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CBDT signs 26 advance pricing agreements in April-August

Thursday, September 5, 2019, 11:40 AM

The Central Board of Direct Taxes(CBDT) said it has signed 26 advance pricing agreements(APAs) in the April-August period. The total APAs entered into by the board now stands at 297, which includes 32 bilateral APAs. APAs were introduced in 2012 by the government to provide tax certainty to those multinational corporations that agree to certain principles relating to the valuation of their cross-border transactions.
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Govt extends CBDT Chairman Mody's tenure

Thursday, August 29, 2019, 1:01 PM

The tenure of CBDT Chairman P C Mody has been extended by an year, a government order said Thursday. According to the order, the Appointments Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi, has approved "re-appointment" of Mody for a period of one year. Mody was to retire on August 31.
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CBDT clarifications on I-T return bring relief to NRIs

Wednesday, August 28, 2019, 9:56 AM

Non-residents will not need to disclose their directorships in foreign companies that do not generate any income from India in their tax return forms, the Central Board of Direct Taxes has said. The apex direct taxes body issued a set of fresh clarifications for filing of income tax returns. The deadline for filing of I-T returns is August 31.