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Revised Consolidated Guidelines of Ministry of Home Affairs
Ministry of Information & BroadcastingRevised Consolidated Guidelines of Ministry of Home AffairsPrime Minister Shri Narendra Modi, in his address to the Nation on April 14, 2020, declared that the lo...
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Tax Rate Option exercise by Employee for TDS on Salary & by Business
Circular C1 of 2020F. No. 370142/13/2020-TP1,Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, April 13, 2020Clarification in respect of option under s...
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Short deduction of TDS/TCS due to increase in rates of surcharge
Circular No. 8/2020-Income TaxF. No. 370133/5/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)Room No. 147B-II, North Block, New DelhiDate...
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Media should not publish news based on unconfirmed matters: Ministry of Railways
Ministry of RailwaysPublication of media reports on travel protocol etc of trains passengers on resumption of train services : Advisory for MediaPosted On: 10 APR 2020During the last two days, there h...
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CBDT clarifies on Certificates for lower rate/nil TDS/TCS certificate
Order under 119 of The Income Tax Act, 1961 on issue of certificates for lower rate/nil deduction/collection of TDS or TCS under Section 195, 197 and 206C(9).F.No. 275/25/2029- IT( B)Government of Ind...
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CBDT allows donations to PM cares fund through form 16
Notification by CBDT to allow donations to PM cares fund through employer to be allowed through form 16 when contributions made to the Fund are in the form of a consolidated payment.F. No. 178/7/2020-...
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Immediate clearance of Pending GST, Custom & Income Tax refunds
Ministry of FinanceIT Department to release all pending income tax refunds up to Rs 5 lakhs immediately ; Around 14 lakh taxpayers to benefitAll GST & CUSTOM refunds also to be released ; to provide b...
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ITAT holds Video Conference on ‘Direct Tax Vivad Se Vishwas’
Income Tax Appellate Tribunal holds All India Video Conference on ‘The Direct Tax Vivad Se Vishwas Act, 2020’ITAT President Justice P.P. Bhatt encourages stakeholders to avail the Scheme so as reduce...
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Lower or nil deduction of TDS/TCS & Submission of Forms 15G & 15H
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 04th April, 2020PRESS RELEASECBDT issues orders u/s 119 of IT Act,1961 to mitigate hardships to taxp...
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Form 15G & 15H submitted for FY 2019-20 would be valid up to 30.06.2020
To mitigate the hardships of small taxpayers, it has been decided that if a person had submitted valid Forms 15G and 15H to the Banks or other institutions for F.Y. 2019-20, then these Forms would be...
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Lower/nil rate of TDS/TCS applications to be disposed liberally by 27.04.2020
In case of pending applications for lower/nil rate of TDS/TCS for F.Y. 2019-20, the Assessing Officers have been directed to dispose off the applications through a liberal procedure by 27.04.2020, so...
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COVID-19 lockdown- ITAT begins regular interactive sessions
The Income Tax Appellate Tribunal (ITAT) has commenced today a series of Video Conferences involving regular interactive sessions to productively utilise the time available during the 21-day lockdown...
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Donation to PM CARES Fund to be fully exempt under section 80G
The finance minister, Nirmala Sitharaman, at a press conference dated 24th March 2020 has announced that taxpayers can complete their tax-saving exercise and statutory compliances for FY 2019-20 till...
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Certificates for lower rate/nil deduction/collection of TDS or TCS- Reg.
CBDT Order on issue of certificates for lower rate/nil deduction/collection of TDS or TCS under Section 195, 197 and 206C (9) when Assesee was given such certificate for Financial year 2019-20 and whe...
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Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020
Govt notified Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 on 31st March 2020 to give effect to Various Direct/Indirect Tax and Statutory Compliance relaxation announced...
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FM relaxes Tax & Regulatory Compliance in view of COVID-19 outbreak
Ministry of FinanceFinance Minister announces several relief measures relating to Statutory and Regulatory compliance matters across Sectors in view of COVID-19 outbreakPosted On: 24 MAR 2020The Union...
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Strict action against those forcing healthcare personnel to vacate their rented residences
GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHIHEALTH AND FAMILY WELFARE DEPARTMENT9TH LEVEL, A-WING, DELHI SECRETARIAT, IP ESTATE, NEW DELHI – 110 002PH: 011-23392017; FAX: 011-23392464; e-mail: ps...
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Revised Targets for Direct Taxes collection for FY 2019-20; Reduced by 1.65 Lakh Crore
F. No. 380/03/2019-IT (B)Government of IndiaMinistry of FinanceDepartment of Revenue.Central Board of Direct TaxesNorth Block, New Delhi30th March, 2020To,All Principal Chief Commissioners of Income T...
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Advance to EPF members in crisis situation emerging due to COVID-19 pandemic
The Covid-19 has been declared a Pandemic by Government of India for the entire country and therefore the members of the EPF have become eligible for the benefits of non-refundable advance under the s...
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Download Finance Bill 2020 as passed by Lok Sabha
Lok Sabha passed the Finance Bill 2020 on 23rd March 2020 without discussing the Various Changes Proposed subsequent to Introduction of Finance Bill 2020 in Lok Sabha on 1st February 2020. Also Read-L...