Direct Tax Update

 1.Circular No. 8/2018 : Explanatory Notes to the provisions of Finance Act, 2018

 2. Circular No. 9/2018 : Extending the due date for furnishing of Report under Section 286(4) of Income Tax Act, 1961 for more Details please refer the below mentioned link:https://tinyurl.com/yb9syvhw

3.Notification No. 88/2018/ F. No. 370142/17/2018-TPL / GSR 1217(E) : Amendment of the Income-tax Rules, 1962 to provide the time limit for furnishing of report by constituent entity of an international group, resident in India, under sub-section (4) of section 286 of the Income-tax Act, 1961: For more details please refer below mentioned link :https://tinyurl.com/y9r9qf56