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Registration for EPFO & ESIC for new Companies on MCA Portal only
Registration for EPFO & ESIC for new Public and Private Limited Companies and One Person Company has been stopped on Shram Suvidha Portal from 15.02.2020.With effect from 15.02.2020, new Public &a...
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Extension of ad-hoc appointments of 213 ACsIT
CBDT Extends ad-hoc appointments of the 213 Assistant Commissioners of Income Tax (ACsIT) Vide Office Order No. 46 of 2020 Dated 05th March, 2020.F.No.A-32013/5/2016-Ad.V1Government of IndiaMinistry o...
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Committee formed to look into existing Transfer/Placement Guidelines for IRS officers
Government of IndiaDirectorate of Income Tax (HRD)Central Board of Direct Taxes2nd Floor, Jawaharlal Nehru Stadium, Gate-1, New Delhi-110003F. No. HRD/AD/953/1/2019-20/8434Date: 03.03.2020ORDERWith th...
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Trust allowed to invest in Co. in which NPCI holds 51% shareholding
MINISTRY OF FINANCE(Department of Revenue)[CENTRAL BOARD OF DIRECT TAXES]NOTIFICATIONNew Delhi, the 5th March, 2020INCOME-TAXG.S.R. 159(E). –In exercise of the powers conferred by clause (xii) of sub-...
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CBDT notifies Transactions not regarded as transfer U/s. 47(viiab)(d)
CBDT notifies following securities for the purposes of sub-clause (d) of clause (viiab) of section 47 of the Income-tax Act, 1961(i) foreign currency denominated bond;(ii) unit of a Mutual Fund;(iii)...
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Direct Tax Vivad Se Vishwas Bill, 2020 passed by Lok Sabha
Direct Tax Vivad Se Vishwas Bill, 2020 was Introduced in Lok Sabha on 05th February 2020 and passed by Lok Sabha with Amendments on 04th March 2020.Direct Tax Vivad se Vishwas Bill, 2020- Introduced i...
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Issue clarification for Direct Tax Vivad se Vishwas Bill, 2020
Chartered Accountants Association, SuratRef: CAAS/Representations/2019-20/07 Date: 06-03-2020To,The Chairman,Central Board of Direct Taxes,Ministry of Finance.Government of India,New DelhiSub: Request...
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55 FAQs on Direct Tax Vivad se Vishwas Bill, 2020
Circular No. 7/2020F. No. IT(A)/1/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of. RevenueCentral Board of Direct Taxes****Dated: 4th March, 2020Sub.: Clarifications on provisions of the D...
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Important CBDT instructions on Issue of Section 147 & Section 133(6) Notice
DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,New Delhi — 110055F. No. System/ITBA/AIMS/2019-20/1942Date: 28.02,2020ToAll Principal Chief Commissioners of Inco...
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Income Tax Surveys unearths huge defaults in TDS deduction & deposit
Ministry of FinanceTDS Surveys by Income Tax Department unearths huge defaults in deduction and depositPosted On: 04 MAR 2020In a major breakthrough, the Tax Deducted at Source (TDS) wing of the Incom...
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Direct Tax Vivad Se Vishwas Bill, 2020 passed by Lok Sabha
Direct Tax Vivad Se Vishwas Bill, 2020 was Introduced in Lok Sabha on 05th February 2020 and passed by Lok Sabha with Amendments on 04th March 2020.Direct Tax Vivad se Vishwas Bill, 2020- Introduced i...
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Illegal gratification paid to public servants- Discovered in I-T Raid
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 2nd March, 2020PRESS RELEASEIncome Tax Department conducts search on a group of individuals, hawala d...
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Income Tax Search led to discovery of hidden cloud servers
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 29th February, 2020PRESS RELEASEIncome Tax Department conducts search on prominent metal processing a...
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Exemption Free Income Tax Regime
GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUELOK SABHAUNSTARRED QUESTION NO. 1650TO BE ANSWERED ON MONDAY, MARCH 2, 2020/PHALGUNA 12, 1941 (SAKA)EXEMPTION FREE INCOME TAX REGIME1650. DR....
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Govt designates Special Court for Black Money cases in Punjab & UT of Chandigarh
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(INVESTIGATION DIVISION-V)NOTIFICATION No. 13/2020-Income TaxNew Delhi, the 26th February, 2020S.O. 862(E).—In exercise of the...
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Four Years Rigorous Imprisonment To Then ITO In A Bribery Case
Central Bureau of InvestigationPress ReleaseNew Delhi, 25.02.2020The Special Judge, CBI Cases, Chandigarh has sentenced Shri Rakesh Jain, then Income Tax Officer, Ward No. 3(2), Chandigarh to undergo...
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Procedure for Selection of Best Officers in Income Tax department
F. No.275/33/2019-IT (B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesRoom No. 243-C, North Block,New Delhi,Dated 20th February, 2020To,All Pr. CCsITSubject:...
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Functionality for Demand Adjustment u/s 245 by AO in ITBA
ITBA- Assessment – Demand Adjustment by AO u/s 245 Instruction No.13DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,New Delhi — 110055F.No. System/ITBA/Instructi...
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Authority to condone delay in filing Form 9/Form 10 by Charitable Institutions
Circular No. 6/2020 – Condonation of delay u/s 119(2)(b) of the IT Act, 1961 in filing of Return of Income for AY 2016-17, 2017-18 and 2018-19 and Form No. 9A and Form No. 10 – reg.F.No.197/55/2018-IT...
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Steps to clear pendency of processing of Income Tax Returns transferred by CPC-ITR
Steps to clear the pendency of processing of Paper Returns or E-returns transferred by CPC-ITR due to verification of relief claimed u/s 90/90A or 91 of the Income Tax Act, 1961.ITBA-ITR Processing In...