Page 27 - Cbdt
CBDT to come up with FAQs for settling tax litigation
CBDT will also launch a massive publicity drive to make the Dispute Resolution Scheme a success
 "CBDT to come up with FAQs for settling tax litigation")
Rani Nair set to be new CBDT Chairperson
Nair has been instrumental in framing the procedures and protocols that led to the roll out of the IDS
Revenue officers seek autonomy for CBDT
The association also raised the issue of disparity in impanelment and asked the FM to ensure parity of IRS with IAS
 "Revenue officers seek autonomy for CBDT")
Give importance, respect to CBDT: IRS officers body to FM
IRS association asked finance minister to ensure autonomy for CBDT and parity with joint secretary level
 "Give importance, respect to CBDT: IRS officers body to FM")
Revenue department, IRS officers at loggerheads
Formal resolution against revenue secretary for disciplinary rap on Income Tax officer; department livid and Jaitley issues warning on breach of conduct rules
 "Revenue department, IRS officers at loggerheads")
Tax collected at source to be levied above Rs 2 lakh only if payment in cash: CBDT
A fresh circular has been issued by the Board to clarify the issue with regard to applicability of the provisions to levy TCS
CBDT notifies foreign tax credit rules
Taxpayers claiming FTC shall now be required to file a Statement of Income from a foreign country with details of tax paid in the prescribed Form 67
 "CBDT notifies foreign tax credit rules")
Cutting down on tax-related litigation: An uphill task for the CBDT
However, the board needs to keep clarifying its position to bring in more transparency in tax administration
 "Cutting down on tax-related litigation: An uphill task for the CBDT")
No TCS on sale of cars exceeding Rs 10 lakh to govt dept: CBDT
Levy will also not apply to purchase of vehicles by institutions notified under the UN privileges Act and High Commissions and Embassies
 "No TCS on sale of cars exceeding Rs 10 lakh to govt dept: CBDT")
CBDT issues transfer pricing norms
Besides, the note suggested that a tax officer should refer cases to a transfer-pricing officer only in three defined circumstances and where there is income or potential income arising from international transactions
 "CBDT issues transfer pricing norms")
CBDT issues circulars to contractors over taxability of consortium
This circular is expected to reduce litigation with consortium of contractors implementing EPC contracts
