The CBDT has issued order no. 177 of 2017 dated 10th October 2017 relating to the appointment of Income Tax Officers as Assistant Commissioners of Income-tax. Vide another order no. 178 of 2017 dated 12th October 2017, the CBDT has dealt with the promotion of IRS officers to the grade of Joint Commissioner of Income-tax
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Video Guide On The Law On Reopening Of Assessments U/s 147 & 148
Advocate Sashank Dundu has explained the measures to be taken when an assessee receives a notice u/s 148 from the Assessing Officer seeking to reopen the assessment. He has cited all the relevant and important case laws on the subject. The guide will prove invaluable to all taxpayers and tax professionals
CBDT Prescribes Format For Consent Of Taxpayer To E-Mail Based Electronic Assessment Proceedings
Further to the directive regarding conduct of assessment proceedings electronically in time-barring scrutiny cases, the CBDT has prescribed the format in MS Word of letter for consent of taxpayers and letter for migration of email based E-Assessment in E-Proceedings
Bombay High Court’s Tax Bench Constitution w.e.f 03.10.2017
The Tax Bench of the Hon’ble Bombay High Court with effect from 3rd October 2017 is as follows
CBDT Directive Reg Conduct Of Assessment Proceedings Electronically In Time-Barring Scrutiny Cases
The CBDT has issued Instruction No. 8/2017 dated 29th September 2017 in which it has set out the procedure covering various aspects of conducting scrutiny assessments electronically in cases which are getting barred by limitation during the financial year 2017-2018
First National Tax Conference On GST At Mangalore On 4th and 5th November, 2017
For the first time, All India Federation of Tax Practitioners, in association with Karnataka State Tax Practitioners Association and the Institute of tax Practitioners of India is holding a two day national conference at Managalore. The theme of the conference is “GST & Tax professionals- Partners in Nation building” at Gate Hotel Mangalore. The conference, will be inaugurated by Honourable Justice Mr S. Abdul Naseer, Supreme Court of India and Padma Vibhusahn awardee Dr D . Veerendra Heggade, Dharmasthala.
Finance Ministry Clarifies Law On Levy Of GST On Legal Services
The Ministry of Finance has issued a Corrigendum Notification dated 25th September 2017 in which it has provided clarification with regard to the applicability of GST by way of reverse charge on legal services by advocates including senior advocates and firms of advocates. The corrigendum is presumably issued to correct the ambiguity in the language of the principal Notification which was pointed out by the Delhi High Court in JK Mittal & Co vs. UOI
CBDT Clarifies Law Reg TDS On Interest On Deposits Made Under Capital Gains Accounts Scheme, 1988 Where The Depositor Is Deceased
The CBDT has issued Notification No. 08/2017 dated 13th, September, 2017 in which it has explained the law relating to TDS on interest on deposits made under the Capital Gains Accounts Scheme, 1988 where the depositor has deceased
CBDT Explains Impact Of SARFAESI Act On Collection Of Taxes Out Of Attached Properties
The Directorate of Income Tax (Recovery & TDS) has issued a directive dated 6th September 2017 in which it has explained the salient provisions of the SARFESI Act 2002 and the impact that it has with regard to the right of the department to recover taxes out of attached properties
Tagged with: SARFESI Act
CBDT Extends Appointment Of IRS Officers As Joint Commissioners Of Income-Tax
The CBDT has issued Order No. 155 of 2017 dated 13th September 2017 by which it has stated that the President has extended the ad-hoc appointment of several IRS Officers to the grade of Joint Commissioner of Income-tax from 1st July 2017 to 15th October 2017
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