Guidelines

Amendment of Rules for Profit attribution to PE: CBDT invites comment

F. No. 500/33/2017-FTD.I (18/04/2019)

Public Consultation on the proposal for amendment of Rules for Profit attribution to Permanent (PE) Establishment invited by CBDT. Under Article 7 in the Indian treaties, profits are to be attributed to the PE as if it were a distinct and separate entity on the basis of the accounts of the PE and where such accounts are not available to e...

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Guidelines for representation of cases before CIT(A)

F.No.279/Misc/M-124/2018-ITJ (14/02/2019)

Undersigned is directed to state that since the monetary limit of tax effect for filing of appeals to ITAT against the order of CIT(A) has been raised to Rs. 20 lakhs vide CBDT Circular No 3 of 2018 dated 11.7.2018, it is expedient that the cases are properly defended before the CIT(A), as the department will have no recourse to any appea...

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How to avail 8% GST on Affordable Housing

F.No. 354/52/2018-TRU (07/05/2018)

Authenticated document to be relied upon by the developer to charge concessional rate of GST on CLSS housing. Requirement of specific approval/ certificate for residential projects to qualify as `Infrastructure status'...

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24 FAQs on Taxation of Long Term Capital Gain on Shares

F.No. 370149/20/2018-TPL (04/02/2018)

Since the introduction of the Finance Bill, 2018 on 1st February, 2018, several queries have been raised in different fora on various issues relating to the proposed new tax regime for taxation of long-term capital gains. The responses to these queries are provided below....

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Documents for Change of Date of Birth of EPF Members

No. Pension-I/Instructions/Guidelines/2017/20825 (12/12/2017)

It was decided to follow the following process for change of date of birth of members of Employees' Pension Scheme 1995-(i) In case the correction required in date of birth is upto plus or minus one year, Aadhaar will be accepted as a valid document for date of birth....

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Suggestions for smooth compliance of GST- Issue and Response

F. No. 349/147/2017- GST/405 (30/11/2017)

Issue: Payment up to Rs. 50,000 to be allowed through cheque instead of current provision of Rs. 10,000. Response: The Council deliberately decided to keep Rs. 10,000/- as limit for payment through 'over the counter mode' of payment. The same has been decided in the line with the view of Government to minimize cash transactions and encour...

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Advisory for “while filing Refund claims arising out of Export of Goods”

File No. VI/1-52/CCO/GSTN-ADVSRY/2017 (06/11/2017)

Ensure that the Shipping Bill is filed correctly and the details & particulars match with the details of the consignment mentioned in the Tax Invoice....

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Advisory on System Error during GST Registration Amendment

VI/1-52/CCO/GSTN-ADVSRY/2017 (03/11/2017)

It has been noticed that while filing the Registration Amendment applications (Non- Core or Core), many Taxpayers are receiving the Error message, namely : System Error Occurred...

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Country-by-Country reporting & furnishing of master file- Draft TP rules

F. No. 370142/25/2017-TPL (06/10/2017)

It is proposed to insert rulac 10DA, 10DB and form nos. 3CEBA to 3CEBE in the Income-tax Rules, 1962 (`the Rules'), laying down the guidelines for maintaining and furnishing of transfer pricing documentation in the Master File and Country-by-Country report. In this regard, the following guidelines are proposed to be prescribed:...

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GST: Clarification on one third deemed deduction on transfer of Land

C. No. IV/16/122017-CCO(TVM) (19/09/2017)

The value of supply of services falling under the said Sl. No. are eligible for one third deemed deduction, on account of Transfer of Land or Undivided Share of land, if the transaction value includes the value of the land transferred as per and as delineated in para 2 of the said Notification. This one third deemed deduction on account ...

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