Author: sanjayvilas

Hon’ble Sushil Chandra, the Chairman of the CBDT, has addressed a letter dated 29th October, 2018 in which a mid-year review of achievements in major KRAs specified in Central Action Plan, 2018-19 has been undertaken with reference to the progress in the major Key Result Areas of Budget Collection, scrutiny disposal, cash collection out of arrear and current demand and disposal by CIT(A)

The CBDT has issued an office order no. 181 of 2018 dated 25th October 2018 in which it is stated that the President has extended the ad hoc appointments of several IRS officers to the grade of Joint Commissioner of Income-tax from 01.04.2018 to 31.03.2019 or upto the date of regular appointment, whichever is earlier

The CBDT has issued an office order dated 3rd April 2018 in which it is noted that there is a trend of High Net Worth Individuals (HNWIs) migrating from their country of residence to other jurisdictions. It is stated that such HNWIs pose a substantial tax risk since they may treat themselves as non-residents for taxation purposes in the first jurisdiction even though they may have strong personal and economic ties with that jurisdiction. For examining the taxation aspects of such High Net Worth Individuals (HNWI), the CBDT has constituted a Working Group of high-ranking officials. The Working Group has to make recommendations for policy decision in respect of tax risks of the migrating HNWI population