Income Tax News
CBDT confirms strict confidentiality under IDS scheme
04 October 2016 at 12:59CBDT committed to Strict Confidentiality under Income Declaration Scheme: 2016 While announcing the results of the Income Declaration Scheme 2016 on 1st October, 2016 at a press conference in Delhi, the Honourable Finance Minister Shri Arun Jaitley s
IDS 2016 scheme unearths Rs 65250 crore black
03 October 2016 at 11:00Income Declaration Scheme 2016 unearths Rs.65250 crore of hitherto Undeclared Income and Assets; 64275 declarations filed under IDS-2016 up to the midnight of 30th September, 2016 The Income Declaration Scheme, 2016 came into effect from 1st June, 2
IDS declaration counter to remain open till midnight on 30th September
28 September 2016 at 10:47In order to facilitate the declarants, counters for receiving declarations under the Income Declaration Scheme - 2016 to remain functional till 12:00 midnight on 30th September, 2016. In order to facilitate the declarants who would like to file the d
Certificates will be issued to individual taxpayers
20 September 2016 at 10:49Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesSub: Finance Minister conveys Government’s Appreciation to tax payers for their contribution towards Nation building.The Government acknowledges the contrib
CBDT clarifies on taxpayers response to IDS 2016
16 September 2016 at 10:49Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 15th September, 2016Sub: CBDT clarifies unconfirmed reports on IDS 2016 Certain sections of the press have been speculating on the taxpayer response to
Govt reiterates information shared under IDS will not be shared with any authority
16 September 2016 at 10:49Government reiterates that information contained in a valid declaration under the Income Declaration Scheme, 2016 is confidential and shall not be shared with any authority. The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to
Further instruction regarding Income Declaration Scheme
16 September 2016 at 10:49Instruction No. 8 of 2016F.No.142/8/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)***New Delhi, the 15th September, 2016To,All The Principal Chief Commissioners of Income-taxSub.: The Income Declara
Direct Tax Dispute Resolution Scheme can be availed upto 31st Dec
16 September 2016 at 10:31Litigation is a scourge for a tax friendly regime. In order to reduce the pending litigation, the Direct Tax Dispute Resolution Scheme, 2016 (the Scheme) has come into force from 1st June, 2016 and can be availed up to 31st December, 2016. The Scheme
CBDT clarifies due date extension also applicable to Accounts audited under sec 44AB
15 September 2016 at 10:52F. No. 225/195/2016-ITA IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes North Block, New DelhiDated the 14th of September, 2016 Clarification req. u/s 119 of the Income-tax Act, 1961 dated 9th September 2016
Clarifications on the Direct Tax Dispute Resolution Scheme, 2016
13 September 2016 at 11:07F.No.142/11/2016-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)***Dated: 12th September, 2016Clarifications on the Direct Tax Dispute Resolution Scheme, 2016The Direct Tax Dispute Resolution
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