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Finance Ministry Clarifies Law On Levy Of GST On Legal Services

The Ministry of Finance has issued a Corrigendum Notification dated 25th September 2017 in which it has provided clarification with regard to the applicability of GST by way of reverse charge on legal services by advocates including senior advocates and firms of advocates. The corrigendum is presumably issued to correct the ambiguity in the language of the principal Notification which was pointed out by the Delhi High Court in JK Mittal & Co vs. UOI

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CBDT Clarifies Law Reg TDS On Interest On Deposits Made Under Capital Gains Accounts Scheme, 1988 Where The Depositor Is Deceased

The CBDT has issued Notification No. 08/2017 dated 13th, September, 2017 in which it has explained the law relating to TDS on interest on deposits made under the Capital Gains Accounts Scheme, 1988 where the depositor has deceased

CBDT Explains Impact Of SARFAESI Act On Collection Of Taxes Out Of Attached Properties

The Directorate of Income Tax (Recovery & TDS) has issued a directive dated 6th September 2017 in which it has explained the salient provisions of the SARFESI Act 2002 and the impact that it has with regard to the right of the department to recover taxes out of attached properties

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CBDT Extends Appointment Of IRS Officers As Joint Commissioners Of Income-Tax

The CBDT has issued Order No. 155 of 2017 dated 13th September 2017 by which it has stated that the President has extended the ad-hoc appointment of several IRS Officers to the grade of Joint Commissioner of Income-tax from 1st July 2017 to 15th October 2017

CBDT Order Of Promotion Of Officers To Grade Of Pr CCIT

The CBDT has vide Order No. 151 of 2017 dated 8th September 2017 promoted several officers to the grade of Principal Commissioner of Income-tax (Pr CCIT) (level 17 in the pay matrix of Rs. 2,25,000) with effect from the date of assumption of charge of the post or until further orders. The CBDT has also directed the posting of the officers on promotion

Acche Din! CBDT To Splurge Rs. 264 Cr To Buy Smart Phones, Laptops Etc For AOs, Inspectors Etc

The CBDT is on a shopping spree. It has been allocated a whopping sum of Rs. 615 crore by the Finance Ministry ostensibly to “augment the infrastructure” of the Income-tax department. Of this Rs. 264 crore will be splurged, inter alia, on buying mobile phones, laptops etc for the ITOs and Inspectors. It is claimed that this will “improve efficiency & capabilities of the officers & officials of the Department”. The CBDT has invited suggestions on how the balance of the bonanza should be spent by it

Taxpayers & Professionals Impressed With Law Min & ITAT For Speedy Setting Up Of New Bench In Surat

The speed with which the Law Ministry and the ITAT have moved with regard to the setting up of the new Bench at Surat has impressed tax professionals and taxpayers. A glittering function was held to inaugurate the Bench on 1st September 2017. The function was attended by several eminent dignitaries. A few photos taken on the occasion are available

Bombay High Court’s Tax Bench Constitution w.e.f 04.09.2017

The Constitution of the Bombay High Court’s Tax Bench w.e.f 04.09.2017 is as follows

Trust Honest Taxpayers & Do Not Harass Them: NAMO To CBDT Top Brass

Prime Minister Narendra Modi addressed high ranking officials of the CBDT and CBEC at Rajasva Gyan Sangam. He exhorted the officials to incorporate both a ‘sense of urgency,’ and ‘measurability,’ in their performance. He also directed them to fix clear targets to improve the country’s tax administration by 2022. He also instructed the officials to come up with an action plan to eliminate pendency in tax related cases. He emphasized that an environment that instills confidence among honest taxpayers & uproots corruption has to be created

CBDT Extends Due Date For Filing ROI And Linking Aadhaar With PAN

The CBDT has issued two Notifications under section 119 of the Income-tax Act, 1961, both dated 31st August 2017 and bearing the same number. Vide one Notification, the CBDT has directed that the due date for filing the return of income and tax audit reports shall be extended from 30th September, 2017 to 31st October, 2017. Vide the other Notification, the CBDT extended the time for linking Aadhar with PAN till 31.12.2017


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