Due Date Chart of Income Tax Compliance
Due to COVID-19 pandemic and challenges faced by taxpayers, the Government has extended dates for direct taxes. Chart of Original Due dates...
Income Tax
Sovereign Wealth Fund notified | Section 10(23FE) | Income Tax
Circular No. 15 of 2020 F No 370142/26/2020-TPL Government 0 f India Ministry of Finance Department of Revenue Central Board...
CBDT issues Clarification on Notification Issued under erstwhile Section 194N
CBDT vide Circular No. 14/2020 dated 20.07.2020 clarified that clause (v) of proviso to section 194N had empowered the Central...
New Form 26AS is the Faceless hand-holding of the Taxpayers
Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 18th July, 2020 PRESS...
Cash Transaction Reports Sharing between CBDT & FIU-IND
Order under section 138(1)(a) of the Income-tax Act, 1961 for sharing of Information between CBDT and FIU-IND for effective processing...
CBDT gives utility to banks, Post offices to ascertain TDS rates on cash withdrawals
CBDT provides Utility with new functionality for Banks & Post offices to ascertain the TDS applicability rates on cash withdrawal...
CBDT allows one-time relaxation for e-filed ITR verification of last 5 Years (A.Y. 2015-16 to 2019-20)
One-time relaxation for Verification of tax-returns for the Assessment years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due...
Infrastructure sub-sectors business – section 10(23FE) exemption
CBDT specifies business, for the purposes of section 10(23FE)(iii)(b), to be the business which is engaged in the infrastructure sub-sectors...
Rule 11UAD of Income Tax Rule 1962: Prescribed class of persons for the purpose of section 50CA
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 30th June, 2020 G.S.R. 423(E).—In...
Due date for filing ITR for F.Y 2018-19, TDS/TCS (Q-4), Chapter VI-A deduction has been extended to 31st July, 2020
CBDT has issued a notification today further extending few of the time limits of compliances under Taxation & Other Laws...