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CBDT chairman gets one year extension of term
No.18/60/2016-EO(SM.11)Government of IndiaMinistry of Personnel, Public Grievances & PensionsDepartment of Personnel & TrainingSecretariat of the Appointments Committee of the CabinetNorth Block, New...
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Clarifications on filling-of ITR forms for Assessment Year 2019-20
Circular No. 21 of 2019F.No. 370142/1/2019-TPL (Pt.-1)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)***Dated: 27th August, 2019Clarifications in...
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Application of MLI to Tax Treaty between Japan and India
The MLI enters into force for Japan on January 1, 2019, and for India on October 1, 2019.Based on the reservations and notifications submitted by Japan on September 26, 2018 and by India on June 25, 2...
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Transfer/Postings (Local Changes) of 35 Additional/ Joint CIT
Order No. 184 of 2019- Transfer/Postings (Local Changes) of the officers in the grade of Additional/ Joint Commissioner of Income Tax-reg. F.No. A-22012/1/2019-Ad-VIGovernment of IndiaMinistry of Fina...
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Govt withdraws enhanced surcharge on tax payable on transfer of certain assets
In order to encourage investment in the capital market, it has been decided to withdraw the enhanced surcharge levied by Finance (No. 2) Act, 2019 on tax payable at special rate on income arising from...
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CBDT issues clarification on eligibility of small Start-ups to avail tax holiday
The Central Board of Direct Taxes (CBDT) has clarified today that small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the In...
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Treatment of Farm-in expenditure incurred by Oil E&P Companies
Circular No. 20/2019Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, dated 19th August, 2019Subject: – Clarification regarding treatment of Farm-in ex...
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Selection grade (NFSG) to 52 officers in the grade of JCIT
Notification No. 03 of 2019 Dated 19th August 2019- Selection grade (NFSG) to the 52 officers in the grade of Joint Commissioner of Income Tax.Government of IndiaMinistry of FinanceDepartment of Reven...
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DGGI (HQs) arrests two in cases of fraudulent IGST refund claims
Two Arrests have been made by the Directorate General of GST Intelligence (HQs) in cases of fraudulent IGST refund claims here, today. As per the statement of the DGGI (HQs), the action was taken on r...
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457 transfers /postings in ADIT/JCIT grade
F.No. A-22012/1/2019-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 14.08.2019Office Order No. 171 of 2019The foll...
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DIN mandatory for all Income Tax Notices etc wef 01.10.2019
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 14th August, 2019PRESS RELEASE CBDT takes further steps to ensure transparency in Tax Administration...
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Govt notifies Multilateral Convention to implement Measures to Prevent BEPS
MINISTRY OF FINANCE(Department of Revenue)(INCOME TAX)Notification No. 57/20019New Delhi, the 9th August, 2019S.O. 2887(E).—Whereas the Multilateral Convention to Implement Tax Treaty related Measures...
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CBDT removes bugs in ITR-6 and ITR-7 utilities
ITR-6 & ITR-7 utilities are modified to fix bugs identified while filling Schedule FSI and TDS. These issue fixes has no impact on XML schema which remains same and for those taxpayers where these sch...
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CSR expenditure to be made tax deductible expenditure- HLC Recommends
High Level Committee on CSR recommends CSR expenditure to be made tax deductible expenditureShri Injeti Srinivas, Secretary (Corporate Affairs), today presented the Report of the High Level Committee...
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Govt to take measures to ensure that honest taxpayers are not harassed: PM
Hon;ble Prime Minister Narendra Modi has recently given Interview to Economic Times on Various Issues related to Economy and Taxation. Honorable Union Finance Minister Nirmala Sitharaman has posted so...
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Angel Tax relaxation to Startups even if addition was made before 19.02.2019
F.No.173/354/2019-ITA-1Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes*****New Delhi, 9th August, 2019To,All Principal Chief Commissioners of Income-taxAll Pri...
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Govt notifies Part I, IV, VI & VII of Chapter VI of Finance Act, 2019
Government hereby appoints the 9th day of August, 2019, as the date on which the provisions of Part I, IV, VI & VII of Chapter VI of the Finance (No. 2) Act, 2019 (23 of 2019), shall come into force.P...
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Govt repeals 58 Act and amends 2 Acts (Amends section 54GA of Income Tax Act, 1961)
MINISTRY OF LAW AND JUSTICE(Legislative Department)New Delhi, the 8th August, 2019The following Act of Parliament received the assent of the President on the 8th August, 2019, and is hereby published...
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19 FAQs on filling of ITR forms for Assessment Year 2019-20
Circular No. 18 of 2019F.No. 370142/1/2019-TPL (Pt-1)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)***Dated: 8th August, 2019Clarification in re...
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CBDT Enhances Monetary limits for filing of Income Tax appeals
Circular No. 17/2019F. No. 279/Misc. 142/2007-ITJ(Pt.)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesJudicial SectionNew Delhi, 8th August 2019Subject: – Further...