The CBDT has issued Circular No. 01 of 2018 dated 10th January 2018 by which it has issued important directions regarding the processing of income-tax returns under section 143(1) of the Income-tax Act, 1961 which were filed in Forms ITR-1 to 6 and the applicability of section 143(1)(a)(vi)
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Download Companies (Amendment) Act, 2017
The Central Government notified the Companies (Amendment) Act, 2017 (Amendment Act) on 3rd January, 2018. The provisions of this Amendment Act shall come into force on the date or dates as the Central Government may appoint by notification(s) in the Official Gazette. A few provisions in the Amendment Act have important bearing on the working of the Insolvency and Bankruptcy Code, 2016 (Code). A copy of the amendment act is available for download
CBDT Orders Transfers & Postings Of Pr CsIT, CsIT And Asst/ Deputy CsIT
The CBDT has vide ordes nos. 6, 8 and 10 of 2018 dated 8th and 9th January 2018 ordered the transfer and posting of officers in the grade of Principal Commissioner of Income-tax, Commissioner of Income-tax and Assistant/ Deputy Commissioner of Income-tax with immediate effect and other further orders
Tagged with: transfers and postings
CBDT Promotes IRS Officers To Posts Of Joint CIT And Chief Commissioners Of Income-tax
The CBDT has vide orders nos. 219, 220 and 221 all dated 29th December 2017, appointed/ promoted several IRS officers to the grade of Joint Commissioners of Income-tax and Chief Commissioners of Income-tax
CBDT Amends Rule 127 Reg Mode Of Service Of Notices, Orders & Other Communications By Dept To Assessees
The CBDT has issued a Notification dated 20th December 2017 by which it has amended Rule 127 of the Income-tax Rules with regard to the delivery and transmission of communications by the department to the assessees
CBDT, After Rap By High Court, Bans Adjournments By DRs In ITAT Without Substantial Cause
The Delhi High Court in Showa Corporation vs. Dy. Commissioner of Income Tax passed strictures against the practice of the Departmental Representatives seeking adjournment before the Tribunal on frivolous grounds even in high demand cases. Pursuant to that, the CBDT has issued a directive dated 14th December 2017 stating that Department Representatives should not seek adjournments in cases listed before ITAT without substantial cause or reason
Full Text Of Representation Made By The AIFTP On Reforms To Direct Tax Laws & GST
It was reported earlier that the AIFTP had a meeting with the Revenue Secretary Dr. Hasmukh Adhia and the CBDT Chairman Shri Sushil Chandra. The Tax Bar had offered valuable suggestions on reforms to the tax laws. For the benefit of the taxpayers and professionals, the full text of the representations made are reproduced.
Tax Bar Met Revenue Secretary Dr. Hasmukh Adhia & CBDT Chairman Shri Sushil Chandra & Offered Valuable Suggestions On Reforms To Tax Laws
For the first time, the Government has taken very positive step inviting the tax professional organizations and tax professionals to have very interactive meeting with Honourable Finance Secretary, to consider suggestions on the Direct and Indirect taxes as a part of the budget preparatory exercise for the Financial Year 2018
CBDT Order: IRS Officers Appointed Joint Commissioners Of Income-tax
Vide Order No. 214 of 2017 dated 15th December 2017, the CBDT 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 16.10.2017 to 31.03.2018
CBDT Prescribes Procedure For Assessment Of Defective Returns Of Income Selected For Scrutiny Under CASS
The CBDT has issued a directive dated 12.12.2017 in which it has prescribed in detail the procedure to be followed by Assessing Officers for the assessment of defective returns in the context of section 139(9) of the Income-tax Act, 1961
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