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; Continue reading →

CBDT has launched e-assessment pilot in 7 cities for time-barring cases; Gives taxpayers ‘opt-out’ choice

IT department has issued order covering various aspects of conducting scrutiny assessments electronically in cases which are getting barred by limitation during FY 2017-2018; The e-assessments will be conducted using the Income-Tax Business Application (ITBA); Asst proceedings in the 2 categories of time-barring scrutiny cases, pending as on Oct 1, 2017, where hearings have not been completed, would be carried out through ‘e-Proceeding’ facility on  ITBA; Continue reading →