Central Board Of Direct Taxes

Unrealistic revenue targets will affect business environment

Issues a separate circular on limitation period of show-cause notices

The CBIC issued circular clarifying guidelines on recovery proceedings for the period 2017-18 and 2018-19

Move seen as part of department's revenue maximisation exercise

Directive issued for maximising revenue collection and monitoring advance tax mop up

The form 10F is signed physically by the Non resident taxpayers and furnished along with the tax residency certificate to the resident payers for the purpose of determining withholding tax implication

Also seeks relaxations in set-off provisions for carry forward business loss

Centre's FY23 mop-up may top BE by Rs 1-1.5 trn

A task force had recommended changes in indexation benefit rules for the capital gains tax in 2019, and it is expected to be the main basis of the review

Face charge of incorrect declaration to dodge tax

The tribunal has a total sanctioned strength of 63 members and 28 benches

First phase is expected early next fiscal year; CBIC in talks with six major concerned regulatory agencies with the vast majority of export matters

Petition says arrest made despite a CBIC circular saying that no tax liability is there in circular trading

Separate investigation on home-grown online gaming companies shows tax evasion of up to Rs 80,000 crore

Its success, however, will hinge on the quality of online utilities launched along with it

CBIC come across 12-13 cases of import-export data leaks to dark web

New return to also seeks details on foreign equity and debt held by resident Indians; much more exhaustive list for NRIs

Crypto exchanges have been asked to furnish details this month itself

Form 26Q contains details of the total amount paid and the tax deducted on transactions other than the salary in a quarter

So far, the CBIC has made 960 arrests, including of 20 chartered accountants, under the current provision