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e-campaign on voluntary Income Tax compliance for FY 2018-19
CBDT starts 11-day e-campaign on voluntary compliance of Income Tax for FY 2018-19 from 20 July 2020CBDT vide a recent press release dated 18th July 2020 embarked e-campaign on voluntary compliance of...
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E-Campaign for Voluntary Income Tax Compliance : CBDT
The income-tax department will start a 11-day e-campaign starting July 20, 2020, for voluntary tax compliance aimed at such assesses who are either non-filers or have discrepancies/deficiency in their...
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Relaxation in the time-limit in the deadline to file ITR
In its notification on July 13, the Income Tax Department has allowed one-time relaxation to the taxpayers for such one- time relaxation for the taxpayers under the verification of tax-returns that ar...
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Income Tax search & survey operations in Rajasthan, Delhi & Mumbai
Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct Taxes PRESS RELEASENew Delhi, 13th July, 2020Income Tax Department carries out search and survey operations in Rajast...
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Extended due dates by CBDT
CBDT has extended the due dates vide Notification No.35 /2020/ F. No. 370142/23/2020-TPL dated 24.06.2020Crux :-1) ITR for FY 2018-19 = 31st July 20202) ITR for FY 2019-20 = 30th Nov 20203) Tax Audit...
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CBDT prioritise Vivad Se Vishwas Scheme case of demand & Refund
CBDT desires that all the work related to cleaning up of the tax demands and calculating the tax payable or refundable in respect of all eligible assesses under Vivad Se Vishwas Scheme is taken up on...
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CBDT directs all CIT(A) to dispose at least 80 appeals per month
CBDT directs all CIT (Appeal) that appeals are required to be disposed of through e-appeal proceedings by sending the communication through the e-filing portal and or through emails only. it directs t...
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Investigation Wing to handle all Tax Evasion Petitions: CBDT
To utilize the valuable information available to the department in the form of Tax Evasion Petitions (TEPs) and to prevent harassment of the taxpayers, Board has decided that they should be handled wi...
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Dispose all nil or lower deduction TDS/TCS applications by 31.08.2020
CBDT Chairman has instructed the department to Disposal of all pending applications as on 30.06.2020 for nil or lower deduction TDS/TCS certificates u/s 197 and 206C(9) by 31.08.2020 and dispose all F...
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Taxpayer opting Lower Tax Rate- Change of Income-Tax Rules
On 26th June, the Central Board of Direct Taxes (CBDT) has made certain changes in Income Tax Rules vide Notification No. 38/2020-Income Tax related to Perquisites & Allowances to Taxpayer opting Lowe...
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News report of Merger of CBIC & CBDT is factually incorrect
Ministry of FinanceGovernment has no proposal to merge two Boards created under the Central Boards of Revenue Act, 1963Posted On: 06 JUL 2020A news item has been published today in a leading newspaper...
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Income Tax Refund of Rs. 62.36 crore issued during Covid days
Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct TaxesNew Delhi, 3rd July, 2020PRESS RELEASEIncome Tax Department Refunded Rs. 62,361 crore to more than 20 lakhtaxpay...
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Ten Years Imprisonment with Fine to then ITO in A Bribery Case
Central Bureau of InvestigationPress ReleaseNew Delhi, 30.06.2020The Special Judge, CBI Cases, Dehradun (Uttarakhand) has sentenced Shri Amrish Kumar Singh, then Income Tax Officer, Khatima, District...
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NIL Form GSTR-1 filing via SMS from 1st week of July 2020
NIL statement in Form GSTR-1 can now be filled via SMS from the 1st week of July 2020NIL statement in Form GSTR-1 can now be filled via SMS from the 1st week of July 2020. Previously on 8th June, a si...
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CCI approves acquisition of 9.99% stake in Reliance Jio by Jaadhu Holdings LLC
Ministry of Corporate AffairsCCI approves acquisition of 9.99% stake in Jio Platforms by Jaadhu Holdings LLCPosted On: 24 JUN 2020The Competition Commission of India (CCI) approves acquisition of 9.99...
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Govt Extends due dates under Income Tax Law & Benami laws
Vide Income Tax Notification No. 35/2020 dated 24.06.2020 govt extends Due date for ITR for FY 2018-19 upto 31.07.2020, Last date for investments to be eligible for deduction under Chapter VI-A i.e. 8...
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CBDT amends rule 31A and form no. 26Q from 3rd July 2020
CBDT vide Notification No. 43/2020 dated 3rd July, 2020 Mandates providing of certain information relating to cash withdrawals under section 194N in form no. 26Q. CBDT also mandates that details of in...
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Rule 11UAD- Prescribed class of persons for section 50CA
New Income TAx Rule 11UD- Prescribed class of persons for the purpose of section 50CA i.e to whom provisions of section 50CA shall not apply to transfer of any movable property, being unquoted shares,...
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CBDT notifies Investment Funds to which Section 9A not applicable
Notification No. 41/2020-Income Tax- Conditions specified in clauses (e), (f) and (g) of Section 9A(3) shall not apply in case of an investment fund set up by a Category-I foreign portfolio investor r...
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CORRIGENDUM to Income Tax Notification No. 35/2020
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)CORRIGENDUM Notification No 39/2020New Delhi, the 29th June, 2020TAXATION AND OTHER LAWSS.O. 2126(E).—In the notification of th...