![Property Advance above Rs. 20,000 must be disclosed in the Audit Report: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/05/Deduction-Residential-Property.jpg "Property Advance above Rs. 20,000 must be disclosed in the Audit Report: CBDT [Read Notification]")
Property Advance above Rs. 20,000 must be disclosed in the Audit Report: CBDT [Read Notification]
The Central Board of Direct Taxes (CBDT) recently notified that property advance of Rs. 20,000 should be disclosed in the audit report under section...
![Aadhaar Mandatory for PAN application Form from July 1 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/03/Aadhaar.jpg "Aadhaar Mandatory for PAN application Form from July 1 [Read Notification]")
CBDT notifies Revised Form 3CE for APA seeking Taxpayer Identification Number of AE [Read Notification]
The Central Board of Direct Taxes (CBDT) recently notified the revised Form 3CE for Advance Pricing Agreements (APAs) wherein furnishing of Taxpayer Identification Number of Associate Enterprise (AE)...
![CBDT notifies Revised Form 3CE for APA seeking Taxpayer Identification Number of AE [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan-2.jpg "CBDT notifies Revised Form 3CE for APA seeking Taxpayer Identification Number of AE [Read Notification]")
Rule regarding Secondary Adjustments: Time limit of 90 days begin only When Primary Adjustment attains Finality, says CBDT
Recently, Finance Act, 2017 inserted a new section 92CE, which permits secondary adjustments in situations enumerated there under, with effect from April 1, 2018. In connection with this, the Central...
CBDT releases Draft Notification on Foreign Company said to be resident in India under Section 115JH: Invites Suggestions
The Central Board of Direct Taxes (CBDT) today released draft notification on Foreign Company said to be resident in India under Section 115JH of the Income Tax Act, 1961. Finance Act, 2016, inter...
Amendment to IT Act enabling Adjustment of Seized Assets against Advance Tax do not have Retrospective Effect: CBDT
The Central Board of Direct Taxes (CBDT) recently clarified that the amendment to Explanation 2 of the Income Tax Act, 1961 enabling adjustment of Seized Assets against advance tax has prospective...
![Trade Advances cannot be treated as ‘Deemed Dividend’, says CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Trade Advances cannot be treated as ‘Deemed Dividend’, says CBDT [Read Circular]")