Due date for Wealth Tax Return for Assessment Year 2015-16 extended till 7th Sep-15

F.No.328/08/20 5-WT Government of India Ministry of Finance Department of. Revenue Central Board of Direct Taxes (CBDT) New Delhi, dated the 3″I September, 2015 To All Pr. Chief Commissioners of Income-tax Subject: Extension of due date of filing return of wealth for A.Y. 2015-16 clarification A clarification was issued vide letter of even number dated…

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Clarifications on Tax Compliance for Undisclosed Income and Assets

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (Black Money Act’) has introduced a tax compliance provision under Chapter-VI of the Act. The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Rules, 2015 (the Rules) were notified vide Notification no. G.S.R. 529 (E) dated 2nd July,…

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CBDT instructed its officers not to take any action against FIIs/ FPIs involving MAT cases prior to 1st Apr-2015

Instruction No 9/2015 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes   North Block, IT (A-II) Division New-Delhi, dated the 2nd of September, 2015   Subject: Report on applicability of Minimum Alternate Tax (MAT) on FIIs/FPIs for the period prior to 01.04.2015 and acceptance of the Government thereof- rep.…

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