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CBDT notifies Rules & Forms related to Reference to Approving Panel
CBDT inserts Rule 10UD – related to Reference to the Approving Panel, 10UE – Procedure before the Approving Panel, Rule 10UF-. Remuneration for For attending the meeting of an Approving Panel and Form...
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CBDT omits Proviso to Sub-Rule (5) of Rule 2F of Income-tax Rules
Rule 2F of Income-tax Rules, 1962 provides Guidelines for setting up an Infrastructure Debt Fund for the purpose of exemption under clause (47) of section 10. In this Rule Proviso to sub-rule (5) is b...
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Extend due date for filing Tax Audit reports and ITR to 30 November 2019
Tax Bar Association, Jodhpur made a Request for Extension of due date for filing of Tax Audit reports and Income-tax returns from 30th September 2019 to 30 November 2019 to Smt. Nirmala Sitharaman, Ho...
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FM Presentation on Measures to Boost Economic Growth
Ministry of FinanceUnion Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman’s Presentation on Measures to Boost Economic GrowthDated: 14 SEP 2019Measures toBoost Economic Growth14th Septe...
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CGST Delhi busted a racket of issuance of invoices without actual supply of goods
Racket of Issuance of Invoices Without Actual Supply of Goods Busted In DelhiCGST Delhi West and CGST Delhi North in a joint operation busted a racket of issuance of invoices without actual supply of...
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Monetary appeal filing limit not applicable to Gain through penny stocks
Special Order of Board exempting cases involving bogus Long Term Capital Gains (LTCG)/Short Term Capital Loss (STCL) through penny stocks from monetary limits specified in any Circular issued under Se...
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Selection of Case of Search Years in ITBA Assessment module
Availability of Miscellaneous Functionalities related to ‘Selection of Case of Search Year’ and ‘Relevant Search Years’ in Assessment module of Income Tax Business Application (ITBA)- reg.ITBA – Asses...
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Extend due date to file ITR & tax audit reports by one month
AIFTP has made a Request for extending the due date for submitting tax returns and tax audit reports by one month i.e. from 30.09.2019 to 31.10.2019 for A.Y. 2019-20 to Hon’ble Smt. Nirmala Sitharaman...
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Extend due date to file income tax return & tax audit report
Chamber of Tax Consultants has made Request for extension of due date for filing income tax returns and tax audit reports for AY 2019-20 due on September 30, 2019 to Shri Pramod Chandra Mody, Chairman...
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Important Clarification on Form GST DRC-03
GSTN Clarification on Form GST DRC-03 for Payment of tax on voluntary basisForm GST DRC-03 DRC-03 is a payment form in which a taxpayer can pay the GST by raising its liability voluntarily or in respo...
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ACIT (e-Verification), Delhi designated as authority U/s. 143(2) R.W. Rule 12E
CBDT notifies Assistant Commissioner of Income-tax (e-Verification), Delhi, to act as prescribed Income-tax Authority for the purpose of Section 143(2) of Income Tax Act, 1961 read with rule 12E of th...
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PM launches National Pension Scheme for Traders and Self Employed Persons
Press Information BureauGovernment of IndiaMinistry of Labour & Employment12-September-2019 14:43 ISTPrime Minister launches National Pension Scheme for Traders and Self Employed PersonsThe Prime Mini...
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CBI arrests CGST Superintendent for accepting bribe of Rs. 3 Lakh
CBI ARRESTS A SUPERINTENDENT OF CENTRAL GOODS AND SERVICES TAX FOR ACCEPTING A BRIBE OF Rs. THREE LAKHThe Central Bureau of Investigation has arrested a Superintendent, working in the office of Centra...
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Fake IGST Refund: Biggest ever pan-India joint operation by DGGI & DRI
Ministry of FinanceBiggest ever pan-India joint operation by Directorate General of GST Intelligence and Directorate General of Revenue Intelligence against fraudulently claiming refund of IGST by exp...
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Taxonomy 2019 of CRA-4 (Cost audit report) is under development: MCA
Costing Taxonomy 2019 to cater to the annual filing of CRA-4 (Cost audit report) for FY 2018-19 is under development. The companies which are required to file CRA-4 (Cost audit report) for FY 2018-19...
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Functionality to process returns having Income Tax refund claims
ITBA-Processing Instruction No. 9DIRECTORATE OF INCOME TAX (SYSTEMS)ARA Center, Ground Floor,E-2,Jaandewalan Extension,New Delhi- 110055F.No. System/ITBA/Instruction/ITR Processing/177/16-17/ Dated: 1...
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CBDT notifies Cost Inflation Index for Financial Year 2019-20
vide Notification No. 63/2019 dated 12th September, 2019. Cost Inflation Index for Financial Year 2019-20 at 289.MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification N...
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Directions for giving effect to Income Tax E-assessment Scheme, 2019
Notification No. 62/2019- Income Tax- CBDT notifies directions for giving effect to Income Tax E-assessment Scheme, 2019MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notific...
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CBDT notifies Income Tax E-assessment Scheme, 2019
CBDI notifies Income Tax E-assessment Scheme, 2019 with effect from 12th September, 2019 vide Notification No. 61/2019- Income Tax. The assessment under this Scheme shall be made in respect of such te...
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Extend Tax Audit and related ITR Filing Due Dates
All Gujarat Federation of Tax Consultants (AGFTC) & Income Tax Bar Association (ITBA) has made a representation to Hon. Union Minister of Finance, Smt Nirmala Sitharaman on Hardships to the income tax...