CBDT

Why should I pay tax?

Income Tax - Some people raise the question 'Why should I pay tax? They argue: I have to pay for my food, for my house, for my travel, for my medical treatment, for owning a vehicle not only cost of vehicle but also vehicle tax and what not. Even on many roads, one has to pay toll tax! They also say that if we compare with countries like USA and UK,...

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Claim of Deduction of Expenses on Payments To Non-residents: A User’s Guide

Income Tax - This article tries to develop a working guide to the officers on the issue of payment to non-residents. The fundamental point to be examined by the Assessing Officers in connection with disallowance under section 40(a)(i) of the Income Tax Act of any payment to a non-resident is whether the sum is taxable under the provisions of the Incom...

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Taxation of Cloud Computing Services – An Analysis

Income Tax - In today's technology world, businesses require access to high end technology equipment like servers in order to host various services online. Due to this, requirement for these kinds of servers have increased tremendously among the e-commerce businesses. Owning/maintaining such servers and upkeep requires skilled manpower, which is a cos...

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Policy For Taxation of Digital Economy

Income Tax - Chandana Ramachandran Commissioner of Income Tax ( LTU), Bangalore chandana.r.chandran@incometax.gov.in Ms Chandana Ramachandran belongs to the 1990 Batch of Indian Revenue Service, presently posted as the Commissioner of income Tax (Large Taxpayer Unit), Bangalore. She has served in various capacities in the department, her longest tenur...

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Post-Liberalisation Direct Tax Reforms in India

Income Tax - Ajai Das Mehrotra Pr. Chief Commissioner of Income Tax, Gujarat ahmedabad.pccit@incometax.gov.in Sh.Ajai Das Mehrotra, is an IRS officer of 1984 batch and is currently posted as Principal Chief Commissioner of Income Tax, Gujrat. He had worked extensively in the field of Assessment, Investigation and other direct taxation fields. He had a...

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Income Tax Department conducts search on a prominent business group in Pune

Income Tax - Income Tax Department conducted searches on a prominent business group in Pune on 06/11/2019 under the Income Tax Act, 1961. The searches were conducted at various places covering the cities of Pune, Mumbai, Nagpur, Delhi, Bengaluru and Noida....

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Income Tax Department makes high cash seizure in Pune

Income Tax - Income Tax Department conducted a search in the case of a businessman in Pune on 04/11/2019 and made a high cash seizure. The search was conducted at the residence of the businessman....

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Income tax Department Vision 2020: It is time to think the Unthinkable

Income Tax - Vision is aspirational but it is important to define the desired outcomes. The next logical step is to specify the physical action points that would result in the desired outcome. A structure for the Vision 2020 is being proposed, which also includes a format specifying the milestones over the next few years, to achieve these […]...

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CBDT release Time-series and income-distribution data

Income Tax - Central Board of Direct Taxes has further released Time-series data updated up to F.Y. 2018-19 and income-distribution data for A.Y. 2018-19 (F.Y. 2017-18). ...

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CBDT Taxalogue Magazine Jul – Oct 19 | Volume 1 | Issue 1

Income Tax - The Tax Policy, which feels the pulse of the public and addresses their concerns while raising taxes for the Government is considered as the most progressive one. On the other hand, if it ignores the ground reality, it arouses adverse public sentiments....

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CBDT cannot extend time to claim deduction under section 54F

Shivinder Singh Brar, Karta (HUF) Vs. CBDT (Punjab and Haryana High Court) - Where assessee was precluded from construction of new house due to prohibition of construction in his area then assessee could seek relaxation in terms of section 119(2)(c) at time of claiming deduction under section 54F and such claim could be made only within time period, as prescribed under Act f...

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CBDT to Provide informations related to revamp of Income Tax e-filing Website

[a] Copies of all Records Received/Issued for Revamping the Website of Income-Tax Deptt. that relates to Tax Policy & Legislation Division of CBDT in particular (Because to implement the action in question amendment in statute is required to establish due compliance)....

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CBDT to provide details of No. of Tax Audit & Auditors to RTI Applicant

CBDT has provided Tax Audit Data to ICAI based on the returns e-filed during the financial year 2010-11. This has been published in one of the leading Private Website for CAs on 16th day of November 2011. ...

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TDS on Hotel Room Rent & Other Facilities?

The East India Hotels Ltd Vs Central Board of Direct Taxes (Bombay High Court) - TDS on the charges you pay to a Barber? The word ‘carrying out any work’ in section 194C is limited to any work which on being carried out culminates into a product or result. The word ‘work’ in s.194C is limited to doing something with a view to achieving the task undertaken or carry out an...

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Clarification on PAN encrypted Digital Signature Certificate (DSC)

The Central Board of Direct Taxes (CBDT) had recently amended the Rules relating to the manner of furnishing the return of income for companies for Assessment Year 2010-11 and onwards. Under the revised Rules, all companies (including foreign compani...

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Promotion of 113 Officers to the grade of CCIT

Office Order No. 246 of 2019 - (02/12/2019) - Office Order No. 246 of 2019 – Promotion of Officers to the grade of Chief Commissioner of Income Tax (CCIT) – reg F.No. A-32011/1/2019-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 02.12.2019 Of...

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Guidelines for scrutiny of invalid returns selected through CASS

F. No. 225/333/2019/ITA-11 - (29/11/2019) - It has been brought to the notice of Board that notices under section 143(2) of the Income-tax Act, 1961 ('Act') were generated in respect of certain invalid returns of the assessees filed for the Assessment Year 2017-18 through CASS Cycle 2018. As the scrutiny of such returns will pose a challenge ...

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Corrigendum Notification No. 97/2019- Income Tax Dated: 13.11.2019

Notification No. 97/2019- Income Tax/ S.O. 4084(E) - (13/11/2019) - The name of the approved organization Diabetes Research Centre Foundation, Chennai shall be read as Prof. M. Viswanathan Diabetes Research Centre, Chennai with effect from 01.04.2010....

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CORRIGENDA to Notification No. 62/2019- Income Tax

Notification No. 86/2019-Income Tax- S.O. 3968(E). - (01/11/2019) - CBDT amends Notification No. 62/2019- Income Tax dated 12th September, 2019 related to E-assessment Scheme, 2019 to rectify the spelling misstates vide CORRIGENDA Notification No. 86/2019 dated: 1st November, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGEND...

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CORRIGENDA to Notification No. 61/2019- Income Tax

Notification No. 85/2019-Income Tax / S.O. 3967(E). - (01/11/2019) - CBDT amends Notification No. 61/2019- Income Tax dated 12th September, 2019 related to E-assessment Scheme, 2019 to rectify the spelling misstates vide CORRIGENDA Notification No. 85/2019 dated: 1st November, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGEND...

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Recent Posts in "CBDT"

Promotion of 113 Officers to the grade of CCIT

Office Order No. 246 of 2019 (02/12/2019)

Office Order No. 246 of 2019 – Promotion of Officers to the grade of Chief Commissioner of Income Tax (CCIT) – reg F.No. A-32011/1/2019-Ad-VI Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) North Block, New Delhi -110 001 Dated: 02.12.2019 Office Order No. 246 of 2019 Consequent up...

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Guidelines for scrutiny of invalid returns selected through CASS

F. No. 225/333/2019/ITA-11 (29/11/2019)

It has been brought to the notice of Board that notices under section 143(2) of the Income-tax Act, 1961 ('Act') were generated in respect of certain invalid returns of the assessees filed for the Assessment Year 2017-18 through CASS Cycle 2018. As the scrutiny of such returns will pose a challenge for the AO and is bad in law, I am direc...

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Corrigendum Notification No. 97/2019- Income Tax Dated: 13.11.2019

Notification No. 97/2019- Income Tax/ S.O. 4084(E) (13/11/2019)

The name of the approved organization Diabetes Research Centre Foundation, Chennai shall be read as Prof. M. Viswanathan Diabetes Research Centre, Chennai with effect from 01.04.2010....

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Income Tax Department conducts search on a prominent business group in Pune

Income Tax Department conducted searches on a prominent business group in Pune on 06/11/2019 under the Income Tax Act, 1961. The searches were conducted at various places covering the cities of Pune, Mumbai, Nagpur, Delhi, Bengaluru and Noida....

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Posted Under: Income Tax |

Income Tax Department makes high cash seizure in Pune

Income Tax Department conducted a search in the case of a businessman in Pune on 04/11/2019 and made a high cash seizure. The search was conducted at the residence of the businessman....

Read More
Posted Under: Income Tax |

CORRIGENDA to Notification No. 62/2019- Income Tax

Notification No. 86/2019-Income Tax- S.O. 3968(E). (01/11/2019)

CBDT amends Notification No. 62/2019- Income Tax dated 12th September, 2019 related to E-assessment Scheme, 2019 to rectify the spelling misstates vide CORRIGENDA Notification No. 86/2019 dated: 1st November, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDA New Delhi, the 1st November, 2019 Noti...

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CORRIGENDA to Notification No. 61/2019- Income Tax

Notification No. 85/2019-Income Tax / S.O. 3967(E). (01/11/2019)

CBDT amends Notification No. 61/2019- Income Tax dated 12th September, 2019 related to E-assessment Scheme, 2019 to rectify the spelling misstates vide CORRIGENDA Notification No. 85/2019 dated: 1st November, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) CORRIGENDA New Delhi, the 1st November, 2019 Noti...

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Income tax Department Vision 2020: It is time to think the Unthinkable

Vision is aspirational but it is important to define the desired outcomes. The next logical step is to specify the physical action points that would result in the desired outcome. A structure for the Vision 2020 is being proposed, which also includes a format specifying the milestones over the next few years, to achieve these […]...

Read More
Posted Under: Income Tax |

CBDT release Time-series and income-distribution data

Central Board of Direct Taxes has further released Time-series data updated up to F.Y. 2018-19 and income-distribution data for A.Y. 2018-19 (F.Y. 2017-18). ...

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Posted Under: Income Tax |

Office Order No. 221/2019 – Additional Charge in Pr. CCIT/CCsIT grade

Office Order No. 221 of 2019 - CBDT (07/10/2019)

Office Order No. 221 of 2019 The following officers in the grade of Pr.CCIT/CCsIT are hereby ordered to hold the charge(s), as indicated against their names, in addition to their substantive charge/additional charge(s), if any, being held by them, with immediate effect and until further orders:...

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