News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
ę Direct Tax »
 CBDT issues MAP Guidance for benefit of Taxpayers, Tax Practitioners, Tax Authorities and CAs of India and of Treaty Partners
 Redeemed your MF? It s important to report capital gains or losses in ITR
  CBDT allows income tax authorities to share information with CCI
 Compute tax demand for all assessees by Aug 31, dispose of pending appeals: CBDT chief to taxmen
 Know tax treatment of gains/losses from stock trading
 Clarification in relation to notification issued under clause (v) of proviso to section 194N of the Income-tax Act, 1961 (the Act) prior to its amendment by Finance Act, 2020 (FA, 2020)
 High value transactions, other details that your tax passbook will show Form 26AS
  Check fine for late filing and misreporting income Income Tax Return
 Income tax rules for mutual fund investment: How gains are taxed
 Don't make these mistakes while filing ITR to avoid tax noticea
 Notification No. 49/2020 CENTRAL BOARD OF DIRECT TAXES

​The Direct Tax Dispute Resolution Scheme 2016 & Equalisation Levy to come into effect from 1st June 2016
May, 31st 2016
                             Government of India
                             Ministry of Finance
                          Department of Revenue
                       Central Board of Direct Taxes


                               PRESS RELEASE

                                                           New Delhi, 31st May, 2016



Sub: The Direct Tax Dispute Resolution Scheme 2016 & Equalisation Levy to
come into effect from 1st June 2016.

        The Direct Tax Dispute Resolution Scheme, 2016 incorporated as Chapter X
of the Finance Act, 2016, shall come into force on the 1st of June, 2016 and
Declarations under this Scheme may be made on or before the 31st December, 2016 in
respect of tax arrears & specified tax. The relevant rules and forms in this regard have
been notified vide notification no. 34 & 35 dated 26th May, 2016.






        The provisions relating to imposition and collection of Equalisation Levy
incorporated as Chapter VIII of the Finance Act, 2016 comes into force from the 1st
of June, 2016The notification also provides for date of effectivity of equalisation levy,
the statement of specified services, notice of demand and the relevant forms. . The
relevant rules and forms in this regard have been notified vide Notification No.37 &
38 dated 27th May, 2016.






        These   notifications are      available    on    the    departmental    website
http://www.incometaxindia.gov.in .



                                                               (Meenakshi J Goswami)
                                                         Commissioner of Income Tax
                                                         (Media and Technical Policy)
                                                         Official Spokesperson, CBDT

Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting