​Income-Tax (18th Amendment) Rules, 2017-Amendment in Form 3CD

CBDT through Notification No. 58/2017 amends Form 3CD to get detail information under section 269SS and Section 269T. After amendment there will be requirement of more information for transactions covered under section 269SS and 269T.   For more details please refer: http://www.incometaxindia.gov.in/communications/notification/notification58_2017.pdf

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Procedure of Intimating AADHAAR Number to Income Tax Department

CBDT through Notification No. 7 of 2017 issues procedure of intimating AADHAAR number to Income Tax Department by Permanent Account Number (PAN) holder and quoting of the same in PAN applications in compliance of Section 139AA of Income Tax Act. Now every person who has PAN No. is required to update/ intimate his/ her AADHAR to […]

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IDS 2016: CBDT GUIDELINE FOR CONDONATION OF DELAY IN PAYMENT

CBDT has ruled out any relief for those who declared unaccounted income under the Income Declaration Scheme (IDS) but failed to pay the first installment of the tax and penalty. The CBDT said any relaxation will be “discriminatory” against those who made payment as per the first deadline of November 30, 2016. “It is noted […]

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