CBDT

PAN-Aadhaar linking deadline extended

The CBDT (Central Board of Direct Taxes) extended the deadline for the PAN-Aadhaar linking to March 31, 2019. The policy-making body of the tax department issued an order, under Section 119 of the Income Tax Act extending the deadline. The CBDT order has come against the backdrop of the Supreme Court’s extension of the March 31, 2018 deadline for linking Aadhaar card.

Sushil Chandra gets another one-year extension

Central Board of Direct Taxes (CBDT) chairman Sushil Chandra has got a one-year extension up to May 31, 2019. He took over as chairman of the Central Board of Direct Taxes (CBDT) in 2016. This is the second extension that he has got. CBDT has six members, apart from the chairman, and is responsible for framing policy related to direct taxes and the Income Tax Department.

CBDT notifies DTAA between India and Kuwait

The Central Board of Direct Taxes (CBDT) has notified a protocol to amend the existing double taxation avoidance pact (DTAA) between India and Kuwait. It had entered into force on March 26, updating the provisions in the DTAA. The protocol, which was signed on January 15, 2017, was notified on May 4 this year. India and Kuwait had signed a double taxation avoidance pact on June 15, 2006.

CBDT signs 200th UAPA in April

The CBDT has signed its 200th unilateral advance pricing agreement (UAPA), which is aimed at promoting government’s resolve of the non-adversarial tax regime. The Central Board of Direct Taxes had entered into one UAPA during April, thus taking the total count to 200. The UAPA entered into during April 2018 pertains to the provision of sourcing support services.

CBDT facilitates seamless tax payment

The Central Board of Direct Taxes (CBDT) released a one-page simplified Income Tax Returns Form-1 ‘Sahaj’ for the assessment year 2018-19.It can be filed by an individual having income up to Rs.50 lakh and who is receiving income from salary, one house property/other income such as interest. This initiative benefited around 3 crore taxpayers, who filed their return in this simplified Form.

Cyprus Removed from India Tax Blacklist

Cyprus has been formally removed from India’s tax blacklist. The Central Board of Direct Taxes (CBDT) has issued a notification, rescinding it’s executive order blacklisting the island nation from November 1, 2013. Cyprus was the only country to have been blacklisted by India as a non-cooperative jurisdiction. The decision comes on the heels of the two countries firming a new tax treaty