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Income Tax

Income Tax Circular No.24/2017 dated 25/07/2017

Subject : Clarifications on computation of book profit for the purposes of levy of Minimum Alternate Tax (MAT) under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies.

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Income Tax Circular No.23/2017 dated 19/7/2017

Subject : Modification of Circular No.1 of 2014 in view of substitution of Service Tax by Goods and Services Tax (GST).

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Income Tax Instruction No.5/2017 dated 07/07/2017

Subject : Guidelines for selection of cases for scrutiny during the Financial-Year 2017-2018.

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Income Tax Notification No.61/2017 dated 12/07/2017

Subject : Income-tax Rules, 1962 amended (20th Amendment of 2017).

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Income Tax Notification No.60/2017 dated 06/07/2017

Subject : Corrigendum to Notification No.58/2017, dated 3/7/2017 regarding Income-tax (18th Amendment) Rules 2017.

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