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CBDT cannot Amend the Provisions of Law through Its Circular: Supreme Court [Read Order]

Taxscan Team

The Supreme Court of India recently ruled that the Central Board of Direct Taxes (CBDT) has no power to amend the provisions of the law through...

Indian Advance Pricing Agreement regime moves forward with signing of four Advance Pricing...

IT Dept to tackle People receiving 5 lakh and above as Interest Income from Fixed Deposits

CBDT Notifies List of 121 Countries for Eligible Investment Funds under Sec 9A of the Income Tax Act...

Kerala HC allows Filing of Income Tax Returns without Quoting Aadhaar [Read Order]

CBDT directs Taxman to keep It’s Offices Open till Midnight on 5th Aug [Read Order]

The taxman will undertake a midnight vigil on August 5th as the Central Board of Direct Taxes (CBDT), the apex policy-making body, has directed the Income Tax department to keep its country wide...

CBDT hikes Deposit to 20% to get Stay on IT demand [Read Office Memorandum]

The Central Board of Direct Taxes (CBDT) recently hiked the deposit to 20% from the current 15% to get stay of recovery of demand till the disposal of first appeal. In its recent office memorandum,...

CBDT enters into nine Unilateral Advance Pricing Agreements with Indian Taxpayers

The Central Board of Direct Taxes (CBDT) entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in the month of July, 2017. Some of the UAPAs signed had rollback...

PAN-Aadhaar Linkage can be done till Aug 31, Not Mandatory for Filing Return Now, says Govt [Read Order]

In an order issued today, the Central Board of Direct Taxes (CBDT) has clarified that, PAN-Aadhaar linkage can be done till August 31st, 2017 and it’s not mandatory for Filing Income Tax Return this...

CBDT invites Nominations for ‘Chairman’s Certificate of Appreciation’

The Central Board of Direct Taxes (CBDT) invited nominations for the “Chairman’s Certificate of Appreciation” which will be distributed on the occasion of the Independence Day. The last day for...

CBDT to Share Details of IT Returns and Tax Audit Reports with MCA [Read Notification]

The Central Board of Direct Taxes (CBDT) has issued a Notification allowing the Income Tax Department to furnish the details of income tax returns and Tax Audit reports with the Ministry of Corporate...

Income Tax Returns Revised after Demonetisation under Scanner

The Central Board of Direct Taxes (CBDT) yesterday directed the Income Tax department to scrutinize 30,000 cases of alleged tax evasion wherein the income returns or ITRs were revised by assessees...

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