The Central Board of Direct Taxes (CBDT) has entered into five Unilateral Advance Pricing Agreements (UAPA) and two Bilateral Advance Pricing Agreements (BAPA) during the month of January, 2018.
ICRICT is launching today a new publication presenting concrete solutions to reorient the existing system of international taxation away from serving the wealthy few and to focus it instead on addressing the needs of the vast majority of the population.
The Income Tax Department has issued about one lakh notices to people who have invested in crypto currencies like Bitcoin and have not declared it in their income tax return, CBDT (Central Board of Direct Taxes) chairman, Mr Sushil Chandra said at an ASSOCHAM event held in New Delhi today.
UIDAI said today in a statement that the Plastic or PVC Aadhaar smart cards are often not usable as the QR code commonly becomes dysfunctional during such unauthorised printing at some vendor/shop. Also, there could be a possibility of sharing Aadhaar details (personal sensitive demographic information) without informed consent with some devious elements.
In order to promote affordable housing, the government has made several efforts to create enabling environment and eco-system.Towards such an end, the Government has granted infrastructure status to affordable housing which will enable these projects to avail the associated benefits such as lower borrowing rates
The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley stresses on the importance of procedural fairness in public procurement and award of contracts ;
The Institute of Chartered Accountants of India (ICAI) has come across a news-item titled I-T busts B’luru CA’s tax refund racket with clients from top tech cos’ published in media dated January 26, 2018
The GST portal has now more than one Crore taxpayers registered on it and more than six Crores returns have been filed on the portal. The overall percentage of return filing for July GSTR-3B is 93.3%, the same for August it stands at 89.05%. The percentile of GSTR-1 filing is much smaller than GSTR-3B filing. […]
In order to make the process of claim of TDS error free, a system was devised some years ago in 2009 and published vide circular no 2/2009, dated 21.05.2009. The relevant excerpt from the said circular is as follows:
The Central Bureau of Investigation has arrested a Commissioner (an IRS Officer of 1986 Batch), GST & Central Excise, Kanpur (Uttar Pradesh); two Superintendents & an official, all working in GST & Central Excise Commissionrate
