Sebi, CBDT ease PAN rules for foreign investors after onboarding concernsSebi and CBDT relaxed PAN compliance requirements for foreign portfolio investors after concerns over complex onboarding rules. The clarifi...
SEBI seeks CBDT clarity on tax role of authorised representatives of FPIsIndia's market regulator Sebi seeks clarity from the tax department on the duties of authorised representatives for foreign investors. Fund...
Income tax staff warn of nationwide agitation in April-May: 'Pushed to the brink’ over work pressure, delayed promotionsTwo major Income Tax Department employee associations, representing nearly 97% of the workforce, have warned of a seven-stage nationwide ag...
CBDT amends safe harbour norms for intra-group loansCBDT, India's top direct taxes authority, has introduced new safe-harbour provisions, eliminating the requirement for intra-group loans to ...
Finance Ministry extends ITR filing deadline for companies till November 7The Central Board of Direct Taxes (CBDT), the apex decision-making body in matters of income and corporate tax, in a notification said sinc...
I-T unearths over Rs 3,500-cr TDS default by oil, telecom firm in DelhiThe Income Tax Department has detected TDS default of more than Rs 3,500 crore after it surveyed a major oil company and a telecom operator...
CBDT’s norms for manual ITR scrutinyFor the current financial year 2019-20, ITRs filed by charitable trusts entities will be manually selected and will be subject to complete ...
Task force to review direct tax laws gets 3-month extensionIt was first set up in November, 2017 under the Central Board of Direct Taxes.
Indian companies under POEM to be taxed at 40 per centCentral Board of Direct Taxes has put up a draft notification for stakeholder comments. It has already issued norms for determining POEM of...
New rules to cut transfer pricing disputesTax experts say India has made changes in line with the Multilateral Convention of Base Erosion and Profit Shifting (BEPS).
Media cos' advertisement payment not liable for TDS: CBDTPayments made by TV channels or newspaper companies to agencies for procuring advertisements will not attract tax deducted at source TDS.
CBDT constitutes committee to fine tune transfer policyThe restructuring has brought about largescale changes in the jurisdiction of I-T officers and also changes in the assessment ranges for a ...
Don't coerce assessee to falsely admit income: CBDT to I-T departmentThe CBDT said any admission of unaccounted money should be done only when there is strong and credible evidence and not under pressure.
- CBDT rationalises norms of scrutiny of tax returns
The Income Tax Department has rationalised the norms for manual selection for scrutiny of tax returns to bring it in line with global best ...
Will simplify e-filing norms: CBDTE-filing of Income Tax returns will be further simplified by the CBDT which said it is encouraged by the increasing number of taxpayers.
Adopt uniform procedures for non-filers of I-T returns: CBDTCBDT tightened norms to deal with no-filers of income tax returns & asked its officers to follow uniform procedure in handling such cases.
- I-T to probe banks helping people hide black money
Income Tax Department will probe certain banks and their officials suspected to be helping customers hide illicit funds through multiple ac...