TDS on Interest Income Accrued to a Minor after Parent’s Death, shall be Deducted from Minor, not from Grand-Parents: CBDT
The Central Board of Direct Taxes (CBDT) recently clarified that, on death of both parents, the TDS on the interest income accrued to a minor shall be...
![CBDT issues Revised List of Entities Exempted from TDS [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/09/Tax-dedution-at-source-TDS-Tax-Scan.jpg "CBDT issues Revised List of Entities Exempted from TDS [Read Circular]")
CBDT releases Draft of Income Computation and Disclosure Standard on Real Estate Transactions [Read the Draft]
CBDT invites comments from stakeholders on Draft Income Computation and Disclosure Standards on Real Estate Transactions by 26th May, 2017. The Central Board of Direct Taxes (CBDT) today released...
![CBDT releases Draft of Income Computation and Disclosure Standard on Real Estate Transactions [Read the Draft]](https://www.taxscan.in/wp-content/uploads/2017/01/Property-Tax-Taxscan.jpg "CBDT releases Draft of Income Computation and Disclosure Standard on Real Estate Transactions [Read the Draft]")
Penalty on CAs for Filing Wrong Information: Plea in Madras HC Challenging Vires of Sec 271J of Income Tax Act [Read Petition]
Madras High Court sought response from Finance Ministry and Central Board of Direct Taxes (CBDT). A petition has been filed in the Madras High Court challenging the newly inserted section 271J of...
![Penalty on CAs for Filing Wrong Information: Plea in Madras HC Challenging Vires of Sec 271J of Income Tax Act [Read Petition]](https://www.taxscan.in/wp-content/uploads/2017/02/CA-Taxscan.jpg "Penalty on CAs for Filing Wrong Information: Plea in Madras HC Challenging Vires of Sec 271J of Income Tax Act [Read Petition]")
CBDT releases Draft Rules for Valuation of Unquoted Equity Shares: Invites Comments from Stake Holders
The Central Board of Direct Taxes (CBDT) recently released draft rules for valuation of unquoted equity shares for the purposes of section 56 and section 50CA of the Income-tax Act, 1961. The Finance...
CBDT releases New Rules for Sec 115BA(4) & Form 10-IB for Startups to Opt for Lower Tax Rate [Read Notification]
The Central Board of Direct Taxes (CBDT) recently released Form 10-IB for Start Ups enabling them to opt for lower tax rate. Finance Minister Arun Jaitley, during his budget speech, had extended...
![CBDT releases New Rules for Sec 115BA(4) & Form 10-IB for Startups to Opt for Lower Tax Rate [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/04/Startups-Taxscan.jpg "CBDT releases New Rules for Sec 115BA(4) & Form 10-IB for Startups to Opt for Lower Tax Rate [Read Notification]")