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...
![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]")
Salary of Non-Resident Seafarer- IT Exemption available to Persons in a ‘Foreign Going Ship’, clarifies CBDT
The Central Board of Direct Taxes (CBDT) recently issued a corrigendum in connection with the circular dated 11.04.2017 whereby it had been that the salary of a non-resident seafarer on account of...
CBDT notifies rules for Taxation of Accreted Income of Trust u/s 115TD of Income Tax Act [Read Notification]
The Central Board of Direct Taxes (CBDT) recently notified rules for taxation of accreted income of Trust under section 115TD of the Income Tax Act, 1961. The new amendment inserts Rule 17CB which...
![CBDT notifies rules for Taxation of Accreted Income of Trust u/s 115TD of Income Tax Act [Read Notification]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan-2.jpg "CBDT notifies rules for Taxation of Accreted Income of Trust u/s 115TD of Income Tax Act [Read Notification]")
Lease Rent from Letting Out Buildings/developed space along with Other Amenities in an Industrial Park/SEZ is Business Income: CBDT [Read Circular]
The Central Board of Direct Taxes (CBDT) clarified that the lease rent received from letting out buildings/developed space along with other amenities in an Industrial Park/SEZ is taxable as Business...
![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]
In a recent ruling, the division bench of the Delhi ITAT held that approval from the Central Board of Direct Taxes is not required in case of a Trust whose objects includes carrying out of activities...
![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...
