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Income Tax Refund and Return filed during last 3 Financial Years
The level of income-tax compliance has continuously increased over the last three Financial Years, which is reflected in the number of Income-Tax Returns filed over this period, as given hereunder: –S...
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CBDT denies charges of angel Tax Recovery from Travel Khana
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 8th February, 2019PRESS RELEASENote on Recovery of Tax in the case of Travel KhanaIt has come to the...
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Five Years jail to then ADIT for Accepting Bribe of Rs. One Lakh
Five Years Rigorous Imprisonment To Then Assistant Director Of Income Tax And A Private Person For Accepting Bribe Of Rs. One LakhThe Special Judge, CBI Cases, Dhanbad (Jharkhand) has sentenced Sh. Sw...
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Order 22/2019: Promotion of 542 officers in JCIT grade in Level 12
Promotion of the 542 officers in the grade of Joint Commissioner of Income Tax in Level 12 vide Office Order 22 of 2019 Dated 6th February, 2019.F. No. A-32012/4/2017-Ad.VIGovernment of IndiaMinistry...
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Monetary limits for filing/withdrawal of Wealth Tax appeals by dept.
Circular No. 5/2019F. No. 279/Misc/M-84/2018-ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesJudicial SectionNew Delhi, 5th February 2019Subject:- Monetary limi...
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Cabinet Approves Abolition of Institution of Income-Tax & Indirect Tax Ombudsman
Cabinet Approves Abolition of Institution of Income-Tax Ombudsman and Indirect Tax OmbudsmanThe Union Cabinet chaired by Prime Minister Narendra Modi has approved the proposal for Abolition of Institu...
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Effect of Angel Tax on Indian Startup Ecosystem
The Government of India has continuously engaged with all stakeholders to address relevant issues related to the Indian Startup eco-system.The Department for Promotion of Industry and Internal Trade (...
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Cabinet approves amendments to Banning of Unregulated Deposit Schemes Bill, 2018
Ministry of FinanceCabinet approves Proposal for Official Amendments to the Banning of Unregulated Deposit Schemes Bill, 2018The Union Cabinet, chaired by the Prime Minister Narendra Modi, has given i...
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2nd Corrigendum to Income Tax Circular No. 1/2019 dated 01.01.2019
F.No. 275/192/2018-IT (B)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes******North Block, New Delhi1st February, 2019CORRIGENDUMSubject: Income-Tax Deduction...
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New pattern of listing before Supreme Court wef 04.02.2019
SUPREME COURT OF INDIA F.NO. 10/Judl./2019 DATED: 30th January, 2019CIRCULAR It is hereby notified for information of the Members of Bar, Party-in-Person and all concerned that the Competent Authority...
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Liability & status of Official Assignees under Income-tax Act
Circular No. 04/2019Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New Delhi, the 28th of January, 2019 Subject: Clarification regarding liability...
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Do not enter into any Benami Transactions, It’s illegal & punishable
Benami Transaction is an arrangement in which a property (movable or immovable) is transferred to or held in the name of one person (Benamidar), but is actually owned and enjoyed by another person (be...
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Make compliance simpler for honest tax payers: Piyush Goyal
The Union Minister of Finance, Corporate Affairs, Railways and Coal, Shri Piyush Goyal stresses on the simplification, transparency and use of latest technology in further smoothening the tax filing p...
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Exercising of powers & performing of functions by officers in JCITs grade
Order u/s 120 (1) of the Income Tax Act, 1961 – Exercising of powers and performing of functions by the officers in the grade of JCITs – reg.F. No. 187/01/2019-ITA-1Government of IndiaMinistry of Fina...
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Non applicability of section 56(2)(viia) to fresh issue of shares, would not be a correct approach: CBDT
Circular No. 03/2019F.No. 173/616/2018-ITA.IGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi,Dated the 21st January, 2019Subject: Applic...
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CBDT requests non-filers to Submit IT Return or Online Response
CBDT identifies non-filers through Non-filers Monitoring System (NMS) by using Data Analytics and request the Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (I...
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News of mass prosecution notices for small TDS default is completely misleading: CBDT
Central Board of Direct Taxes (CBDT) Press Release20.01.2019New Delhi: Central Board of Direct Taxes (CBDT) today said that certain news items that appeared in a section of media regarding enmasse iss...
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Exercising of powers & performing of functions by officers in CCITs grade
Order u/s 120 (1) of the Income Tax Act, 1961 – Exercising of powers and performing of functions by the officers in the grade of CCITs – reg.F. No. 187/01/2019-ITA-1Government of IndiaMinistry of Fina...
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Office Order No. 9/2019 – Transfer/Posting of ITO Mutual Basis
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes)North Block, New Delhi -110 001Dated: 14.01.2019Office Order No. 09 of 2019The following transfers/postings in...
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Withdraw Low Tax Effect Appeals as per Circular No. 3/2018: CBDT
NEENA KUMAR, IRSMEMBER, CBDT &Special Secretary to the Government of IndiaD.O.No.279/misc./M-73/2018-ITJGOVERNMENT OF INDIAMinistry of Finance/Department of RevenueCentral Board of Direct TaxesNorth B...