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Archived News in Direct Tax
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November , 2017
1. CBDT to accept transfer pricing MAP sans riders  Open this result in new window. Nov, 28th 2017
India's apex direct taxes body has said it will accept transfer pricing applicat...
2. CBDT relaxes norms for MAP & APAs Open this result in new window. Nov, 28th 2017
APAs and MAP are tools of alternative tax dispute resolution mechanism in matter...
3. CBDT directs I-T Dept to closely examine all revised ITRs filed after demonetisation Open this result in new window. Nov, 27th 2017
The Central Board of Direct Taxes (CBDT) has directed assessing officers to clos...
4. Non-resident investors get tax relief from indirect transfer rules Open this result in new window. Nov, 27th 2017
CBDT gives relief to non-resident investors that indirectly invest in India thro...
5. Can the TDS liability under GST be fixed with retrospective effect? Open this result in new window. Nov, 24th 2017
As per Section 51 of THE CENTRAL GOODS AND SERVICES TAX ACT, 2017...
6. New direct tax law coming Open this result in new window. Nov, 23rd 2017
With the Goods and Services Tax (GST) in place, the government has now turned it...
7. Government sets up a panel to draft new direct tax law  Open this result in new window. Nov, 22nd 2017
The government today constituted a task force for redrafting the 50-year old inc...
8. High court judges, experts brainstorm on likely GST litigations Open this result in new window. Nov, 20th 2017
With the Goods and Services Tax in place, 20 judges from 12 high courts brainsto...
9. Businesses need not deduct GST on advances received for goods supply: CBEC Open this result in new window. Nov, 17th 2017
The government has exempted businesses from deducting GST on advances received f...
10. Redress taxpayers' grievances on priority: CBDT to I-T department  Open this result in new window. Nov, 17th 2017
A "concerned" Central Board of Direct Taxes (CBDT) has asked the Income Tax (I-T...
11. No tax relief on EPF interest if not employed: ITAT Open this result in new window. Nov, 16th 2017
Tax laws provide that interest credited to an employee provident fund (EPF) acco...
12. CBDT signs 7 more unilateral APAs with taxpayers Open this result in new window. Nov, 15th 2017
The Central Board of Direct Taxes (CBDT) has signed seven more advance pricing a...
13. Income tax returns (ITR) filing: Get capital gains tax exemption on new property; here is how Open this result in new window. Nov, 15th 2017
Section 54 states that exemption from capital gains arising on sale of house pro...
14. Reach out to non-filers of GST returns: CBEC to fields offices  Open this result in new window. Nov, 14th 2017
The tax department has directed its field offices to reach out to businesses tha...
15. CBDT may shelve plan to seek corporate tax estimates in advance Open this result in new window. Nov, 13th 2017
Giving corporates and professionals a breather, the Central Board of Direct Taxe...
16. IT expertise at banks' board level a must, says RBI ED  Open this result in new window. Nov, 10th 2017
With cyber threat emerging as a major risk for the financial sector, the Reserve...
17. Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961 Open this result in new window. Nov, 09th 2017
F.No. 500/10/2017-FT&TR-IV Government of India Ministry of Finance Depart...
18. To avoid double-taxation CBDT says no tax at upstream foreign fund if local fund paid already Open this result in new window. Nov, 09th 2017
The Central Board of Direct Taxes (CBDT) on Wednesday said the income accruing t...
19. CBDT extends due date for filing Income Tax Returns and Tax Audit Reports Open this result in new window. Nov, 06th 2017
On consideration of representations from various stakeholders for furthe...
20. CBDT exempts cash sale of agricultural produce from disallowance of expenditure Open this result in new window. Nov, 04th 2017
The Central Board of Direct Taxes (CBDT) on Friday clarified that cash sale of a...
21. Tax professionals seek more time for e-filing of returns Open this result in new window. Nov, 03rd 2017
The All India Federation of Tax Practitioners (AIFTP), a body of lawyers, CAs an...
22. CBDT signs 7 more unilateral APAs with taxpayers Open this result in new window. Nov, 03rd 2017
The seven APAs signed over the last month pertain to sectors like FMCG, semi-con...
23. India adopts reporting rules to crack aggressive corporate tax planning Open this result in new window. Nov, 02nd 2017
India on Wednesday notified final rules for multinational group companies (MNCs)...
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