CBDT transferred 240 Principal Commissioners of Income Tax
Posted Date : 16-Jun-2015 , 08:59:38 am | Posted By CASANSAAR
CBDT transferred 240 Principal Commissioners of Income Tax.
In a major reshuffle of senior Indian Revenue Service (IRS) officers across the country, the Central Board of Direct Taxes (CBDT) on Monday transferred 240 Principal Commissioners of Income Tax (PCIT).
The transfer comes in the ba...
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CBDT |
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CBDT Clarifies Regarding Prosecution of Tax Evaders
Posted Date : 09-Jun-2015 , 07:46:02 am | Posted By CASANSAAR
CBDT Clarifies Regarding Prosecution of Tax Evaders;
Effective and Stringent Action only in known and big cases of Tax Evasion to Demonstrate to the Large Number of Compliant Tax Payers that the Tax Laws are just and Fair and to Encourage Voluntary Tax Compliance
It has been ...
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CBDT |
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CBDT to field officials: Check bank, property details during assessment
Posted Date : 08-Jun-2015 , 08:31:34 am | Posted By CASANSAAR
Facing outstanding tax demand of Rs 8.27 lakh crore in FY16, the central board of direct taxes (CBDT) has asked its field officials to obtain details of bank accounts, debtors, and property during assessment itself to prevent any tax demand from becoming uncollectible due to inadequacy of asset...
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CBDT |
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More than 3 lakh cases are pending & Rs 5,82,000 crore tax amount locked in litigations
Posted Date : 31-May-2015 , 01:59:22 pm | Posted By CASANSAAR
More than 3 lakh cases are pending & Rs 5,82,000 crore tax amount locked in litigations.
Tax disputes are one of the most taxing issues before courts today. More than 3 lakh cases are pending before various judicial authorities with Rs 5,82,000 crore tax amount locked in litigations.&nbs...
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CBDT |
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Retrospective tax loses sting; CBDT panel receives no fresh case
Posted Date : 14-Apr-2015 , 08:51:36 am | Posted By CASANSAAR
The controversial retrospective amendment to tax indirect transfers of Indian assets seems to have lost its sting with the high-level panel set up to scrutinise new cases not getting even a single reference since it was created in August last year.
"No case has been referred to the pan...
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CBDT |
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Rollover of mutual funds beyond 36 months not capital gains: CBDT
Posted Date : 13-Apr-2015 , 08:50:34 am | Posted By CASANSAAR
In a major relief to investors, the rollover of mutual fund fixed maturity plans (FMPs) beyond 36 months will not attract capital gains. A tax of 20 per cent will be charged at the time of redemption of plans. The Central Board of Direct Taxes (CBDT) has issued the clarification with regards to taxa...
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CBDT |
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CBDT raises the bar on Income Computation for tax purposes
Posted Date : 02-Apr-2015 , 06:54:37 pm | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has ushered in a new framework for computation of taxable income for businesses.
For this purpose, CBDT has now notified 10 income computation and disclosure standards (ICDS) that will go long way in minimising tax related disputes.
These 10 ICDS &m...
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CBDT |
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CBDT extends due date for applying roll back facility under Advance Pricing Agreement
Posted Date : 01-Apr-2015 , 08:12:55 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) has given more time to taxpayers to apply for ‘roll back’ facility under the advance pricing agreements (APA).
Applications for roll back facility could now be made up to June 30 this year, the CBDT said in a statement here.
The CBDT had...
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CBDT |
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New tax residence norms may not cover foreign firms
Posted Date : 20-Mar-2015 , 08:29:56 am | Posted By CASANSAAR
The Central Board of Direct Taxes (CBDT) will issue detailed guidelines to ensure that non-resident companies holding a board meeting or two in India do not get any tax demands on their global income on account of New Delhi’s newwider definition of ...
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