Forum
Read and express views
× Latest Notifications/Circulars/Orders by CBDT

These are the latest notifications issued by CBDT on Income Tax which have been published recently. The notifications are open for discussion and we invite expert comments from our members on its applicability and effect on relevant issues.

NOTIFICATION NO. 88/2018,DATED: 18-12-2018

  • amit
  • amit's Avatar Topic Author
  • Offline
  • Administrator
  • Administrator
More
2 months 2 weeks ago #8536 by amit
NOTIFICATION NO. 88/2018,DATED: 18-12-2018

December 18, 2018

F. No. 370142/17/2018-TPL

G.S.R. 1217(E).—In exercise of the powers conferred by sub-section (4) of section 286 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely: ___

1. Short title and commencement.—

(1) This rule may be called the Income-tax (14th Amendment) Rules, 2018.

(2) They shall come into force from the date of its publication in the Official Gazette.

2. In the Income-tax Rules, 1962, in Part II, in rule 10DB, for sub-rule (4), the following sub-rule shall be substituted, namely: ___

“(4) The period for furnishing of the report under sub-section (4) of section 286 by the constituent entity referred to in that sub-section shall be twelve months from the end of the reporting accounting year:

Provided that in case the parent entity of the constituent entity is resident of a country or territory, where, there has been a systemic failure of the country or territory and the said failure has been intimated to such constituent entity, the period for submission of the report shall be six months from the end of the month in which said systemic failure has been intimated.”.
[Notification No. 88/2018/ F. No. 370142/17/2018-TPL]



Please Log in or Create an account to join the conversation.

Time to create page: 0.119 seconds

If You Appreciate What We Do Here On TaxPundit, You Should Consider:

We are thankful for your never ending support.

Latest Analysis - High Courts

PCIT vs. OM PRAKASH JAKHOTIA & ANR.

PCIT vs. OM PRAKASH JAKHOTIA & ANR.

PCIT vs. OM PRAKASH JAKHOTIA & ANR. Read More
Kingfisher Capital CLO Ltd. vs. CIT

Kingfisher Capital CLO Ltd. vs. CIT

Kingfisher Capital CLO Ltd. vs. CIT Read More
Plymex Timber Pvt. Ltd. & Anr vs ITO

Plymex Timber Pvt. Ltd. & Anr vs ITO

Plymex Timber Pvt. Ltd. & Anr vs ITO Read More
NATIONAL PROJECTS CONSTRUCTION CORPORATION LIMITED (NPCC) vs. DCIT

NATIONAL PROJECTS CONSTRUCTION CORPORATION LIMITED (NPCC) vs. DCIT

NATIONAL PROJECTS CONSTRUCTION CORPORATION LIMITED (NPCC) vs. DCIT Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34

Forum Features

Latest Case Laws
Latest Case Laws are instantly updated in the Forum into their respective section
Latest from CBDT
Latest Circulars, Notifications, Orders etc. from CBDT is updated in the Forum
Ask Experts
You can ask questions to the community
Support
Support queries are either replied via mail or in the Forum so that others can be benefited
Press Releases
Latest Press Notes and Press Releases are updated in the Forum
Connect with Members
You can connect with our community members by replying to their queries

Recommended Articles

 

SITE INFORMATION

All content herein is the copyright of Taxpundit. No images, text, or any other content may be, reproduced or redistributed without the express written consent of Taxpundit.

All Rights Reserved. All Content Copyright.

Newsletter

Subscribe to our newsletter and stay updated on the latest developments and special offers!

Create your own website as per ICAI guidelines. Plan starts at Rs. 15000/- with Free Premium Membership. Read more
Toggle Bar