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Compulsory Complete Income Tax Scrutiny Guidelines during FY 2020-21
F.No.225/126/2020/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes (ITA-II division)North Block, New Delhi, the 17th September, 2020ToAll Pr. Chief-Commis...
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Measures taken by Government to reform Direct Tax regime
Ministry of FinancePosted On: 14 SEP 2020 5:36PM by PIB DelhiOver the last few years, in order to provide a non-intrusive and non-adversarial tax ecosystem, the Government has taken various measures t...
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Measures to promote growth, investment and create new employment opportunities through amendments in the Income Tax Act 1961
Ministry of FinancePosted On: 14 SEP 2020 5:37PM by PIB DelhiIn September 2019, the Government announced several measures to promote growth, investment and create new employment opportunities through...
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Transfer/postings of 164 officers in the grade of Principal CIT
F.No. A-22011/5/2020-Ad-VI Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 11.09.2020Office Order No. 171 of 2020Consequ...
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Transfer/postings of 41 officers in the grade of Chief CIT
F.No. A-22011/4/2020-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 11.09.2020Office Order No. 170 of 2020Conseque...
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Transfer/postings of 6 officers in the grade of Pr. CIT
F.No. A-22011/3/2020-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 11.09.2020Office Order No. 169 of 2020On promo...
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Role of Govt and its Agencies in Corporate Insolvency Resolution & Liquidation Processes
Insolvency and Bankruptcy Board of India7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001Facilitation/004/202012th September, 2020ToAll Registered Insolvency ProfessionalsAll Registered Insol...
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Report Misuse of your Income Tax e-Filing account
Report Account MisuseIf you think your e-Filing account may have been compromised or accessed in an unauthorized manner, then you may be a victim of cybercrime. Please report the incident to the conce...
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Extend due date of filing ITR, Tax Audit/Transfer Pricing Report
Request for extension of due date of filing Return of Income (ITR), Tax Audit Report and Transfer Pricing Report for the Assessment Year 2020-21 by Chamber of Commerce and Industry.Dated- 08/09/2020Mr...
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Ombudsman under NPS & Atal Pension Yojana
National Pension System Trust (NPS Trust)No. 1/6/2014/NPSTNol-XIIIOmbudsman under National Pension System (NPS)and Atal Pension Yojana (APY)Pension Fund Regulatory and Development Authority (PFRDA) ha...
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Request for Extension of Date of Filing of ITR & Audit Report
National Association of Tax Professionals (Haryana Chapter) submitted a representation to The Central Board of Direct Taxes requested for Extension of Date of Filling of ITR and Audit Report.From:Nati...
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Representation for relaxation from levy of Section 234A interest
C.V.O. CHARTERED & COST ACCOUNTANTS’ ASSOCIATION Dated: 6th August, 2020ToShri Pramod Chandra Mody,ChairmanCentral Board of Direct TaxNorth Block,New DelhiEmail – chairmancbdt@nic.inRespected Sir,Subj...
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Suggestion /representation on 7 Important Direct Tax Issues
C.V.O. Chartered & Cost Accountants’ AssociationDate: 25th August, 2020To,Shri Pramod Chandra Mody,Chairman,Central Board of Direct Tax,North Block,New DelhiEmail – chairmancbdt@nic.inRespected Sir,Su...
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Extend due date of filing Income Tax Returns & Tax Audit Report
All India Federation of Tax PractitionersDirect Tax Representation Committee(An Association of Advocates, Chartered Accountants and Tax Practitioners of India)Date: 04.09.2020Hon’ble Smt. Nirmala Sith...
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Income Tax Department carries out searches in Srinagar & Kupwara
Ministry of FinancePosted On: 02 SEP 2020The Income Tax Department has carried out simultaneous search and seizure operations on 2nd September, 2020 in the case of three prominent businessmen in Srina...
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ITR Filing Compliance Check Functionality for Scheduled Commercial Banks
Ministry of FinanceCBDT provides ITR Filing Compliance Check Functionality for Scheduled Commercial BanksPosted On: 02 SEP 2020Central Board of Direct Taxes in exercise of powers conferred under secti...
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Faceless E-Assessment Scheme is a vaccine for direct tax administration
Ministry of FinanceFaceless –E-Assessment Scheme will provide Ease of Doing Business to taxpayers: Principal Chief Commissioner (Income Tax), MumbaiFaceless E-Assessment Scheme is a ‘vaccine’ for dire...
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Opportunity to taxpayers before finalizing of Assessment
Ministry of FinanceProviding Ease of Tax Compliance and Opportunity to taxpayers before finalizing of Assessment Order are the core features of Faceless Assessment Scheme, a right step towards Minimum...
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Faceless Tax Assessment System is designed for 21st century
Ministry of FinanceA National e-Assessment Centre will be set up to implement Faceless Assessment: Principal Chief Commissioner of Income Tax, MumbaiMumbai, 26 August 2020A National e-Assessment Centr...
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Valuers registered with IBBI under MCA Rules can only be appointed as IP
The DC further finds that despite the IBBI Circular No. IBBI Circular IBBI/RV/019/2018 dated 17th October 2018 (which came into effect from 1st February 2019) which clearly states that no person other...