CBDT Procedure for submission of Form 67 (FTC) and Filing of ITR
CBDT Prescribes Procedure for submission of Form 67 under IT Rule 116 relating to deduction for Foreign Tax Credit (FTC) while filing Statement/ Return of Income (ITR) by a Resident …
Category: Income Tax
ICAI’s Technical Guide on Income Computation and Disclosure Standards (ICDS)
ICAI has published a “Technical Guide on Income Computation and Disclosure Standards (ICDS) – First Edition July, 2017”, in view of the fact that 10 Nos. ICDS notified by CBDT on …
CBDT’s Revised ICDS (applicable from AY 2017-18) along with Clarifications/ FAQs
CBDT notifies the revised ICDS (I to X) applicable from FY 2016-17 (AY 2017-18) excluding the cases of Individuals and HUF not subject to Tax audit. Also issues draft …
Revised Procedure for Submission of Form 15G/ 15H along with CBDT Clarifications
CBDT has simplified/revised the procedure for e-filing of Form 15G/ 15H (declaration forms for no TDS) and clarified the due dates for quarterly submission by payer and annual submission …
Add/ Register Representative at E-Filing Portal: User Manual by Income Tax Deptt.
The Income Tax Deptt. has issued User Manual explaining the procedure to be followed for utilising the new functionality “Add/Register as Representative” recently enabled on it’s e-Filing portal. The …
Revised Due Dates for Quarterly TDS/ TCS Returns, as notified by CBDT
CBDT has notified the Revised Quarterly TDS Return Due Dates, applicable w.e.f. 01/06/2016 (from Financial Year 2016-17). However, there is no change in due dates for filing of Quarterly …
New Income Tax Rule 127A: Authentication of e-Notices/ e-Communications
The CBDT has notified New Income Tax Rule 127A on Authentication of e-Notices/ e-Communications, whereby it has been provided that e-notice/ e-communication shall be valid only if it contains …
CBDT amends IT Rules relating to AIR to check money laundering post-demonetization
CBDT has further amended Income Tax Rules 114B, 114C, 114D and 114E to seek detailed information in AIR to check money laundering transactions post-demonetization, including mandatory PAN/ Form 60 …
CPC-TDS Procedure: e-Filing of CA Certificate (Form 27BA) for Rectification of TCS Defaults
CBDT (DIT-Systems) Notification No. 12/2016 dt. 8 Dec. 2016 1. As per first proviso to sub-section (6A) of section 206C of Income-tax Act, 1961, any person, other than a person …
CBDT Clarification on 80IB/ 80IC Deduction (Transport, Power and Interest subsidies)
The CBDT has clarified about the eligibility for deduction u/s 80-IB/ 80-IC in respect of revenue receipts (i.e. Transport, Power and Interest subsidies) of an Industrial Undertaking/ eligible business, …