1. India has notified the Tax Information Exchange Agreements entered into with Isle of Man and The Bahamas.
2. The CBDT has come out with Circular No. 2 of 2011 which details the procedure for regulating refund of excess amount of TDS deducted and/or paid.
3. It is now mandatory for all stock exchanges to maintain and report monthly data to the Department vide notification 14 dated 9th March, 2011.
4. A new Directorate of Income Tax (Expenditure Budget) has been created under the CBDT by the President vide notification 15 dated 18th March, 2011.
5. The Indian Society of International Law, New Delhi has been exempt under section 35(1)(iii) of the Income Tax Act, 1961 vide notification 22 dated 28th April, 2011.
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