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CBIC & CBDT sign MoU to facilitate exchange of data
Ministry of FinanceCBIC & CBDT sign MoU to facilitate smoother bilateral exchange of dataPosted On: 21 JUL 2020A Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes...
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CBDT Signs MOU with MoMSME for sharing of data
Ministry of FinanceMemorandum of Understanding(MoU) between CBDT and MoMSME signed todayPosted On: 20 JUL 2020A formal Memorandum of Understanding (MOU) was signed today between the Central Board of D...
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New Form 26AS is the Faceless hand-holding of Taxpayers
Ministry of FinanceNew Form 26AS is the Faceless hand-holding of the TaxpayersPosted On: 18 JUL 2020 1:37PM by PIB DelhiThe new Form 26AS is the faceless hand-holding of the taxpayers to e-file their...
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CBDT to start Voluntary Income Tax Return Compliance campaign
Ministry of FinanceCBDT to start e-campaign on Voluntary Compliance of Income Tax for FY 2018-19 from 20th July, 2020Posted On: 18 JUL 2020 6:23PM by PIB DelhiThe Income Tax Department is all set to s...
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CBDT refunded Rs. 71,229 crore to taxpayers during COVID-19
Ministry of FinanceCBDT has refunded Rs. 71,229 crore so far to help taxpayers during COVID-19 pandemicPosted On: 17 JUL 2020The Central Board of Direct Taxes (CBDT) has issued refunds worth Rs 71,229...
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CBDT provides Utility to ascertain TDS Applicability Rates on Cash Withdrawals
Ministry of FinancePosted On: 12 JUL 2020The Income Tax Department has facilitated a new functionality for Banks and Post offices through which they can ascertain the TDS applicability rates on cash w...
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SEBI signs MoU with CBDT to share Data with each other
Securities and Exchange Broad of IndiaPress Release No. 38/2020SEBI signs MoU with CBDTSecurities and Exchange Board of India (SEBI) signed a Memorandum of Understanding (MoU) with Central Board of Di...
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Cash Transaction Reports Sharing between CBDT & FIU-IND
Order under section 138(1)(a) of the Income-tax Act, 1961 for sharing of Information between CBDT and FIU-IND for effective processing of Cash Transaction ReportsF.No.225/349/2019/ITA.IIGovernment of...
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Section 138 Order for sharing information with Ministry of MSME
F.No. 225/115/2020/IT A.IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, the 14th July,2020OrderIn exercise of powers conferred under section 138(I)...
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Setting up of Turant Suvidha Kendra (TSK) for faceless assessment-reg
OFFICE OF THE COMMISSIONER OF CUSTOMS, NS-IIIJNCH, SHEVA, URAN, DISTT.RAIGAD,MAHARASHTRA – 400707F. No. S/V-30-Misc- 1 03/2020/NS-III/JNCHDate: 14.07.2020STANDING ORDER- 18 /2020Sub: Setting up of the...
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Extension of Time for processing of ITR with Refund claim for AY 2017-18
CBDT Extends Time Limit for processing of Income Tax Return with Income Tax Refund Claims u/s 143(1) for AY 2017-18 in Non scrutiny cases till 31.10.2020.F. No.225/98/2020/ITA-IIGovernment of IndiaMin...
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DGGI detected GST evasion by grain-based distilleries
Ministry of FinanceDepartment of RevenueCentral Board of Indirect Taxes & CustomsNorth Block, New Delhi-110 001Tel. No. +91-11-23092849, Fax No. +91-11-23092890E-mail: ajit.m@gov.inD.O. No. 23/CH(IC)/...
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CBDT clarifies on Validly of section 194N exemptions
Circular no. 14/2020F.No. 370142/27/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division)****Room no. 147B-II, North Block,New Delhi,Dated 20th...
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One-time Relaxation for Verification of Last 5 years “E-filed” Income Tax Returns
CBDT has noticed that a large number of electronically filed ITRs were pending for processing with IT Department because of non-furnishing of a valid ITR-V at CPC, Bengaluru from concerned taxpayers....
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Section 10(46) exemption to Tamil Nadu e-Governance Agency
Notification No. 50/2020- Central Government notifies ‘Tamil Nadu e-Governance Agency in respect of the specified income arising to the board under section 10(46) of Income Tax Act, 1961.MINISTRY OF F...
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Section 10(46) exemption to Real Estate Regulatory Authority, Bihar
Notification No. 49/2020- Central Government notifies Real Estate Regulatory Authority, Bihar in respect of the specified income arising to the board under section 10(46) of Income Tax Act, 1961.MINIS...
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Govt specifies MSME authority for disclosure of assessee information u/s 138
Govt specifies Additional Secretary and Development Commissioner, Ministry of MSME as authority for disclosure of assessee information under section 138 of Income Tax Act, 1961 vide Notification No. 4...
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Section 10(46) exemption to RERA Authorities of Goa & Telangana
Notification No. 47/2020- Central Government notifies Goa Real Estate Regulatory Authority and Telangana State Real Estate Regulatory Authority in respect of the specified income arising to that board...
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Section 10(46) exemption to National Aviation Security Fee Trust
Notification No. 46/2020- Central Government notifies ‘National Aviation Security Fee Trust’ in respect of the specified income arising to that board under section 10(46) of Income Tax Act, 1961.MINIS...
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National Pension Scheme Tier II-Tax Saver Scheme 2020
CBDT notified vide Notification No. 45/2020-Income Tax dated 07th July, 2020 that Tax benefit of Section 80C will be available to the Government employee if, they contributes towards Tier-II of NPS. B...