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CBDT notifies ‘1125’ as Cost Inflation Index for Financial Year 2016-17

Taxscan Team

The Central Board of Direct Taxes (CBDT) vide Notification No. 42/2016 dated 2 June 2016 has notified the Cost Inflation Index (CII) as 1125 for...

Ensure Indian firms not subjected to double taxation; ASSOCHAM to CBDT

CBDT - additional depreciation - taxscan

Publishing Houses eligible to claim additional depreciation; CBDT [Read Circular]

Committee for examining applications made under Rule 10VA notified

Tax Administration - Dr Parthasarathi Shome - taxscan

Tax Administration Reform Commission (TARC) submits recommendations to Govt. in four reports

CBDT releases new ITR form to declare Assets & Liabilities

Central Board of Direct Taxes (CBDT) has released new income-tax return forms with mandatory provisions of declaring Assets & Liabilities (A&L) such as cars, jewelry yacht, aircraft, shares,...

CBDT- Income Tax Act - Section 269SU - Taxscan

CBDT introduces new form to Claim Tax rebate on LTA, HRA

The Income Tax department has released a new standard Form 12BB for salaried taxpayers to claim tax deduction on leave travel allowance concession (LTALTC), house rent allowance (HRA) and interest...

CBDT Committee recommends Levy of Tax on Digital Services

A Committee constituted by the Central Board of Direct Taxes (CBDT) has recommended for the levy of tax on most digital services. The Committee constituted to examine taxation of E-Commerce, has...

Payments made to Expatriate Employees from Overseas can be deducted from the Business Income of the Assessee though TDS is not deposited within time: Delhi High Court

The Delhi High Court on today delivered a judgment, held that Payments in the nature of salary, allowance, perquisites etc., made to the expatriate employees from the head office of the Company...