"19 July 2017" Archive

TDS not deductible on GST Component: CBDT

Circular No. 23/2017-Income Tax 19/07/2017

Even under the new GST regime, the rationale of excluding the tax component from the purview of TDS remains valid, the Board hereby clarifies that wherever in terms of the agreement or contract between the payer and the payee, the component of 'GST on services' comprised in the amount payable to a resident is indicated separately, tax sha...

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Cabinet approves CGST and IGST (Amendment) Bill, 2017

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has given its ex-post facto approval for the promulgation of the Central Goods and Services Tax (Extension to Jammu & Kashmir) Ordinance, 2017 and replacement of the Ordinance by the Central Goods and Services Tax (Amendment) Bill, 2017. ...

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Posted Under: Income Tax |

Eligibility of divorced daughters for grant of family pension -clarification

No. 1/13/09-P&PW(E) 19/07/2017

Provision for grant of family pension to a widowed/divorced daughter beyond the age of 25 years has been made vide OM dated 30.08.2004. This provision has been included in clause (iii) of sub-rule 54 (6) of the CCS (Pension), Rules, 1972....

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Cabinet approves MOC in respect of tax matters with BRICS countries

Cabinet approves MOC in respect of tax matters between India and BRICS countries – Brazil, Russia, China and South Africa The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given the approval for the signing of Memorandum of Cooperation (MOC) in respect of tax matters between India and the Revenue administrations...

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Posted Under: Income Tax |

How to Leverage Tax Saving through various Insurance Policies?

Although you can avoid taxes a little, unlike every other thing in your life, income tax is certain. Basically, it’s just that you do have a tax liability since your gross annual income falls under a certain tax bracket. ...

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Posted Under: Income Tax |

EPF: Non Filing of Returns by Exempted establishments

No. C-Misc./Ex.Return/2013/Vol-II/7247 19/07/2017

It has been observed that all the exempted establishments have not filed the prescribed returns till In this regard, it is directed that all the RPFC/Officer In­ charges of the field offices shall ensure due filing of prescribed returns by 25.07.2017...

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Allocate charges amongst the Members of CBEC

Office Order No. 122/2017 19/07/2017

Consequent upon appointment of Shri S.K. Panda and Ms. Ameeta Suri as Member of Central Board of Excise and Customs(CBEC), with the approval of the Competent Authority, it has been decided to allocate the charges amongst the Members of the Central Board of Excise and Customs as under until further orders....

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CBDT amends jurisdictions of Principal CITs & CCITs

Notification No. 64/2017-Income Tax [S.O. 2260(E)] 19/07/2017

CBDT hereby makes the following amendments in the Notification of the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, vide number S.O. 2753(E), dated the 22nd October, 2014, published in the Gazette of India Extraordinary, Part II, Section 3, Sub-section (ii), dated the 22nd October, 2014 namely :-...

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CBDT rescinds 3 Income Tax Notifications

Notification No. 63/2017-Income Tax [S.O. 2259(E)] 19/07/2017

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 63/2017 New Delhi, the 19th July, 2017 (INCOME TAX) S.O. 2259(E).—In exercise of the powers conferred under section 118 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes being satisfied that it is necessary in the Publi...

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Changes made in Form 3CD

As you may be kindly aware that the due date for filing the tax audit report in Form No 3CA/3CB/3CD is 30th September, 2017 for AY 2017-18. In this regard, we wish to inform the members that CBDT has made the following amendments in Form No. 3CD:...

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