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No Limit on Cash Transactions through Banks: CBDT issues Notification [Read Notification]

The Central Board of Direct Taxes (CBDT) today notified that the limit prescribed on cash transactions shall not be applicable to cash withdrawals from Banks, Post Offices etc. Last day, the Board...

No Limit on Cash Transactions through Banks: CBDT issues Notification [Read Notification]
Taxscan Team

All Communications between the Income Tax Dept and the Taxpayer will be Conducted Online, says CBDT [Read Notification]

The Central Board of Direct Taxes (CBDT) today declared that all Income Tax department-related proceedings between the taxpayer and the taxman from the new fiscal will be conducted online. The Board...

All Communications between the Income Tax Dept and the Taxpayer will be Conducted Online, says CBDT [Read Notification]
Taxscan Team

Genuine Equity Deals will not Attract Capital Gain Tax: CBDT invites Suggestions on Draft Notification of STT Chargeability Rules

With a view to curb tax evasion through "sham transactions" in stock market and protect genuine ones, the CBDT today proposed to exempt specified deals from long-term capital gains tax in cases where...

Genuine Equity Deals will not Attract Capital Gain Tax: CBDT invites Suggestions on Draft Notification of STT Chargeability Rules
Taxscan Team

CBDT APA Program crosses the 150 Milestone

The Central Board of Direct Taxes (CBDT) has entered into 9 Advance Pricing Agreements (APAs) during the last two days of the current financial year. All the 9 Agreements entered into are Unilateral...

CBDT APA Program crosses the 150 Milestone
Taxscan Team

PMGKY Scheme: Form 1 can be filed by April 10th, If deposit made deadline [Read Circular]

The Central Board of Direct Taxes (CBDT) today said a declarant under the PMGKY scheme will be allowed to file declaration under the stipulated Form 1 by April 10, if tax and penalty is paid by the...

PMGKY Scheme: Form 1 can be filed by April 10th, If deposit made deadline [Read Circular]
Taxscan Team

CBDT notifies new Income Tax Return Forms for AY 2017-18

The Central Board of Direct Taxes (CBDT) has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2017-18. One of the major reforms made in the notified ITR Forms is the designing of...

CBDT notifies new Income Tax Return Forms for AY 2017-18
Taxscan Team

PMGKY Scheme: Income Tax Offices to remain open till 31 March Midnight

The Central Board of Direct Taxes (CBDT) on Thursday issued an order that all designated offices of the Income Tax department which can accept declarations under the black money window of PMGKY will...

PMGKY Scheme: Income Tax Offices to remain open till 31 March Midnight
Taxscan Team

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