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Indian Advance Pricing Agreement regime moves forward with signing of seven APAs by CBDT in October

The Central Board of Direct Taxes (CBDT) has entered into 7 more Advance Pricing Agreements (APAs) during the month of October, 2017. All these...

Final Rules on Transfer Pricing Documentation and CbC Reporting Released [Read Notification]

IBBI seeks Exemption from SEBI & CBDT on some rules for Insolvent Companies

Routine Administrative Work of Regional HQ won’t be considered for PoEM Determination: CBDT [Read...

IT Dept to enable ‘On-line Chat’ Facility to Address Queries of Tax payers

CBDT invites Comments & Suggestions for Amending Rules relating to Registration of Charitable Trusts

The Central Board of Direct Taxes (CBDT) has invited comments and suggestions for amending Rules relating to Registration of Charitable Trusts. Vide Finance Act, 2017, a new clause (ab) was inserted...

CBDT signs two Advance Pricing Agreements in September

The Central Board of Direct Taxes (CBDT) has entered into 2 Unilateral Advance Pricing Agreements (UAPAs) with Indian Taxpayers during September, 2017. With the signing of these 2 Agreements, the...

CBDT releases Guidelines for Framing of Rules in respect of Country-by-Country reporting & Furnishing of Master File

The Central Board of Direct Taxes (CBDT) today prescribed guidelines for framing Rules in respect of Country-by-Country reporting and furnishing of master file. Earlier, Central Government notified...

CBDT Warns IT Officials for Using State Emblem on Official Vehicles

In an urgent missive to all the department officials, the Central Board of Direct Taxes (CBDT) warned that actions will be taken against the officials for using State Emblem of India on their official...

CBDT lays down Guidelines for E-Assessment in Time barred Scrutiny Cases

The Central Board of Direct Taxes (CBDT) on Friday issued directive for conducting e-assessment in time barred cases. As per the directive issued by the Board, the assessment proceedings of the time...

Direct Tax Collections rise 15.7% till Sept 18th, says FM Arun Jaitley

Income Tax Department takes various initiatives to bring about efficiency, transparency, and fairness in Tax Administration; Government is committed to widen the tax base by encouraging and...

CBDT allows Correction in PMGKY 2016 Challan

The Central Board of Direct Taxes (CBDT) on Thursday allowed the declarants under PKGKY 2016 scheme to correct the errors in the challans. Compulsory deposits challan under PMGKD are not under CBDT...

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