Tag: CBDT
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-1 corresponding to AS-1 of ICAI, for adoption and disclosure of significant accounting policies by an enterprise. Preamble This Income Computation and …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-4 corresponding to AS-9 of ICAI, for recognition of revenue arising in the ordinary course of business activities of an enterprise. Preamble …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-3 corresponding to AS-7 of ICAI, for determination of a contractor’s income from construction contracts. Preamble This Income Computation and Disclosure Standard …
CBDT’s revised Income Computation and Disclosure Standard (ICDS)-2 corresponding to AS-2 of ICAI, for valuation of inventories at lower of ‘cost’ or ‘net realisable value’ by an enterprise with …
The due date for quarterly furnishing of 15G/ 15H declarations received by the payer from 1 April, 2016 onwards and the manner for dealing with Form 15G/15H received by …
CBDT has relaxed the financial institutions from closing the accounts, by 31 Aug. 2016, for which self-certifications have not been obtained under the alternative procedure for implementation of FATCA …
The CBDT has prescribed revised format for Scrutiny Notice u/s 143(2) for i) Limited Scrutiny; ii) Complete Scrutiny & iii) Manual Scrutiny under e-assessment applicable only in case of taxpayers whose Income-tax jurisdiction …
The CBDT vide Circular No. 12/2016 dt. 30th May, 2016 has clarified that claim for any bad debt or part thereof in any previous year, shall be admissible under section 36(1)(vii) of …
CBDT has notified procedure for Submission of Form 15CC by an Authorised Dealer in respect of remittances under S.195(6) read with Rule 37BB, as under: CBDT Income Tax Notification …
CBDT notifies the Income-tax (11th Amendment) Rules, 2016. to insert new IT Rule 26C w.e.f. 01/06/2016, which requires submission of evidence/ proof/ supporting documents in Form 12BB by employees …