CBDT - Page 30

Govt. Group to examine amendments to India-Mauritius DTAA

With a view to examine the consequential issues arising out of amendments to India - Mauritius Double Taxation Avoidance Convention and related issues, a Working Group headed by Joint Secretary (FT&TR-II), CBDT and comprising of departmental officers and representatives of SEBI, custodians, brokerage firms and fund managers has been const...

Posted Under: Income Tax |

PM to inaugurate 2 day Annual Conference of CBDT & CBEC

Prime Minister to inaugurate the two day Annual Conference of Tax Administrators 2016 on 16th June, 2016 in the national capital; For First time that two Revenue Boards i.e. CBDT & CBEC are holding the Conference simultaneously;...

Posted Under: Income Tax |

Tax Return Preparers for Individual and HUF Taxpayers

Now filing Income Tax Return is convenient than ever! Thanks to the taxpayer friendly initiatives of the Income Tax Department. Just log on to www.trpscheme.com and choose ‘Locate TRPs’ or ‘Register for Home Visit’ or ‘Online Tax Help’ and a trained Tax Return Preparer (TRP) will help you in the Return ...

Posted Under: Income Tax |

CBDT notifies Committee to Examine Rule 10VA Applications

Rule 10VA provides for mechanism of fund being approved by the Board for purpose of section 9A. The fund seeking approval is required to make an application to Member (Income-tax), CBDT. A committee as notified by the Board is to examine the application and submit its recommendations regarding grant of approval or otherwise and the condit...

Posted Under: Income Tax |

Hardship faced while e-Filing of CIT(Appeals) in From No. 35

In view of the Notification No. 11/2016 dated 1.3.2015 of CBDT, e-filing of appeal with CIT(A) in Form No. 35 is made mandatory. However, it alleged by the Federation that there was a technical problem in filing of appeal and also in obtaining acknowledgement of filing of appeal and therefore, the assessees file the appeal manually whic...

Posted Under: Income Tax |

TARC Recommendations in four Reports submitted to Government

The Tax Administration Reforms Commission (TARC) headed by Dr. Parthasarathi Shome submitted its report in four volumes containing a total of 385 recommendations that pertain to Central Board of Direct Taxes (CBDT) and 201 recommendations that pertain to Central Board of Excise and Customs (CBEC). ...

Posted Under: Income Tax |

List of Useful Codes of Income Tax

In this article we have compiled various codes used by Income Tax Department for showing Status of Taxpayer, Nature of Business , States , Holding Status- Nature of Company, Business Organization Type, Unit of Measurement and Section Code for Nature of income in software- Status of Taxpayer I Individual H Hindu Undivided Family (HUF) 1 [&...

Posted Under: Income Tax | ,

Best Practices for Scanning & Uploading of Attachments

You may kindly note that whenever any document is uploaded to any e-Filing website , the following best practices should be complied. Scan settings ⇒ Scan to PDF ⇒ Scan at 300 dpi ⇒ Scan in Black and White only ⇒ Do not upload  files with Read/Write/Password protection Scanning Source Documents Scan the original tax […]...

Posted Under: Income Tax | ,

CBDT Draft Rules For Grant Of Foreign Tax Credit U/s. 90/ 90A/ 91

F.No. 142/24/2015-TPL 18/04/2016

The Income-tax Act, 1961 (the Act) provides that the Central Board of Direct Taxes may prescribe rules specifying the procedure for grant of relief or deduction of income-tax paid in any country or specified territory outside India, under section 90/ 90A/ 91 of the Act against the income-tax payable under the Act....

Download e-filing Utility of ITR 6 and ITR 7 for AY 2016-17

In a Record created by CBDT it has   released ITR before the start of the Assessment Year for the Assessment Year 2016-17 and released e-filing Utility of all the ITRs within 15 days from the start of Assessment Year.  CBDT has today released  e-filing Utility of ITR 6 and ITR 7 for AY 2016-17 […]...

Posted Under: Income Tax |

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