Category Archives: Direct Tax

Be a Part of an Annual Conference on TDS and Get Valuable Insights

Tax Deduction at Source: Issues, Problems and Recent Developments PHD chamber of commerce and industry is a leading and dynamic government body that works at the grass root level with a mission of Skilling India for Global Competitiveness. The multi-state … Continue reading

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Filling of Statement of Financial Transaction (SFT) for Financial Year 2017-18 – 31st May 2018 Timeline

Section 285BA of Income Tax Act, 1961 (‘Act’) read with Rule 114E of Income Tax Rules, 1962 (‘Rules’) requires certain persons/entities to furnish a return/ statement of specified financial transactions (‘SFT’) as mentioned in such Rule 114E. Rule 114E specifies … Continue reading

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CBDT Lays down process for intimating taxpayers & seeking response on proposed adjustments us 143(1)(a)(vi)

CBDT lays down process & scenario(s) for seeking response of taxpayers to proposed adjustments u/s 143(1)(a)(vi) for addition of income appearing in Form 26AS or Form 16 or 16A which is not included in computing income in ITR.

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CBDT has notified final rules on Master File and Country-by-Country (CbCR)

Country-by-Country reporting requirement – CBDT notifies Final Rules: (For International groups/entities – Indian & Foreign) Finance Act, 2016 had amended Section 92D of the Income-tax Act, 1961 (‘the Act’) and introduced Section 286 to provide certain requirements regarding keeping, maintaining … Continue reading

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CBDT – POEM clarification for India based regional HQ operations

CBDT issues clarification (Circular dt. 23 Oct’ 17) on POEM applicability to multinational companies with regional headquarter structure wherein certain employees having multi-country responsibility or oversight over the operations in other countries of the region are working from India;

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