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TCS- Section 206C(1H)- Request to Provide relief & Clarification
Request for granting relief from provisions of Tax Collection at Source (TCS) under section 206C(1H) of the Income Tax Act, 1961 which is applicable from 01.10.2020 by top 5 Organisation of Chartered...
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Code on Social Security, 2020
was introduced in Lok Sabha on 19th September 2020 vide Bill No. 121 of 2020 to withdraw the pending Code on Social Security, 2019 and to propose a fresh Bill, namely, the Code on Social Security, 202...
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Govt introduces Taxation Law Amendment Bill in Lok Sabha
The outbreak of Novel Corona Virus (COVID-19) pandemic across many countries of the world, including India, has caused immense loss to lives of people and given rise to unprecedented humanitarian and...
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Section 10(47) L&T Infra Debt Fund notified as Infrastructure Debt Fund
CBDT notifies L&T Infra Debt Fund as Infrastructure Debt Fund under section 10(47) of Income Tax Act, 1961 for the assessment year 2018-2019 and subsequent years.MINISTRY OF FINANCE(Department of Reve...
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Section 10(46) exemption to District Mineral Foundation Trust
Notification No. 73/2020 Central Government notifies ‘District Mineral Foundation Trust’ constituted by Government in exercise of powers conferred under section 9(B) of the Mines and Minerals (Develop...
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CBT notifies undertaking of Softzone Tech Park Ltd as Industrial Park u/s 80IA
CBT notifies undertaking of Softzone Tech Park Ltd as industrial park under section 80IA of Income Tax Act, 1961 vide Notification No. 72/2020-Income Tax dated 8th September, 2020.MINISTRY OF FINANCE(...
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CBDT specifies Scheduled Commercial Banks for section 138(1)(a)(ii)
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 71/2020-Income TaxNew Delhi, the 31st August, 2020S.O. 2947(E).—In pursuance of sub-clause (ii) of clause (a)...
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Corrigendum to Income Tax Notification No. 65/2020 dated 13.08.2020
Corrigendum to Income Tax notification number 65/2020 dated 13.08.2020 issued vide Notification No. 70/2020-Income Tax, Dated: 27.08.2020MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIR...
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Corrigendum to Income Tax Notification No. 63/2020 dated 13.08.2020
issued vide Notification No. 69/2020-Income Tax, Dated: 27.08.2020MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)CORRIGENDUMNew Delhi, the 27th August, 2020(Income-tax)Notifi...
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Corrigendum to Income Tax Notification No. 62/2020 dated 13.08.2020
issued vide Notification No. 68/2020-Income Tax, Dated: 27.08.2020MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)CORRIGENDUMNew Delhi, the 27th August, 2020(Income-tax)Notifi...
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35,074 taxpayers opt for Vivad Se Vishwas Scheme
Ministry of Finance35,074 taxpayers opt for Vivad Se Vishwas SchemePosted On: 20 SEP 2020 2:05PM by PIB DelhiThe total number of taxpayers who have opted for the Direct Tax Vivad Se Vishwas Act since...
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10 Registration services deployed with Web-form SPICe+
Ministry of Corporate AffairsSPICe+ Portal deployed by MCAPosted On: 19 SEP 2020 8:20PM by PIB DelhiThe Ministry of Corporate Affairs (MCA) has notified and deployed a web-form namely ‘SPICe+’ (pronou...
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Scope of income and Residence in India | Section 5 & 6
Section 5- Scope of income – Income Tax Act, 19615. [1] the total income of any previous year of a person who is a resident includes all income from whatever source derived which—[a] is received or is...
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Income Tax Department carries out searches in Jammu & Kashmir
Ministry of FinancePosted On: 17 SEP 2020 1:10PM by PIB DelhiThe Income Tax Department carried out a search and seizure operation on a prominent Hotelier, owning a chain of Hotels at Srinagar, Gulmarg...
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Compulsory Complete Income Tax Scrutiny Guidelines during FY 2020-21
F.No.225/126/2020/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes (ITA-II division)North Block, New Delhi, the 17th September, 2020ToAll Pr. Chief-Commis...
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Measures taken by Government to reform Direct Tax regime
Ministry of FinancePosted On: 14 SEP 2020 5:36PM by PIB DelhiOver the last few years, in order to provide a non-intrusive and non-adversarial tax ecosystem, the Government has taken various measures t...
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Measures to promote growth, investment and create new employment opportunities through amendments in the Income Tax Act 1961
Ministry of FinancePosted On: 14 SEP 2020 5:37PM by PIB DelhiIn September 2019, the Government announced several measures to promote growth, investment and create new employment opportunities through...
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Transfer/postings of 164 officers in the grade of Principal CIT
F.No. A-22011/5/2020-Ad-VI Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 11.09.2020Office Order No. 171 of 2020Consequ...
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Transfer/postings of 41 officers in the grade of Chief CIT
F.No. A-22011/4/2020-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 11.09.2020Office Order No. 170 of 2020Conseque...
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Transfer/postings of 6 officers in the grade of Pr. CIT
F.No. A-22011/3/2020-Ad-VIGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)North Block, New Delhi -110 001Dated: 11.09.2020Office Order No. 169 of 2020On promo...