be exempt from income tax: govt
No tax on ancestral jewellery, purchase from disclosed income.
Rs 2.5 lakh and above deposits require PAN: CBDT
Ruling aims to avoid ill-gotten wealth or black money being converted into white during the 50-day window.
Vacant slots in ministries, depts
Rumours are flying fast and furious about who’ll be the next chief secretary of Telangana.