Income Tax Circulars 2016 issued by CBDT

List of Income Tax Circulars 2016 issued by CBDT

List of Income Tax (IT) Circulars 2016 issued by the Central Board of Direct Taxes (CBDT) for amendments in the provisions under the Income Tax Act/ Rules (download pdf copy):

Income Tax Circulars (2017)

IT Circular No./ Date/ Description 
IT Circular 42/2016 dt. 23 Dec. : CBDT issues Clarifications/ 8 FAQs on ‘Direct Tax Dispute Resolution Scheme, 2016’ (Part-2).
IT Circular 41/2016 dt. 21 Dec. : CBDT clarifies various issues by way of 19 FAQs, regarding the provisions on ‘Indirect Transfer’ under the Income Tax Act, 1961, based on recommendations of a Working Group constituted to examine such issues
IT Circular 33/2016 dt. 12 Sept. : CBDT issues Clarifications/ 14 FAQs on ‘Direct Tax Dispute Resolution Scheme, 2016’ (Part-1).
IT Circular 30/2016 dt. 26 Aug. : CBDT streamlines the process for ‘Port Clearance/ No Objection Certificates and Voyage Return/ Assessment’ in the case of Foreign Shipping Companies.
IT Circular 27/2016 dt. 26 May : CBDT’s Explanatory Notes on provisions of the PMGKY Scheme, 2016.
IT Circular 20/2016 dt. 26 May : CBDT extends due date for e-Filing of appeals from 15 May 2016 to 15 June 2016.
IT Circular 11/2016 dt. 26 April :CBDT clarifies that TDS deposited in excess under Section 195 has to be refunded with interest under section 244A of the Act, from the date of payment of such tax.
IT Circular 1/2016 dt. 15 Feb. : CBDT has clarified that the term ‘initial assessment year’ would mean the first year opted for by the assessee for claiming deduction u/s 80IA. However, the total number of years for claiming deduction should not transgress the prescribed slab of fifteen or twenty years, as the case may be and the period of claim should be availed in continuity.

For Official copy of the CBDT’s Income Tax Circulars 2016, please visit the Source website:

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