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New Form 26AS is the Faceless hand-holding of Taxpayers
Ministry of FinanceNew Form 26AS is the Faceless hand-holding of the TaxpayersPosted On: 18 JUL 2020 1:37PM by PIB DelhiThe new Form 26AS is the faceless hand-holding of the taxpayers to e-file their...
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CBDT to start Voluntary Income Tax Return Compliance campaign
Ministry of FinanceCBDT to start e-campaign on Voluntary Compliance of Income Tax for FY 2018-19 from 20th July, 2020Posted On: 18 JUL 2020 6:23PM by PIB DelhiThe Income Tax Department is all set to s...
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CBDT refunded Rs. 71,229 crore to taxpayers during COVID-19
Ministry of FinanceCBDT has refunded Rs. 71,229 crore so far to help taxpayers during COVID-19 pandemicPosted On: 17 JUL 2020The Central Board of Direct Taxes (CBDT) has issued refunds worth Rs 71,229...
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CBDT provides Utility to ascertain TDS Applicability Rates on Cash Withdrawals
Ministry of FinancePosted On: 12 JUL 2020The Income Tax Department has facilitated a new functionality for Banks and Post offices through which they can ascertain the TDS applicability rates on cash w...
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SEBI signs MoU with CBDT to share Data with each other
Securities and Exchange Broad of IndiaPress Release No. 38/2020SEBI signs MoU with CBDTSecurities and Exchange Board of India (SEBI) signed a Memorandum of Understanding (MoU) with Central Board of Di...
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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 of Cash Transaction ReportsF.No.225/349/2019/ITA.IIGovernment of...
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Section 138 Order for sharing information with Ministry of MSME
F.No. 225/115/2020/IT A.IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, the 14th July,2020OrderIn exercise of powers conferred under section 138(I)...
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Setting up of Turant Suvidha Kendra (TSK) for faceless assessment-reg
OFFICE OF THE COMMISSIONER OF CUSTOMS, NS-IIIJNCH, SHEVA, URAN, DISTT.RAIGAD,MAHARASHTRA – 400707F. No. S/V-30-Misc- 1 03/2020/NS-III/JNCHDate: 14.07.2020STANDING ORDER- 18 /2020Sub: Setting up of the...
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Extension of Time for processing of ITR with Refund claim for AY 2017-18
CBDT Extends Time Limit for processing of Income Tax Return with Income Tax Refund Claims u/s 143(1) for AY 2017-18 in Non scrutiny cases till 31.10.2020.F. No.225/98/2020/ITA-IIGovernment of IndiaMin...
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DGGI detected GST evasion by grain-based distilleries
Ministry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & CustomsNorth Block, New Delhi-110 001Tel. No. +91-11-23092849, Fax No. +91-11-23092890E-mail: ajit.m@gov.inD.O. No. 23/CH(IC)/...
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CBDT clarifies on Validly of section 194N exemptions
Circular no. 14/2020F.No. 370142/27/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)****Room no. 147B-II, North Block,New Delhi,Dated 20th...
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One-time Relaxation for Verification of Last 5 years “E-filed” Income Tax Returns
CBDT has noticed that a large number of electronically filed ITRs were pending for processing with IT Department because of non-furnishing of a valid ITR-V at CPC, Bengaluru from concerned taxpayers....
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Section 10(46) exemption to Tamil Nadu e-Governance Agency
Notification No. 50/2020- Central Government notifies ‘Tamil Nadu e-Governance Agency in respect of the specified income arising to the board under section 10(46) of Income Tax Act, 1961.MINISTRY OF F...
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Section 10(46) exemption to Real Estate Regulatory Authority, Bihar
Notification No. 49/2020- Central Government notifies Real Estate Regulatory Authority, Bihar in respect of the specified income arising to the board under section 10(46) of Income Tax Act, 1961.MINIS...
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Govt specifies MSME authority for disclosure of assessee information u/s 138
Govt specifies Additional Secretary and Development Commissioner, Ministry of MSME as authority for disclosure of assessee information under section 138 of Income Tax Act, 1961 vide Notification No. 4...
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Section 10(46) exemption to RERA Authorities of Goa & Telangana
Notification No. 47/2020- Central Government notifies Goa Real Estate Regulatory Authority and Telangana State Real Estate Regulatory Authority in respect of the specified income arising to that board...
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Section 10(46) exemption to National Aviation Security Fee Trust
Notification No. 46/2020- Central Government notifies ‘National Aviation Security Fee Trust’ in respect of the specified income arising to that board under section 10(46) of Income Tax Act, 1961.MINIS...
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National Pension Scheme Tier II-Tax Saver Scheme 2020
CBDT notified vide Notification No. 45/2020-Income Tax dated 07th July, 2020 that Tax benefit of Section 80C will be available to the Government employee if, they contributes towards Tier-II of NPS. B...
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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 mentioned in Updated Harmonised Master List of Infrastructu...
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Income Tax Due dates falling on 31st July 2020
Every year July end due dates have one thing in common and that is ITR filing for the taxpayers whose accounts are not required to be audited. But this time around we are all locked up in our homes du...