Measurement of the distance for the purpose of section 2(14)(iii)(h) of the Income-tax Act for the period prior to Assessment year 2014-15

Income Tax, Income Tax Circulars/ Notification

Circular No. 17/2015 F.No.279/Misc./140/2615-ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, 6th October, 2015 Subject:- Measurement of the distance for the purpose of section 2(14)(iii)(h) of the Income-tax Act for the period prior to Assessment year 2014-15 “Agricultural Land” is excluded from the definition of…

Protocol amending the Convention and the Protocol between India and Israel for the avoidance of double taxation

Income Tax

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has approved the protocol amending the Convention and the Protocol between India and Israel, for avoidance of double taxation and for prevention of fiscal evasion with respect to taxes on income and on capital.The Protocol provides for internationally accepted standards for effective exchange of…

Validation of Previous years’ tax-returns through Electronic Verification Code

Income Tax, Income Tax Return

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 6th of October, 2015 Order under section 119(1) of Income-tax Act, 1961 Subject: Validation of tax-returns through Electronic Verification Code-reg.- The Central Board of Direct Taxes (CBDT’) vide Notification No. 41/2015 dated 15.04.2015 in cases of…