Category Archives: IT Notification

Income tax (Twenty fourth Amendment) Rules 2017

By | November 1, 2017

Income tax (Twenty-fourth Amendment) Rules 2017 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31st, October, 2017 INCOME-TAX S.O. 3497(E).— In exercise of the powers conferred by proviso to sub-section (1) of section 92D and subsection (8) of section 286 read with section 295 of the Income-tax Act,… Read More »

Foreign Tax Credit – Procedure to file Form No 67 Notified by CBDT

By | September 25, 2017

Notification No 9/2017  Dated 19th September 2017 Central Board of Direct Taxes Procedure for filing Statement of Income From Country or specified Territory outside India and Foreign Tax Credit NOTIFICATION NO.9 [DGIT(S)-ADG(S)-3/E-FILING NOTIFICATION/FORM 67/2017 , DATED 19-9-2017 ] Foreign Tax Credit. — An assessee, being a resident shall be allowed a credit for the amount of… Read More »

Notification No 8/2017 : Capital Gain FDR – TDS certificate by Banks to legal heir

By | September 14, 2017

Banks to issue TDS certificate in name of legal heir after death of deposit holder of Capital Gain Account: CBDT SECTION 194A OF THE INCOME-TAX ACT, 1961, READ WITH RULES 31A AND 37BA, OF THE INCOME-TAX RULES, 1962 – DEDUCTION OF TAX AT SOURCE – INTEREST OTHER THAN INTEREST ON SECURITIES – TDS ON INTEREST… Read More »

New Form 29B Notified for MAT audit by CBDT : Download

By | August 21, 2017

MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 18th August, 2017 INCOME-TAX G.S.R. 1028(E).—In exercise of the powers conferred by sub-section (4) of section 115JB read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules… Read More »

121 Countries Eligible for Investment Funds u/s 9A of Income Tax : CBDT Notification No 78/2017 Dated 3rd August, 2017

By | August 5, 2017

[ Notification No 78/2017 /F. No. 142/15/2015-TPL MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 3rd August, 2017 (INCOME-TAX) S.O. 2456(E).—In exercise of the powers conferred by clause (b) of sub-section (3) of section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies… Read More »

Final Rules for Valuation of unquoted Equity shares released by CBDT : Notification No. 61 /2017 Dated 12th July 2017

By | July 13, 2017

Notification No. 61 /2017 Dated 12th July, 2017 Method for Fair market value of unquoted equity share prescribed vide Notification No. 61 /2017 Dated 12th July, 2017 MINISTRY OF FINANCE (Department of Revenue) [CENTRAL BOARD OF DIRECT TAXES] NOTIFICATION New Delhi, the 12th July, 2017 INCOME-TAX G.S.R. 865(E).—In exercise of the powers conferred by section 50CA and sub-section… Read More »

Disclose Property Advance > Rs 20000 in Tax Audit Form 3CD w.e.f 19.07.2017 Via Notification No. 58/2017 Dated 3rd July, 2017

By | July 7, 2017

Notification No. 58/2017 [ Income Tax ] Dated 3rd July, 2017 Summary : CBDT i.e  Rule making body of Income tax Department of India has amended the Tax Audit Report Format w.e.f 19.07.2017 vide Notification No. 58/2017 Dated 3rd July, 2017 . This Notification requires to make additional disclosure in Tax Audit Report i.e Form No 3CD in… Read More »

Procedure for Informing Aadhaar Number to Income Tax Department – Notification No 7/2017 Dated 29th June 2017

By | July 7, 2017

Procedure for Informing Aadhaar Number to Income Tax Department vide Notification No 7/2017 Dated 29th June 2017 issued by CBDT i) Procedure for Informing Aadhaar Number to Income Tax Department has been specified ii) Procedure for Quoting Aadhaar number in PAN Application form  49A has been specified Download Notification No 7/2017 Dated 29th June 2017 Related… Read More »

CORRIGENDUM to Notification No 58/2017 dated the 3rd July 2017,

By | July 6, 2017

Notification No 58/2017 dated the 3rd July 2017, Amended Vide Notification No. 60/2017 / F. No. 370142/10/2017–TPL Dated 6th July, 2017 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDUM New Delhi, the 6th July, 2017 INCOME-TAX G.S.R. 841(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central… Read More »

Receipt of interest on securities without TDS by Foreign Company -Notification No. 59/2017 Dated 4th July, 2017

By | July 6, 2017

Notification No. 59/2017 Dated 4th July, 2017 Summary : Following Notification made amendment in Rule 29B of Income Tax Rules i.e Application for certificate authorising receipt of interest and other sums without deduction of tax. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 4th July, 2017 INCOME-TAX G.S.R. 826(E).—In… Read More »

List of Persons who can receive Cash Payment of Rs 2 Lakh or more – 269ST : CBDT Notification No. 57 /2017/F. No. 370142/10/2017-TPL 3rd July, 2017

By | July 4, 2017

Notification No. 57 /2017 /F. No. 370142/10/2017-TPL Dated 3rd July, 2017 Summary : CBDT Notify person on whom provisions of Section 269 ST of Income Tax does not apply Vide Notification No. 57 /2017/F. No. 370142/10/2017-TPL Dated 3rd July, 2017 given below  . MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 3rd July, 2017 S.O.… Read More »

3CED Form revised by CBDT for APA – Notification -Download

By | June 19, 2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 16th June, 2017 INCOME-TAX S.O. 1927(E).—In exercise of the powers conferred by section 295 read with sub-section (9) of section 92CC of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules… Read More »

Computation of interest income on secondary adjustments : CBDT Notification

By | June 16, 2017

Rule 10CB of Income Tax Rules relating to Computation of interest income pursuant to secondary adjustments.Notified by CBDT  – [ Notification No. 52/2017, F.No.370142/12/2017 -TPL ] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 15th June, 2017 G.S.R. 590(E).— In exercise of the powers conferred by sub-section (2) to… Read More »

Foreign company resident in India u/s 115JH : Draft Notifcation

By | June 15, 2017

F No 370142/19/2017-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, Dated 15th June, 2017 Subject: Draft Notification of exception, modification and adaptation in respect of foreign company said to be resident in India under Section 115JH of the Income-tax Act, 1961– comments and suggestions-reg. Finance Act, 2016, inter… Read More »

E Proceedings- CBDT notifies rules for electronic communication with taxpayers

By | April 5, 2017

CBDT notifies rules for electronic communication with taxpayers DGIT/(s)/DIT(s)-3/AST/Paperless Assessement Proceedings/96/2015-16 Dated 03rd April 2017 Subject : Procedure , formats and Standards for ensuring secured Transmission of electronic Communication – Introduction of E – Proceeding for Communication between the Income tax Departemnt and Assessee Download Complete PDF