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income tax act Archives - All About Finance

income tax act

Clarification regarding the cancellation of registration u/s 12AA of the income tax act

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Circular No. :21/2016 F.NO.197/17/2016-ITA-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 27th May, 2016 Subject – Clarification regarding cancellation of registration uis I2AA of the Income-tax Act, 1961 in certain circumstances – regarding Sections 11 and 12 of the income-tax Act, 1961 CActl exempt income … Read more

Amendment in Section 206C as per Finance Act 2016 – Clarification and FAQ

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Circular No 22/ 2016 F.No 370142/17/2016—TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated 8th,June 2016 Sub: Amendment in Section 206C vide Finance Act 2016 – Clarifications regarding Section 206C of the Income-tax Act, 1961 (hereafter referred to as ‘Ace), prior to amendment by Finance … Read more

Manner of determination of fair market value for section 9(1) of the Income-tax Act

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Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ******* PRESS RELEASE New Delhi, Dated 23rd May, 2016 Subject: Manner of determination of fair market value and reporting requirement for Indian concern-Indirect transfer provisions-section 9(1) of the Income-tax Act, 1961-reg. Under section 9 of the Income-tax Act, 1961 (the Act), … Read more