Monthly Archive:: April 2016

I-T department to consider information on non-filers from third party sources

Apr 27, 2016 Income Tax department will consider information received from third party sources like banks, law enforcement agencies and foreign tax authorities for determining non-filers of income tax. The Central Board of Direct Taxes (CBDT) had

Govt plans to cut scrutiny time of tax returns to 1 year

Apr 25, 2016 In an effort to make life simpler for income tax payers, the government is looking to reduce the time under which an assessment of an individual’s tax returns picked up for random scrutiny is

Export of Service

Following condition to be satisfied for any service provided or agreed to be provided shall be treated as export of service: (a) The provider of service is located in the taxable territory, (b) The recipient of the