CBDT signs 3 more Advance Pricing Agreements; Total number of APAs reaches 120
The Central Board of Direct Taxes (CBDT) has started the year 2017 by entering into three unilateral Advance Pricing Agreements (APAs) today. The APA...
![CBDT issues Clarifications on the Direct Tax Dispute Resolution Scheme, 2016 [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/09/Assessing-officer-Tax-Scan.jpg "CBDT issues Clarifications on the Direct Tax Dispute Resolution Scheme, 2016 [Read Circular]")
![CBDT issues Circular Clarifying provisions relating to Indirect Transfers [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan.jpg "CBDT issues Circular Clarifying provisions relating to Indirect Transfers [Read Circular]")
Income Tax Dept. warns assesses against revising I-T return forms & making ‘drastic changes’ in income Post Demonetisation
Manipulation of income, profit, books of accounts may invite scrutiny and lead to penalty and prosecution, says CBDT. In a statement issued today, the Central Board of Direct Taxes (CBDT)...
Increase in Turnover due to use of Digital Mode of Payment Post Demonetisation is not a ground for Re-Assessment: CBDT [Read Circular]
The Central board of Direct Taxes (CBDT) recently directed its officials to avid re-opening of past assessment merely invoking the increase in turnover due to use of digital mode of payment post...
CBDT notifies Rules for Furnishing of Statement of Income distributed by Securitisation Trust [Read Notification]
The Central Board of Direct Taxes, on Wednesday issued notification regarding inserting new rules for furnishing of statement of income distributed by securitisation trust along with appropriate...
IBA directs Banks to accept banned Currency Notes for IDS payments till 2017 without asking source
The Indian Banks Association recently directed the banks to accept Rs. 500 and Rs. 1000 notes for the payment of tax, penalty and interest payments in connection with the IDS scheme. The last date for...
Premium paid by the Firm on the Keyman Insurance Policy of a Partner is allowable as Business Expenditure: CBDT [Read Circular]
In a recent circular, the Central Board of Direct Taxes (CBDT) clarified that the premium paid by the firm on the keyman insurance policy of a partner is an admissible expenditure under section 37 of...
![Premium paid by the Firm on the Keyman Insurance Policy of a Partner is allowable as Business Expenditure: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan-1.jpg "Premium paid by the Firm on the Keyman Insurance Policy of a Partner is allowable as Business Expenditure: CBDT [Read Circular]")