Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the ultimate-addons-for-gutenberg domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114

Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home3/a1636wpq/public_html/taxclick.org/wp-includes/functions.php on line 6114
Income Tax Archives - Page 5 of 19 - All About Finance

Income Tax

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

by

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

Grounds for filing appeals of admissibility of claim of deduction of Bad Debts under section 36(1) (Vii) of Income Tax Act

by

Circular No. 12/2016 F.No.279/Misc./140/2015-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, Dated 30th  May, 2016 Subject: – Admissibility of claim of deduction of Bad Debt under section 36(1) (vii) read with section 36(2) of the Income-Tax Act, 1961— reg. Proposals have been received by the … Read more

Clarification regarding the simplification of procedure for FORM No. 15G and 15H

by

F.No. DGIT(S)/CPC(TDS)/DCIT/15GH /2016-17/4539 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi.   Notification No. 9/2016 New Delhi, 9th June, 2016 Subject: Simplification of procedure for Form No.15G & 15H — Clarifications -reg The existing provisions of section 197A of the Income-tax Act, 1961(‘the Act’) inter alia provide … Read more

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

by

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

The e-mail based assessment scheme has now been extended to Hyderabad and Kolkata

by

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes   PRESS RELEASE New Delhi, the 25th May, 2016 Sub: Extension of Scheme for E-assessment -reg. Paperless assessment/ e-mail based assessment on a pilot basis was commenced in the financial year 2015-16 in non-corporate charges of five cities i.e. Ahmedabad, Bangalore, … Read more

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

by

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

Explanatory Notes on Provisions of the Income Declaration Scheme, 2016

by

Circular No. 16 of 2016   F.No.370142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated: 20th May, 2016 EXPLANATORY NOTES ON PROVISIONS OF THE INCOME DECLARATION SCHEME, 2016 AS PROVIDED IN CHAPTER IX OF THE FINANCE ACT, 2016 Introduction The Income Declaration Scheme, 2016 (referred … Read more

Clarifications on the Income Declaration Scheme, 2016

by

  Circular No.17 of 2016 F.No.142/8/2016-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) *** Dated 20th of May, 2016 Clarifications on the Income Declaration Scheme, 2016 The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) incorporated as Chapter IX of the Finance Act, 2016 … Read more

The Income Declaration Scheme 2016 to open from 1st June 2016

by

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes   PRESS RELEASE New Delhi, 14 th May, 2016  Subject: The Income Declaration Scheme 2016 to open from 1st June 2016. The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons … Read more

Income Tax Return from AY 2009-10 to 2014-15 can verify through EVC

by

Circular No. 13/2016 Government of India Ministry of Finance Department of Revenue (CBDT) North Block, New Delhi, Dated the 9th of May, 2016 Subject: – Verification of tax-returns for Assessment Years 2009-2010, 2010-2011, 2011-2012 2012-2013, 2013-2014 and 2014-2015 through EVC which are pending due to non-filing of ITR-V Form and processing of such returns—regd.-  Under … Read more