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Open Letter to Union Finance Minister for TAR due date extension
It is requested that The chartered accountants are not in a position to complete audits under Income Tax Act and meet the specified timelines for furnishing of Tax Audit Report which is falling at the...
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Major Income Tax Form to be Filed Along with ITR- Due Date 30th September
Forms Are Commonly Used Forms, Forms To Claim Specific Eligible And Specific Forms.COMMONLY USED FORMS*Form No.DescriptionApplicable toForm 3CA-3CDAudit report under section 44AB of the Income Tax Act...
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Corporate tax rates slashed to 22% and 15% for domestic companies
Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefsThe Government has brought in the Taxation Laws (Amendment) Ordinance...
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Transfer/Posting in respective grade in National e-Assessment Centre
Office Order No. 205 of 2019 and 206 of 2019 -Transfer/Posting in respective grade in the view of diversion of post under newly created NeAC – In view of the diversion of posts in the various grades o...
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Extend due date for filing audited Income tax reports / Returns
The Punjab Accountants Association requested to extend due date for uploading and filing audited tax reports by Assesses till 30th November, 2019. They have submitted the representation to Ms. Nirmala...
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Extend due date for filling tax audit reports & related Income tax returns
Western Maharashtra Tax Practitioners’ Association has requested that the due date for filling of Tax audit reports & Income tax returns falling due on 30th September be extended to 15th November 2019...
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Issue of DIN on Intimation Letter for documents uploaded manually in ITBA
Roll out of facility for System generated Document (i.e. Intimation Letter) containing Document Identification Number (DIN) for documents issued outside the system but uploaded manually in Income Tax...
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Extend last date of filing of ITR & Tax Audit Reports to 15.11.2019
Representation on Extension of last date of filing of Income Tax Returns in Audit cases & Tax Audit Reports from 30.09.2019 to 15.11.2019 by District Taxation Bar Association (Direct Taxes), Ludhiana...
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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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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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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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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...