Category: Income Tax

Procedure, Formats and Standards for ensuring secured transmission of electronic communication
Income Tax

Procedure, Formats and Standards for ensuring secured transmission of electronic communication

TaxIndiaUpdates In0 comments3282 views
Procedure, Formats and Standards for ensuring secured transmission of electronic communication – introduction of E-Proceeding for communication between the Income Tax Department and Assessee- reg. DGIT(S)/DIT(S)-3/AST/Paperless Assessment Proceedings/96/2015-16 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income Tax (Systems) Notification … Continue Reading →
Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme 2016
Income Tax

Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme 2016

TaxIndiaUpdates In0 comments2726 views
Order under section 119 of the Income-tax Act, 1961 Subject: Petitions seeking condonation of delay in making payment of first instalment under the Income disclosure Scheme, 2016-reg.- The Board has received condonation petitions under section 119 of the Income-tax Act, 1961 (‘Act’) from some … Continue Reading →
Latest FAQs on Income Computation and Disclosure Standards (ICDS) notified u/s 145(2)
Income Tax

Latest FAQs on Income Computation and Disclosure Standards (ICDS) notified u/s 145(2)

TaxIndiaUpdates In0 comments3644 views
Clarifications on Income Computation and Disclosure Standards (ICDS) notified under section 145(2) of the Income-tax Act, 1961. CBDT Circular No. 10/2017, Dated: March 23, 2017 Sub-section (1) of section 145 of the Income-tax Act, 1961(‘the Act’) provides that the income chargeable under the head “Profits … Continue Reading →