Wednesday , September 19, 2018 |   13:14:04 IST
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI
About Us Contact Us Instant Updates Newsletters
 
NEWS FLASH
 
TP - No TDS is deductible in case of foreign firm services & payments not including any income component, but only reimbursement of expense on cost allocation formula: ITAT (See 'Breaking News') TP - For benchmarking purposes, assets employed & risk undertaken by software development company is not comparable to BPO service provider: ITAT (See 'Breaking News') I-T - Any modification or cancellation in low tax deduction certificate issued by Department must be communicated to deductor: ITAT (See 'Breaking News') DTAA - Managerial services rendered by foreign entity though employees in India for more than 90 days within twelve months period is sufficient to construe its Indian subsidiary as 'Service PE': ITAT (See 'Breaking News') TP - Once taxpayer entity has modified its return & paid taxes on international transaction as per APA signed with CBDT then no appeal against selection of comparable is maintainable: ITAT (See 'Breaking News') GDP growth picks up to 1% in Q2 in G20 economies (See 'TII Brief') I-T - Case decided by Appellate Authority in favor of taxpayer by following precedents laid down by ITAT & confirmed by jurisdictional High Court, calls for no interference: ITAT (See 'Breaking News') TP - Diversification in business profile requires information in form of segmental bifurcation before deciding suitability of comparable for purposes of benchmarking: ITAT (See 'Breaking News') TP - When agreement between two resident companies do not provide for any markup on total cost, then no addition is warranted by applying margin of international transactions: ITAT (See 'Breaking News') I-T - Mere withholding of TDS on remittances received from Indian branch office will not waive obligation of parent company to disclose such income in their return: HC (See 'Breaking News') TP - Dispute relating to adoption of internal CUP for benchmarking cases relating to grant of excessive credit period for realization of proceeds from AEs merits no writ interference: HC (See 'Breaking News') TP - Dispute pertaining to selection of comparables merits no adjudication if no addition on account of transfer pricing adjustment had been made in final assessment order: ITAT (See 'Breaking News')
 
TII SEARCH
 
 
   
Home >>
 

CBDT puts in abeyance controversial clauses relating to GAAR & GST
By TII News Service
Aug 17, 2018 , New Delhi

    

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF DIRECT TAXES
TPL DIVISION, NEW DELHI

CIRCULAR NO

6/2018, Dated: August 17, 2018

Order under section 119 of the Income-tax Act, 1961

Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with rule 6G of the Income-tax Rules, 1962 ('the Rules') requires prescribed persons to furnish the Tax Audit Report along with the prescribed particulars in Form No. 3CD. The existing Form No. 3CD was amended vide notification no. GSR 666(E) dated 20th July, 2018 with effect from 20th August, 2018.

Representations have been received by the Board that the implementation of reporting requirements under the proposed clause 30C (pertaining to General Anti-Avoidance Rules (GAAR)) and proposed clause 44 (pertaining to Goods and Services Tax (GST) compliance) of the Form No. 3CD may be deferred.

The matter has been examined and it has been decided by the Board that reporting under the proposed clause 30C and proposed clause 44 of the Tax Audit Report shall be kept in abeyance till 31st March, 2019. Therefore, for Tax Audit Reports to be furnished on or after 20th August, 2018 but before 1st April, 2019, the tax auditors will not be required to furnish details called for under the said clause 30C and clause 44 of the Tax Audit Report.

[F. No. 370142/9/2018-TPL]

(Sanyam Suresh Joshi)
DCIT (OSD) (TPL)-III

 
 
INTL TAXATION INTL MISC TP FDI LIBRARY VISA BIPA NRI TII
  • DTAAs
  • TIEAs
  • Circulars
  • Circulars (I-T Act, 1922)
  • Instructions
  • Notifications
  • Administrative Orders
  • DRP Panel
  • I-T Act, 1961
  • Relevant Portion of I-T Rules,1962
  • Relevant Portion of I-T Act,1922
  • GAAR
  • Equalisation Levy
  • Draft Guidelines
  • Committee Reports
  • FATCA
  • Intl-Taxation
  • Finance Acts
  • Manual on EoI
  • DTC Bill
  • UN Model
  • Miscellaneous
  • Guidance Notes - AEOI
  • OECD Conventions
  • Cost Inflation Index
  • Union Budget
  • Information Security Guidelines
  • Draft Notifications
  • Circulars
  • Instructions
  • Notifications
  • Relevant Sections of Act
  • TP Rules
  • Forms
  • Miscellaneous
  • APA Annual Report
  • APA Rules
  • APA FAQ
  • UN Manual on TP
  • Safe Harbour Rules
  • US Transfer Pricing
  • FEMA Act
  • Exchange Manual
  • Fema Notifications
  • Master Circulars
  • Press Notes
  • Rules
  • RBI Circulars
  • FDI Circulars
  • Reports
  • FDI Approved
  • RBI Other Notifications
  • FIPB Review
  • FEO Act
  • Black Money Act
  • PMLA Notification
  • PMLA Instruction
  • PMLA Bill
  • FM Budget Speeches
  • SEBI
  • Multimodal Transportation
  • Vienna Convention
  • NBFC Reports
  • EXIM Bank LoC
  • Manufacturing Policy
  • FTDR Act, 1992
  • Intellectual Property
  • White Paper on Black Money
  • Posting Policy
  • PMLA Cases
  • Transfer of Property
  • CBR Act, 1963
  • MCA Circular
  • Book Review
  • Limitation Act
  • SSAs
  • EPFO
  • FAQs
  • Acts
  • Rules
  • Guidelines
  • Tourist Visa
  • Notifcations
  • Types of Visa
  • Agreements
  • Arbitration
  • Model Text
  • Relevant Portion of I-T Act
  • Circulars
  • I-T Rules, 1962
  • MISC
  • Notification
  • About Us
  • Contact Us
  •  
     
    A Taxindiaonline Website. Copyright © 2010-2018 Taxindiainternational.com Pvt.Ltd. All rights reserved.