CBDT issues Circular on amendment of Tax Audit Report

Press Information Bureau Government of India Ministry of Finance 18-August-2018 12:50 IST CBDT issues Circular on amendment of Tax Audit Report Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with Rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires prescribed persons to furnish the Tax Audit Report along with the prescribed particulars Read More …

CBDT Circular No. 4/2018 | Computation of admissible deduction u/s 10A of the Income Tax Act, 1961

As per the provisions of sub-section (4) of section 10A of the Income Tax Act, 1961 (the ‘Act”), the profits derived from export of articles or things or computer software shall be the amount which bears to the profits of the business of the undertaking, the same proportion as the export turnover in respect of such articles or things or computer software bears to the total turnover of the business carried on by the undertaking Read More …

CBDT Notification: Centralized Communication Scheme, 2018

The CBDT has issued a Notification dated 22nd February, 2018 to notify the Centralized Communication Scheme 2018. The Centralized Communication Scheme 2018 provides for the electronic issuance of notices to taxpayers and prescribes the format in which the information and documents have to be furnished Read More …