CBDT issues clarification on incorrect reports in Social Media pertaining to difficulty in filing of Income Tax Returns
The Central Board of Direct Taxes (CBDT) has said today that no changes have been made in any of the Income-tax Return (ITR) forms including ITR-2 and...
![Income Declaration Scheme: Payments made by declarants on 3rd October, 2017 shall also be deemed to have been paid by due date for Third Installment, says CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/07/Income-Declaration-Scheme-2016.jpg "Income Declaration Scheme: Payments made by declarants on 3rd October, 2017 shall also be deemed to have been paid by due date for Third Installment, says CBDT [Read Circular]")
![Can Nuns and Priests to pay Income Tax for Salary from State-funded or Private Institutions? SC to decide [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/07/Nuns-Supreme-Court-Taxscan.jpg "Can Nuns and Priests to pay Income Tax for Salary from State-funded or Private Institutions? SC to decide [Read Order]")
Income of Non-Resident Investor from Off-Shore Investments through AIFs not Taxable in India: CBDT [Read Circular]
The Central Board of Direct Taxes (CBDT) has clarified that the income received by a non- resident investor from off-shore investments routed through the Category I or Category II AIF is not taxable...
![Income of Non-Resident Investor from Off-Shore Investments through AIFs not Taxable in India: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2019/07/Off-Shore-Investments-Taxscan.jpg "Income of Non-Resident Investor from Off-Shore Investments through AIFs not Taxable in India: CBDT [Read Circular]")
Income Tax Exemption for Disabled Personnel of Armed Forces applicable to all Officers and Jawans: CBDT [Read Circular]
The Central Board of Direct Taxes (CBDT) has clarified that the income tax exemption under the Act would be applicable to all officers and jawans of armed forces. The Board has issued a circular...
![Income Tax Exemption for Disabled Personnel of Armed Forces applicable to all Officers and Jawans: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2019/07/Income-Tax-Exemption-Disabled-Personnel-Jawans-Taxscan.jpg "Income Tax Exemption for Disabled Personnel of Armed Forces applicable to all Officers and Jawans: CBDT [Read Circular]")
CBDT Circular granting relief to fresh issue of Shares was applied only once before it’s Withdrawal: FM
The Central Board of Direct Taxes ( CBDT ) had issued Circular 10/2018 dated 31.12.2018 to clarify that provisions of Section 56(2)(viia) of the Income Tax Act, 1961 being anti-abuse provisions shall...
![CBDT Task Force on Direct Tax entrusted with New Functions [Read Office Order]](https://www.taxscan.in/wp-content/uploads/2019/01/Prosecution-Notices-CBDT-Taxscan.jpg "CBDT Task Force on Direct Tax entrusted with New Functions [Read Office Order]")
Income Tax Dept simplifies disclosure of LTCG from Stocks, Equity Mutual Funds Simpler, Updates ITR-5
The Income Tax department has updated the ITR-5 in order to simplify the disclosure of Long-term capital gain from stocks, mutual funds. The Finance Bill 2018 reintroduced tax on LTCG made from listed...
Finance Minister Nirmala Sitharaman chairs 20th Meeting of Financial Stability and Development Council ( FSDC )
The 20th Meeting of the Financial Stability and Development Council ( FSDC ) was held here today under the Chairmanship of the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman....
