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Income Tax Department conducts searches in Bihar & UP
Ministry of FinancePosted On: 07 OCT 2020The Income Tax Department, on the basis of actionable intelligence received, conducted search and seizure actions on 06-10-2020 in Patna, Sasaram and Varanasi...
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TDS under Section 194O- CBDT issues Guidelines
Circular No. 17 of 2020F. No. 370133/22/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)****Dated: 29th September, 2020Sub.: Guidelines un...
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Implementing RFQ platform for Investments in Corporate Bonds / Commercial Papers
Insurance Regulatory and Development Authority of IndiaRef. No: IRDAI/F&I/CIR/INV/246/09/2020Date:25-09-2020CIRCULARImplementing RFQ platform for Investments in Corporate Bonds / Commercial Papers1. W...
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Roll-back provisions of TCS under section 206C(1H)
ZALAWAD FEDERATION OF TRADE & INDUSTRIESEfforts Towards Development &EmpowermentKishorsinh Zala – ChairmanKalpesh Makasana – Co-ChairmanKamlesh Raval – PresidentGhanshyam Savadhariya –Sr. Vice Preside...
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Summary of Performance Audit on Income tax Search & Seizure Assessments
Report No.14 of 2020 – Performance Audit on Search and Seizure Assessments in Income Tax Department, Union Government, Department of Revenue – Direct TaxesSearch and Seizure is a very powerful tool av...
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Highlights of Compliance Audit of provisions of Income Tax Act, 1961
Report No.11 of 2020 – Compliance Audit of Union Government, Department of Revenue – Direct TaxesThis Report primarily discuss compliance to the provisions of the Income Tax Act, 1961 and the associat...
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Govt to study award in Vodafone matter
Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct TaxesNew Delhi, 25th September, 2020PRESS RELEASE Note in the Vodafone Award matterFinance Ministry has said today th...
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Income Tax Department conducts search in Jharkhand & West Bengal
Ministry of FinancePosted On: 26 SEP 2020 The Income Tax Department has carried out search and survey operations on 25th September, 2020 at around 20 residential and business premises of a prominent g...
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CBDT notifies Income-tax Authorities of Regional Faceless Appeal Centres
Central Board of Direct Taxes (CBDT) notifies Income-tax Authorities of Regional Faceless Appeal Centres (RFAC) vide Notification No. 81/2020-Income Tax dated 25th September, 2020.Ministry Of Finance(...
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CBDT notifies Income-tax Authorities of National Faceless Appeal Centre
Central Board of Direct Taxes (CBDT) notify the Income-tax Authorities of National Faceless Appeal Centre (NFAC) vide Notification No. 80/2020-Income Tax dated 25th September, 2020.Ministry Of Finance...
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CBDT authorises ACIT/DCIT (NEAC) for issuing 143(2) Notice
CBDT authorises the Assistant Commissioner/Deputy Commissioner of Income-tax (National e-Assessment Centre) for the purpose of issuance of notice under sub section (2) of section 143 of the Income Act...
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Notification No. 78/2020-Income Tax, Dated: 25.09.2020
CBDT amends Notification No. 51/2014 dated 22nd October, 2014 vide Notification No. 78/2020-Income Tax dated 25th September, 2020 related to jurisdictions of Principal CITs & CCITs.MINISTRY OF FINANCE...
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Directions for Disposal of appeal under Faceless Appeal Scheme, 2020
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 77/2020-Income TaxNew Delhi, the 25th September, 2020S.O. 3297(E).—In exercise of the powers conferred by sub-...
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Faceless Appeal Scheme, 2020
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 76/2020-Income TaxNew Delhi, the 25th September, 2020(INCOME-TAX)S.O. 3296(E).—In exercise of the powers confe...
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The Institute of Teaching and Research in Ayurveda Act, 2020
MINISTRY OF LAW AND JUSTICE(Legislative Department)New Delhi, the 22nd September, 2020/Bhadra 31, 1942 (Saka)The following Act of Parliament received the assent of the President on the 21st September,...
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New Form No. 15C- Lower TDS Application by banking company or insurer
CBT notifies New FORM NO 15C under Income Tax Rulee 29B for Application by a banking company or insurer for a certificate under section 195(3) of the Income – tax Act, 1961, for receipt of interest an...
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Income Tax department issued survey guidelines
F No. 187/3/2020-ITA-IGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi – 110001Dated the is 18th September, 2020ORDERSubject: Order unde...
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Extend timeline for filing of Return, Tax & Transfer Pricing audit
A Request for taking up certain relief measures under Income Tax Act, 1961 in the backdrop of Covid-19 outbreak is been made which includes Extension of timelines for filing of returns under section 1...
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TCS- Section 206C(1H)- Request to Provide relief & Clarification
Request for granting relief from provisions of Tax Collection at Source (TCS) under section 206C(1H) of the Income Tax Act, 1961 which is applicable from 01.10.2020 by top 5 Organisation of Chartered...
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Code on Social Security, 2020
was introduced in Lok Sabha on 19th September 2020 vide Bill No. 121 of 2020 to withdraw the pending Code on Social Security, 2019 and to propose a fresh Bill, namely, the Code on Social Security, 202...