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Migration of OLTAS functions to Income Tax Business Application-Reg.
ITBA-OLTAS Instruction No. 1DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan ExtensionNew Delhi – 110055F.No Pr DGIT(S)/ADG(S)2/Sign ff-OLTAS ITBA/173/2017Dated: 07.08.2019...
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Launch of Income Tax Business Application– Refund Banker Module
ITBA- Refund Banker Instruction No.1DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan Extension,R – 110055, New Delhi — 110055F.No Pr DGIT(S)/ADG(S)2/Sign ff-OLTAS ITBA/173/...
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Processing of I.T. returns with refund beyond prescribed time limits in non-scrutiny cases
F. No.225/194/2019/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, the 5th August, 2019Order under section 119 of the Income-tax Act,1961Subj...
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Insolvency and Bankruptcy Board of India
CBDT reduces tax collection targets by Rs. 45K crore for FY 2019-20 F.No. 380/03/2019-IT(B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New Delh...
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CBDT notifies Bangalore Water Supply and Sewerage Board for exemption U/s. 10(46)
of Income Tax Act, 1961 vide Notification No. 56/2019 dated 2nd August, 2019.MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 56/2019New Delhi, the 2nd August,...
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Right to Information (Amendment) Act, 2019
MINISTRY OF LAW AND JUSTICE(Legislative Department)New Delhi, the 1st August, 2019/Shravana 10, 1941 (Saka)The following Act of Parliament received the assent of the President on the 1st August, 2019,...
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President Assents Finance (No. 2) Act, 2019
MINISTRY OF LAW AND JUSTICE(Legislative Department)New Delhi, the 1st August, 2019The following Act of Parliament received the assent of the President on the 1st August, 2019, and is hereby published...
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Income Tax Search on a prominent Real Estate Group in Mumbai
Ministry of FinanceSearch on a prominent Real Estate Group in MumbaiPosted On: 02 AUG 2019 6:33PM by PIB DelhiThe Income Tax Department conducted Search and Seizure operation on 29.07.2019 on a promin...
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Income tax department Launches lighter version of e-Filing portal
Income tax department is launching ‘e-Filing Lite’, a lighter version of e-Filing portal with a focus on filing of Income Tax Return (ITR) by the taxpayers. The same can be accessed by clicking ‘e-Fil...
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Extension of timeline for completion of assessments in OCM cases
F.No.225/363/2017-ITA-11Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Tax**********************New Delhi, 26th July , 2019ToAll Principal Chief-Commissioners of In...
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Banning of Unregulated Deposit Schemes Bill, 2019 Passed by Lok Sabha
AS PASSED BY LOK SABHAON 24.07.2019Bill No. 182-C of 2019THE BANNING OF UNREGULATED DEPOSIT SCHEMES BILL, 2019——————ARRANGEMENT OF CLAUSES——————CHAPTER IPRELIMINARYCLAUSES1. Short title, extent and co...
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CBDT Taxalogue Magazine Jul – Oct 19 | Volume 1 | Issue 1
Building a network to share and discussGeneral InformationPatron :- Sh. Prasana Kumar Dash, Member (Audit & Judicial), CBDTEditor-In-Chief :- Sh. Krishna Mohan Prasad, Pr. DGIT (Legal & Research), Dte...
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Finance Minister asks Tax officers to deal firmly with Tax evaders
Ministry of FinanceFinance Minister exhorted Income Tax officers to be prompt in redressing the grievances of the tax payers Finance Minister asks Tax officers to deal firmly with Tax evaders Income T...
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CBDT Chairman’s message on 159th Income Tax Day
GOVERNMENT OF INDIAMinistry of Finance/Department of RevenueCentral Board of Direct TaxesNorth Block, New Delhi – 110001E-mail : chairmancbdt@nic.inTele : 23092648 & Telefax : 23092544MESSAGE Dear Mem...
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Interest to be levied only on net cash liability of GST
Recently, section 50 of Central goods and services tax act was amended to provide that interest will now be charged on only that portion of the GST liability which is paid by debiting the electronic c...
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Due date extension without making GST Form CMP-08 available
Confederation Of GST Professionals And Industries, Mumbai has written a letter on 19.7.2019 to Hon’ble Finance Minister and requested that request that the GST forms should be made available first and...
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Issues faced by assessees in resolution of grievances in ITBA system
District Taxation Bar Association, Ludhiana has made a representation to CBDT on Issues faced by the assessees w.r.t. resolution of grievances in ITBA system. Relevant Text of the representation is as...
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CBDT extends ITR due date to 31st August 2019
The due date for filing of Income Tax Returns for Assessment Year 2019-20 is 31.07.2019 for certain categories of taxpayers. Upon consideration of the matter, the Central Board of Direct Taxes(CBDT) e...
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ITR-2 & ITR-5 utilities are modified to fix bugs: CBDT
ITR-2 & ITR-5 utilities are modified to fix bugs identified while filling Schedule FA in ITR-2 (Java utility), Partners information is ITR-5 (Java utility) and Part A-General answer to Investment Fund...
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Mauritius Leaks again revealed devastating impact of tax avoidance
ICRICTIndependent Commission for the Reformof International Corporate TaxationPRESS RELEASE23 July 2019The Mauritius Leaks have once again revealed the devastating impact oftax avoidance. ICRICT calls...