CBDT signs Two Unilateral APAs with Indian Taxpayers, Strengthening the Govt’s Commitment to Foster a Non-Adversarial Tax Regime
The total number of APAs entered into by the CBDT has reached 154, which includes 11 bilateral APAs and 143 unilateral APAs. The Central Board of...
![Lease Rent from Letting Out Buildings/developed space along with Other Amenities in an Industrial Park/SEZ is Business Income: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/08/Rent-out-Business-Taxscan.jpg "Lease Rent from Letting Out Buildings/developed space along with Other Amenities in an Industrial Park/SEZ is Business Income: CBDT [Read Circular]")
![Approval from CBDT is not required if the Assessee-Trust has not Carried out Any Activity Outside India: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Approval from CBDT is not required if the Assessee-Trust has not Carried out Any Activity Outside India: ITAT Delhi [Read Order]")
CBDT removes Cyprus from list of Notified Jurisdictional Area with Retrospective effect from Nov 2013 [Read Circular]
In a big relief to investors and Indian companies, the Central Board of Direct Taxes (CBDT) yesterday clarified that, it has removed Cyprus from the list of 'notified jurisdictional area' with...
Operation Clean Money: Over 60,000 persons including 1300 high risk persons, identifies for Tax probe, says CBDT
Extensive enforcement action by the Income Tax Department (ITD) has led to seizures worth over Rs 818 crore and detection of undisclosed income of over Rs 9,334 crore. Impact of action visible in...
Salary of a Non-Resident Seafarer is Exempted from Income Tax even if it is credited to NRE Account: CBDT [Read Circular]
The Central Board of Direct Taxes (CBDT) recently issued a circular clarifying that the salary of a non-resident seafarer on account of services rendered outside India in a foreign ship is not taxable...
Block all Accounts that do not provide Self Certification by April 30 for FATCA: CBDT to Financial Institutions
The Inter-Governmental Agreement (IGA) with USA for implementation of FATCA entered into force on 31st August 2015. Under the alternative procedure provided in Rule 114H(8) of the Income-tax Rules,...
