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Representation for extension of Due date – Asst year 2020-2021
Additional representation by Tax Bar Association, Nizamabad in respect of the Extension of Due date in filing the Return of Income under Income tax act for the Asst year 2020-21 [Financial year ending...
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I-T E-filing portal to close for 6 days- New Portal from 7th June
The Income Tax Department is going to launch its new E-filing portal www.incometax.gov.in on June 7th, 2021. In preparation for this launch and for migration activities, the existing portal of the Dep...
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Income Tax Return, Tax Audit due date & Other dates extended
CBDT vide Income Tax Circular No. 9 of 2021 Dated 20th May, 2021 extends due dates of Statement of Financial Transactions, Statement of reportable account, TDS returns, Form 16 wrt Tds salary returns,...
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Conduct Audit of medical facilities in every State: CAIT
Confederation of All India Traders Vyapar Bhawan* 925/1, Naiwala, Karol Bagh, New Delhi-110005. Phone: +91.11-45082664, Telefax: +91-11-45082665 E-mail: teamcait@gmail.com Website: www.cait.in Ref No....
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Request for Extension of due dates of ITR/TDS/TCS
Tax Bar Association, Nizamabad has made a request for Extension of Due date in filing the Return of Income under Income tax act for the Asst year 2020-21 [Financial year ending 31st of March 2020] and...
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Cass Selection norms/ Instruction for Scrutiny for A.Y 2019-20
CASS 2020 – Instruction No. 1 DIRECTORATE OF INCOME TAX (SYSTEMS) ARA Centre, Ground Floor, E-2, Jhandewalan Extension, New Delhi-110055 F. No. DGIT(S)/ADG(S)-2/CASS 2020 Execution/420/2020-21 Dated:...
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CBDT notifies ‘Indo-Infra Inc.’ as pension fund | Section 10(23EE)
CBDT notifies pension fund, namely, ‘Indo-Infra Inc.’ under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 in respect of the eligible inv...
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CBDT notifies ‘OMERS Administration Corporation’ as pension fund | Section 10(23EE)
CBDT notifies pension fund, namely, ‘OMERS Administration Corporation’ under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 in respect of...
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CBDT notifies ‘Government Employees Superannuation Board’ as pension fund | Section 10(23EE)
CBDT notifies pension fund, namely, ‘Government Employees Superannuation Board’ under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 in r...
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CBDT notifies ‘Public Sector Pension Investment Board’ as pension fund | Section 10(23EE)
CBDT notifies pension fund, namely, ‘Public Sector Pension Investment Board’ under sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 in resp...
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CBDT notifies ‘Ministry of Economy and Finance of Republic of Korea’ as sovereign wealth fund
under sub-clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 vide Notification No. 63/2021 -Income Tax Dated: 13th May 2021. MINISTRY OF FINANCE...
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CBDT notifies ‘CDC Group Plc.’ as sovereign wealth fund
under sub-clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 vide Notification No. 62/2021 -Income Tax Dated: 13th May 2021. MINISTRY OF FINANCE...
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CBDT notifies special court for Tripura under Black Money Act
Central Government, in consultation with the Chief Justice of the High Court of Tripura, hereby designates the Court of the Additional Chief Judicial Magistrate, West Tripura as the Special Court for...
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CBDT notifies court of States of Assam, Nagaland, Mizoram & Arunachal Pradesh for Black Money Act
Central Government, in consultation with the Chief Justice of the Gauhati High Court, hereby designates the Court of Munsiff No. 3-cum-Judicial Magistrate, First Class, Kamrup (M), Guwahati as the Spe...
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Mandatory updation of UDINs in all Income Tax Forms at e-filing Portal
Institute of Charted Accountant of India UDIN Directorate The Institute of Chartered Accountants of India 12th May, 2021 ANNOUNCEMENT Mandatory updation of UDINs in all Income Tax Forms at e-filing Po...
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CBDT issues corrigendum to notification related to Cash payment to hospital
CBDT issues Corrigendum to Notification No. 56/2021-Income Tax Dated: 7th May, 2021 and stated that word ‘payee ‘to be read as payer. Notification No. 59/2021-Income Tax Dated: 10th May, 2021 MINISTRY...
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Notification No. 58/2021-Income Tax, Dated: 10.05.2021
CBDT amends Notification No. 35/2021-Income Tax dated the 22nd April, 2021 and stated that the word ‘Canada Pension Plan Investment Board Private Holdings (4) Inc.’ should be read as ‘CPP Investment B...
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Notification No. 57/2021-Income Tax, Dated: 10.05.2021
CBDT amends Notification No. 54/2021-Income Tax dated the 5th May, 2021 and stated that the word ‘Stretford Investment Pte. Ltd.’ should be read as ‘Stretford End Investment Pte. Ltd.’ Notification No...
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Section 269ST relaxation on cash payment to hospitals
Hospitals / medical facilities providing COVID19 treatment to patients can now receive cash payments even higher than ₹ 2 lakh. Limit in section 269ST of IT Act relaxed, from 01.04.2021 to 31.05.2021....
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Case against E-Return Intermediary for alleged TDS Refund Fraud
Central Bureau of Investigation CBI Registers a Case Against a Proprietor of a Private Company and Unknown Others on the Allegations of TDS Refund Fraud of Rs.3.42 Crore (Approx) Dated: 06.05.2021 The...