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CPC advisory on applicability of Tax Audit to business and profession
As per the section 44AB of Income Tax Act, the books of accounts for the relevant previous year are required to be audited by a Chartered Accountant and the audit report has to be electronically filed...
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CBDT extends Tax Audit Due Date to 31st Oct, 2018
CBDT further extends due date for filing of Income Tax Returns & Tax audit reports from 15th Oct,2018 to 31st Oct, 2018 for all assessees liable to file ITRs for AY 2018-19 by 30.09.2018, after consid...
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CBDT notifies CIT(A) for respective CCA regions under Black Money Law
F.No. 279/Misc./M-44/2018-ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesRoom No. 12, 5th Floor,JeevanViharBuilding, Sansad MargNew Delhi, Dated 1st October...
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Section 112A relief on off Market transactions of acquisition of equity share
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 1st October, 2018INCOME-TAXS.O. 5054(E)..—In exercise of the powers conferred by sub-section (4) of...
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Direct Tax Collections for F.Y. 2018-19 up to September, 2018
(Half-yearly figures) show that gross collections are at Rs. 5.47 lakh crore which is 16.7% higher than the gross collections for the corresponding period of last year The provisional figures of Direc...
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CBI Arrests an Income Tax Inspector in A Bribery case of Rs. 10 Lakh
CBI ARRESTS AN INCOME TAX INSPECTOR AND A PRIVATE PERSON IN A BRIBERY CASE OF Rs. 10 LAKHThe Central Bureau of Investigation has arrested an Income Tax Inspector, working in the office of Joint Commis...
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Key Features – Return Preparation Utility (RPU) version 2.4
♦ Integration of new Encryption certificate in File Validation Utilities (FVUs)> Renewed Encryption certificate with extended validity has been integrated in FVUs♦ Incorporation of latest File Validat...
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Extend due date to submit Tax Audit Reports & ITR: ICAI
ICAI has for the third time in less than a month made a request for Extension for extension of time for submission of Tax Audit Reports and related returns from 30th September, 2018 to 31st October, 2...
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Extend Tax Audit Due date for Assessees of Kodagu & Malanadu Region: KSCA
KSCA requested CBDT to consider the plight suffered by the tax assessees of Kodagu and Malanadu belt and requested to extend due date for tax audit and like due date of tax returns from 30th September...
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Extend Tax Audit / ITR Due date to 30th November 2018- AGFTC & ITBA
AGFTC and ITBA has Requested Honourable Finance MInister to extend due date of 30th Sept. 2018 for submission of Tax Audit Reports and related I. Tax Returns for Ass. Yr. 2018-19 to 30th November 2018...
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Extend Tax Audit Report Due Dates – Taxation Bar Association
Taxation Bar Association, Ludhiana has requested CBDT to extend the due date for furnishing the tax audit report and Income Tax tax return to be extended for a month to 31st October 2018. Relevant Tex...
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Order No. 147/2018: Transfer/postings of officers in JCIT/Addl. CIT Grade
F.No. A-22012/1/2018-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 05.09.2018Office Order No. 147 of 2018The foll...
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Order No. 148/2018: Transfer/postings of officers in ACIT/DCIT grade
F.No. A-22013/2/2018-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 05.09.2018Office Order No. 148 of 2018The foll...
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Extend Tax Audit & Income Tax Returns Due Date to 31st October, 2018: ICAI
ICAI has further requested CBDT to extend time for submission of Tax Audit Reports and related returns from 30th September, 2018 to 31st October, 2018 as CBDT has not followed Norms of Earlier Years o...
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Draft PAN Rules: Compulsory for Transaction above 2.50 Lakh; Father name not must in case Mother is single parent
CBDT proposed to amend Income Tax Rule 114 related to PAN and proposed to make PAN compulsory for transactions of Rs. 250000 or more and also proposed to amend Form number 49A and Form number 49AA to...
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Transfer/postings (Local Changes) in Pr. CCIT/Pr. DGIT/CCIT/DGIT Grade
F.No. A-32011/1/2018-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 31.08.2018Office Order No. 146 of 2018The foll...
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Income Tax Return filing registers an upsurge of 71% upto 31.08.2018
Filing of Income Tax Returns registers an upsurge of 71% upto 31st August,2018 There has been a marked improvement in the number of Income Tax Returns (ITRs) filed during FY 2018 (upto 31/08/2018, the...
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CBDT extends time to send comments on framing rules related to ‘Significant Economic Presence’
CBDT extends time for sending comments on framing rules related to ‘Significant Economic Presence’ till 30-9-2018 vide its Instruction F. No. 370142/11/2018-TPL dated 30th of August, 2018.F. No. 37014...
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Filing of references for restoration of struck-off/de-registered companies under Companies Act, 2013
F. No. 225/423/2017-ITA-II(Part)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiDated, the 20th of August, 2018ToAllPrincipal Chief Commis...
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CBDT Notifies Rule 11UAB Determination of fair market value for inventory
CBDT vide Notification No. 42/2018 Notifies Income Tax Rule 11UAB Determination of fair market value for inventory and amended Rule 11U related to Meaning of expressions used in determination of fair...