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Govt introduces Taxation Law Amendment Bill in Lok Sabha
The outbreak of Novel Corona Virus (COVID-19) pandemic across many countries of the world, including India, has caused immense loss to lives of people and given rise to unprecedented humanitarian and...
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Section 10(47) L&T Infra Debt Fund notified as Infrastructure Debt Fund
CBDT notifies L&T Infra Debt Fund as Infrastructure Debt Fund under section 10(47) of Income Tax Act, 1961 for the assessment year 2018-2019 and subsequent years.MINISTRY OF FINANCE(Department of Reve...
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Section 10(46) exemption to District Mineral Foundation Trust
Notification No. 73/2020 Central Government notifies ‘District Mineral Foundation Trust’ constituted by Government in exercise of powers conferred under section 9(B) of the Mines and Minerals (Develop...
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CBT notifies undertaking of Softzone Tech Park Ltd as Industrial Park u/s 80IA
CBT notifies undertaking of Softzone Tech Park Ltd as industrial park under section 80IA of Income Tax Act, 1961 vide Notification No. 72/2020-Income Tax dated 8th September, 2020.MINISTRY OF FINANCE(...
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CBDT specifies Scheduled Commercial Banks for section 138(1)(a)(ii)
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 71/2020-Income TaxNew Delhi, the 31st August, 2020S.O. 2947(E).—In pursuance of sub-clause (ii) of clause (a)...
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Corrigendum to Income Tax Notification No. 65/2020 dated 13.08.2020
Corrigendum to Income Tax notification number 65/2020 dated 13.08.2020 issued vide Notification No. 70/2020-Income Tax, Dated: 27.08.2020MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIR...
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Corrigendum to Income Tax Notification No. 63/2020 dated 13.08.2020
issued vide Notification No. 69/2020-Income Tax, Dated: 27.08.2020MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)CORRIGENDUMNew Delhi, the 27th August, 2020(Income-tax)Notifi...
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Corrigendum to Income Tax Notification No. 62/2020 dated 13.08.2020
issued vide Notification No. 68/2020-Income Tax, Dated: 27.08.2020MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)CORRIGENDUMNew Delhi, the 27th August, 2020(Income-tax)Notifi...
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35,074 taxpayers opt for Vivad Se Vishwas Scheme
Ministry of Finance35,074 taxpayers opt for Vivad Se Vishwas SchemePosted On: 20 SEP 2020 2:05PM by PIB DelhiThe total number of taxpayers who have opted for the Direct Tax Vivad Se Vishwas Act since...
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10 Registration services deployed with Web-form SPICe+
Ministry of Corporate AffairsSPICe+ Portal deployed by MCAPosted On: 19 SEP 2020 8:20PM by PIB DelhiThe Ministry of Corporate Affairs (MCA) has notified and deployed a web-form namely ‘SPICe+’ (pronou...
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Scope of income and Residence in India | Section 5 & 6
Section 5- Scope of income – Income Tax Act, 19615. [1] the total income of any previous year of a person who is a resident includes all income from whatever source derived which—[a] is received or is...
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Income Tax Department carries out searches in Jammu & Kashmir
Ministry of FinancePosted On: 17 SEP 2020 1:10PM by PIB DelhiThe Income Tax Department carried out a search and seizure operation on a prominent Hotelier, owning a chain of Hotels at Srinagar, Gulmarg...
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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...