CBDT introduces mandatory electronic scrutiny assessments from the financial year of 2017-2018
Introduction: The Central Board of Direct Taxes has issued a circular(1) stating that scrutiny assessment proceedings shall be carried on electronically with effect from the current financial year of 2017-2018. It has been further clarified that there will be no requirement of personal appearance before the authorities with an exception of certain clauses. This circular […]
Tax Hotline
Foreign Tax Credit Rules Notified: Clarity for Indian Taxpayers Going Global Huge relief to taxpayers in terms of providing for procedural mechanisms to effectuate foreign tax credit as envisaged under the Income Tax Act and Double Taxation Avoidance Agreements. Rules remove anomalies that existed in the draft form especially in terms of clarity of timing […]