Searched for
SPECIFIED DOMESTIC TRANSACTIONS
No two-factor authentication needed for payment up to Rs 15,000 through e-mandate; higher recurring limit for these transactionsThe Reserve Bank of India introduces a new e-mandate framework for digital payments effective 2026. As per new rules, all recurring transac...
Capital gains on share buyback get new surcharge twist; income tax dept explains what it means for youThe Income Tax Department has clarified a new 12% surcharge on capital gains from share buybacks, specifically for promoters. This change, ...
Tax audit deadline not extended for these taxpayers; Karnataka CA body highlights anomalies in CBDT's due date extension circularThe CBDT extended tax audit and ITR filing deadlines to November 10 and December 10, 2025, respectively. However, taxpayers with internatio...
ITR filing deadline for FY 2023-24 extended to December 15, 2024 for these taxpayersITR filing deadline for FY 2023-24 (AY 2024-25) extended: The income tax department has extended the income tax return (ITR) filing for FY ...
I-T dept notifies tolerance range for AY25 for transfer pricing casesThe income tax department has set the tolerance limits for variation between arm's length price and transfer pricing at one per cent for wh...
Budget widens ambit of transfer pricing, enhances power of officers to pick domestic casesThe budget widened transfer pricing provisions to include some domestic transactions and enhanced the power of transfer pricing officers to...
Income tax calendar 2021: All the important tax-related dates you need to knowThis calendar will make it easier for individuals to ensure that they have met the income tax-related compliances before the expiry of the ...
CBDT notifies extension of ITR filing date for auditable accounts, transfer pricing casesAmong the various income tax deadline extensions announced for taxpayers, the due date for payment of self-assessment tax in case where the...
CBDT keeps tolerance range for transfer pricing unchanged, experts surprisedThe industry including multinationals were expecting some relaxation in the rules given the Covid 19 pandemic’s impact on businesses, said ...
Government may be looking to fix a domestic transfer pricing loopholeIt is understood that the government may come out with additional regulations or articulate the current framework to plug the loophole.
Domestic transfer pricing leeway provides a loophole for Indian companiesUntil now, many companies were worried that the tax department could trigger transfer pricing adjustments even in domestic situations.
Government amends rules to reduce Transfer Pricing disputesThe government has issued the final rules to incorporate range concept and use of multi-year data in transfer pricing calculations to reduc...
Draft rules on ‘range’ concept in transfer pricing issuedThe use of multiple-year data and the "range" concept in the transfer pricing regime is proposed to be incorporated through amendments to t...
Budget 2014: Improve quality of transfer pricing regulationsThere is a need to improve the quality of comparability analysis under the Indian transfer pricing regulations.
- Budget 2013: OPPI seeks amendment in Specified Domestic Transactions
OPPI has proposed that Budget 2013 should amend Specified Domestic Transactions. The proposed amendment seeks to cover a situation wherein ...
- Budget 2012: The goodies delivered by FM Pranab Mukherjee
Cash donations above Rs 10,000 towards scientific research or rural development will not be eligible for tax benefits under section 80G and...
- Not quoting PAN will increase your tax outgo
Every person whose total income exceeds the maximum amount which is not chargeable to income tax is required to obtain a Permanent Account ...