TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES] Notification New Delhi, the 30th day of August, 2012
Full text of the committee report on GAAR
The Ministry of Finance has notified an “Advance Pricing Agreement Scheme” (Rules 10F to 10T of Income Tax Rules, 1962) vide notification No. 36/2012 dated 30-8-2012. The Finance Act, 2012 had inserted sections 92CC and 92CD in the Inc
OFFICE MEMORANDUM [F.NO. 279/M-61/2012-ITJ] DATED 28-8-2012 It has been observed that a large part of litigation in the Direct Taxes matters involves interpretation of legal provisions. Lack of desired clarity on a contentious legal issue, amo
NOTIFICATION NO. 33/2012 [F.NO.133/13/2012-SO(TPL)]/SO 1967(E) DATED 24-8-2012 In exercise of the powers conferred by sub-section (14) of section 144C of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the
Transfer Pricing - Computation of arm's length price - Notified percentage under second proviso to section 92c(2) -Section 92 of the Income-Tax Act, 1961 NOTIFICATION NO. 31/2012 [F.NO. 500/185/2011-FTD I] DATED 17-8-2012 In exercise of
OFFICE MEMORANDUM [F.NO. 12020/6/2012-AD.IX] DATED 16-8-2012 Representations have been received that quarterly review meetings taken by Chairman with the representatives of ITGOA and ITEF are not always held in time with the result that issues
The Income Tax Department is in the process of training a fresh batch (Batch-II) of 5000 graduates as Tax Return Preparers (TRPs) across the country. The TRPs are authorized to prepare Income Tax Returns for individual and HUF taxpayers. The Tax
The Direct Taxes Committee of ICAI in its endeavor to enable our members to e-file the income-tax returns easily, had requested the CPC to provide the Frequently Asked Questions (FAQs) on matters relating to e-filing, CPC and refund. In res
CIRCULAR NO. 5/2012 [F. NO. 225/142/2012-ITA.II] DATED 1-8-2012 It has been brought to the notice of the Board that some pharmaceutical and allied health sector Industries are providing freebees (freebies) to medical practitioners and their pr
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