GOOD GOVERNANCE DAY - INSTRUCTIONS ON OBSERVANCE OF WEDNESDAYS AS A PUBLIC HEARING DAY FOR HEARING PUBLIC GRIEVANCES OFFICE MEMORANDUM [F.NO.DIR.(HQRS.)/CH.(DT)/29/2013],DATED 6-1-2015 As a part of Prime Minister's 'Good Governance Day' promise to provide an "open and accountable administration" it has been decided that all field offices of the Income Tax Department will observe 'Public Meeting Day' during 10.00 AM to 1.00 PM every Wednesday to listen to and try to resolve the grievances o...

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SECTION 143 OF THE INCOME-TAX ACT, 1961 - ASSESSMENT - GENERAL - REQUEST FOR EXCHANGE OF INFORMATION FROM FIELD OFFICES OF TIME BARRING ASSESSMENT CASES LETTER (F.NO.500/56/2014-FT&TR-IV],DATED 6-1-2015 The undersigned is directed to state that large number of requests for Exchange of Information (EOI) in time barring assessments/matters are received in FT&TR Division just before the time barring date. It becomes difficult to process and forward such requests after due scrutiny to ...

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Standard operating procedures (SOP) for administering TDS incorporating the re-engineered processes developed by the CPC-TDS. 1. TDS is a non-obtrusive but powerful instrument to prevent tax evasion as well as to expand thetax net. TDS also minimizes tax avoidance by the taxpayer (income earners), as the payee’stransaction(s) are reported to the Department by the third person. The contribution of TDS to theoverall gross direct taxes collections during F.Y.2013-14 was Rs.2,71,069 crore. Th...

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IT/ILT : Section 144C of the Income-tax Act, 1961 - Dispute Resolution Panel (DRP) - Reference to – Reconstitution of DRPs at Delhi, Mumbai & Bengaluru –CBDT specifies class of assessees for Dispute Resolution Panels at Delhi, Mumbai and Bengaluru...

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In the light of various references received from the field formation from timeto time, existing guidelines on compounding of offences under Income-tax Act,1961 (the Act) have been reviewed and in supersession of the same, includingthe guidelines issued vide F.No. 285/90/2008-IT(Inv.)/12 dated 16 thMay 2008,the following guidelines are issued for compliance by all concerned....

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Govt. notifies 'Reliance Retirement Fund' as pension fund for purpose of Sec. 80C deduction for the A.Y.2015-16...

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CBDT directs AOs to stop coercing taxpayers for admitting undisclosed income during search/survey proceedings....

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S.O. 3168 (E). – In exercise of the powers conferred by section 295 read with sub-clauses (iiiab) and(iiiac) of clause (23C) of section 10of the Income-tax Act, 1961 (43 of 1961), the Central Board ofDirect Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-...

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CBDT revises jurisdictions of DGITs, DITs of Intelligence and Criminal Investigation wing...

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CIRCULAR NO : 17/2014 F.No. 275/192/2014-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** North Block, New Delhi Dated 10th December, 2014 SUBJECT: INCOME-TAX DEDUCTION FROM SALARIES DURING THEFINANCIAL YEAR 2014-15 UNDER SECTION 192 OF THE INCOMETAX ACT, 1961. Reference is invited to Circular No.08/2013 dated 25.10.2013 whereby the rates ofdeduction of income-tax from the payment of income under the head "Salaries" u...

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CBDT notifies CIT(E) for granting Sec. 10(23C) approval to trusts...

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CBDT notifies CIT(E) for granting Sec. 10(23C) approval to educational institutions/hospitals...

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It has come to the notice of the Board that due to recent devastation caused by the floods inthe State of Jammu & Kashmir, the income-tax assessees of that State are facing difficulties inensuring compliance either with the requirements under ongoing scrutiny assessment proceedingsor with respect to notices u/s 143(2) of the Income Tax Act, 1961 ('Act') issued recently. 2. In such cases, where an assessee under scrutiny claims that he is unable to make certaincompliances due to destructio...

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AST Instruction No.132 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 F. No. AST/Inst. No. 132/Auditable cases-MIS/78/2014-15 Dated: 27.11.2014 To, The Principal Chief Commissioner of Income-tax /CCsIT(By Name) Ahmedabad/ Allahabad/ Amritsar/ Bangalore/ Baroda/ Bhopal/ Bhubaneshwar/ Bareilly/ Chandigarh/ Chennai/ Cochin/ Coimbatore/ Dehradun/ Delhi/ Durgapur/ Guwahati/ Hubli/ Hyderabad/ Indore/ jaipur/ Jalpaiguri/ Jodhpur/ K...

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F.No. 225/268/2014/ITA.II Dated- 28th of November, 2014 Order under Section 119 of the Income-tax Act, 1961 Considering the devastation due to floods in the State of Jammu & Kashmir, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income-tax Act, 1961 (`Act’) and in continuation to the earlier order under section 119 of the Act dated 16.09.2014, hereby further extends the ‘due date’ of furnishing return of income from 30th ...

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Chapter XIX-A of the Income-tax Act, 1961 contains provisions relating tosettlement of cases by the Income-tax Settlement Commission (ITSC). Theprovisions contained in the said chapter were amended by Finance Act, 2007and a Revised Settlement Scheme was put in place. Explanatory Circular No.3/2008 dated 12.03.2008 issued by CBDT vide para 61 (comprising sub paras61.1 to 61.17) deals with Revised Settlement Scheme....

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F.No.225/298/20114/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 11th of November, 2014 Order under Section 119(1) of the Income-tax Act, 1961 The Income-tax Offices throughout the country shall remain open on 15th November (Saturday), during normal office hours, for conducting the administrative work related to implementation of the restructuring of jurisdictions across the country which is coming into effect...

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In its constant endeavour towards a non-adversarial tax regime, the CentralBoard of Direct Taxes(CBDT) has issued instruction dated 7th November, 2014 to itsfield offices. Emphasis has been laid on cleanliness in office, punctuality, timelinessin appointment and avoiding unnecessary adjournments. Though less that 1% ofreturns filed are selected for scrutiny, this area of work has often drawn adversarialcomments. Supervisory officers, have been directed to play a more pro-active role inmonitoring...

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Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes FT &TR-II Division F. No. 500/12/2013-SO/FT&TR-2(1) New Delhi, dated 30thOctober, 2014 ORDER NO. 12/FT&TR/2014 In partial modification toOrder No. 7/FT&TR/2013 dated 14thNovember, 2013and in exercise of the powers conferred undersection 144Cof theIncome-tax Act, 1961(43 of 1961)read withIncome-tax (Dispute Resolution Panel) Rules, 2009as amended from time to time and keeping in...

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DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 F. No. DIT(S)-II/Non-filers/2014-15/4011 Dated: 29.10.2014 To, The Principal Chief Commissioner of Income-tax / Chief Commissioner of Income-tax (By Name) Ahmedabad / Allahabad / Amritsar / Bangalore / Baroda / Bhopal / Bhubaneswar / Bareilly/ Chandigarh / Chennai / Cochin / Coimbatore / Dehradun / Delhi / Durgapur / Guwahati / Hubli / Hyderabad / Indore/ Jaipur / Jalpaiguri / Jo...

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INSTRUCTION NO. 8/2014 F. No. 225/271/2014-ITA.II GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES Room No. 143E, North Block, New Delhi Dated the 27thOctober, 2014 To All Pr. Chief-Commissioners of Income-tax/Chief-commissioners of Income-tax All Pr. Directors-General of Income-tax/Directors-General of Income-tax Sir/Madam Subject:- Framing of scrutiny assessments in cases of fish farmers involved in running inland fresh water fish ...

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Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes PRESS RELEASE 18thOctober, 2014 Press Release on the filing of I.A. No. 14 in WP(C) No. 176 of 2009 (Ram Jethmalani & Ors V. Union of India), by Union of India Union of India has filed I.A. No. 14 seeking the following clarifications with regard to theorders dated 4.7.2011and 1.5.2014, passed by the Hon’ble Supreme Court of India in WP(C) 176 of 2009 (Ram Jethmalani & Ors V. Union...

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Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes PRESS RELEASE 17thOctober, 2014 Last date of filing of the TDS/TCS Statements for the 2ndQuarter ofFinancial year 2014-15 for the deductors/collectors in the States of Andhra Pradesh, Jammu & Kashmir, Odisha & Telangana extended. In view of the recentnaturalcalamities in the States of Andhra Pradesh, Jammu & Kashmir, Odisha & Telangana, the Central Board of Direct Taxes has issued an ...

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F. No. 178/84/2012-ITA.I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No. 14/2014 New Delhi, the 8th October, 2014 Subject : Clarification regarding allowability of deduction under section 10 A/ 10AA on transfer of Technical Man-power in the case of software industry. CBDT had issuedCircular No.12/2014 dated 18thJuly, 2014to clarify that mere transfer or re-deployment of existing technical manpower from an existing unit to a new...

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Instruction No. 07/2014 Government of India Ministry of Finance Department of Revenue (CBDT) Room No. 143E, North-Block, New-Delhi Dated the 26thof September, 2014 To All Pr. Chief-Commissioners of Income-tax/Chief-Commissioners of Income-tax All Pr. Directors-General of Income-tax/Directors-General of Income-tax Sir/Madam Subject: - Scope of enquiry in cases selected for scrutiny during the Financial Year 2014-2015 on basis of AIR/CIB /26AS mis-match-regarding. It has come to...

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F.No.153/53/2014-TPL (Pt.I) GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)(CENTRAL BOARD OF DIRECT TAXES)**** North Block, TPL DivisionNew Delhi, the 26th September, 2014Order under section 119 of the Income-tax Act, 1961 Section 44AB of the Income-tax Act, 1961 ("the Act") read with rule 6G of the Income-tax Rules, 1962 ("the Rules") requires certain persons to file tax audit report in Form No.3CA/Form No.3CB along with prescribed particulars in Form No.3CD. Vide Notification ...

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F.No.290/27/2013-Dir(inv.IV)/821 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE C ENTRAL BOARD OF DIRECT TAXES NEW DELHI-110055 Dated: September 15, 2014 OFFICE MEMORANDUM Subject: Invitation of suggestions for better management of Suspicious Transaction Reports (STRs) STRs constitute a strategically important source of information for Income Tax department. In the last few years the number of STRs has grown tremendously and is growing further. The departmen...

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Considering the large-scale devastation in the State of Jammu andKashmir, due to the natural calamity, the Central Board of Direct Taxes hasissued an order to extend the date for payment of second instalment of advancetax for companies and first instalment of advance tax for others for FY 2014-15(AY 2015-16) from 15th September, 2014 to 15th December, 2014 in case of allthe tax payers in the State of Jammu and Kashmir. These taxpayers can now paytheir September 2014 instalment of advance tax by ...

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F. No. 225/268/2014/ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA.II Division New Delhi, the 16thSeptember, 2014 Order under Section 119 of the Income-tax Act, 1961 Considering the large scale devastation in the State of Jammu & Kashmir due to heavy rains and floods, the Central Board of Direct Taxes, in exercise of powers conferred undersection 119of theIncome-tax Act, 1961, hereby extends the `due-date' for...

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Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, North-Block, IT (A-II) Division, New Delhi Compulsory manual selection of cases for scrutiny during the Financial Year 2014-15. Instruction No. 6/2014 Dated- 2nd of September, 2014 Subject: Compulsory manual selection of cases for scrutiny during the Financial Year 2014-15-regd:- In supersession of earlier Instructions on the above subject, the Board hereby lays down the following procedure and criteria ...

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