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1. CBDT extends due date for filing Income Tax Returns and Tax Audit Reports

2. Rollback of an Advance Pricing Agreement - Income-tax (Third Amendment) Rules, 2015 - CBDT issues Notification

3. Adjustment of tax liability – Out of input tax credit available – dealer can adjust current year tax liability out of Input Tax Credit available in credit of dealer -...

4. FIFTY- NINTH REPORT - STANDING COMMITTEE ON FINANCE (2011-12) CURRENT ECONOMIC SITUATION AND POLICY OPTIONS

5. Per capita net national income of the country at current prices for the year 2015-16 is estimated to attain the level of ₹ 93231/-

6. Penalty levied on the assessee/Trust under Section 273(2)(a) and under Section 140A(3) - filing NIL estimate of advance tax and nonpayment of the self assessment tax -...

7. After giving voluntary statements admitting the non-payment of Service Tax and giving an undertaking to discharge the outstanding Service Tax liability, one cannot seek...

8. Undisclosed Income - unable to accept that payment of Advance Tax based on “current income” involves the disclosure of “total income” - SC

9. Form of application for obtaining an advance ruling - Rule 44E of the Income-tax Rules, 1962 - CBDT amends the rule.

10. According to CBDT Circular No. 20/2017 dated 12th June 2017 cash seized during searh opeartion u/s 132B can be adjsuted against advance tax payment.