CBDT Corner
CBDT revises format for Sec 143(2) notices to implement e-assessments
CBDT revises format for issue of notices for assessment u/s 143(2); CBDT issues revised notice format in view of increased
CBDT appoints over 260 Joint CITs on ad-hoc basis
CBDT announces ad-hoc appointment of 263 IRS officers to the grade of Joint Commissioner of Income-tax (‘Jt. CIT’) from April
CBDT Task Force to create new ecosystem for scrutiny assessments, taxpayer segmentation
CBDT agrees to the broad concept of taxpayer segmentation with differentiated treatment and creation of a "new ecosystem for conducting
CBDT initiates consultation for tax consequences u/s 115JH on foreign company having Indian POEM
CBDT issues draft notification u/s. 115JH specifying tax consequences in respect of foreign company said to be resident on account
CBDT:Clarifies on seized-cash adjustment, trade-advance taxability u/s. 2(22)(e), TDS applicability on airline’s PSF payment
CBDT clarifies that Explanation 2 to Sec. 132B (debarring adjustment of seized cash against advance tax liability) is prospective in nature, accepts the view taken
CBDT: Notifies operating rules for TDS on rent payment exceeding Rs. 50k by individuals / HUFs
CBDT notifies operating rules and forms with respect to Sec. 194IB (inserted by Finance Act, 2017) to provide for TDS
India submits provisional list of expected reservations on MLI
India submits provisional list of expected reservations and notifications to be made by it pursuant to Articles 28(7) and 29(4)
India signs historic Multilateral Instrument on BEPS, alongwith over 65 countries
Over 65 countries, including India sign historic Multilateral Instrument in Paris, that will amend thousands of bilateral tax treaties, with
CBDT amends Rule 31(3A) regarding claiming TDS refund, enables electronic verification
CBDT amends Form 26B and sub-rule 3A of Rule 31A relating to claiming refund of excess TDS deposited by deductor;
CBDT notifies cost inflation index for FY 2017-18 with new base year as FY 2001-02
CBDT notifies cost inflation index of 272 for FY 2017-18 with new base year as FY 2001-02; Notification shall come