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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...
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Re-designation of nomenclature of posts of Member CBDT and revision in their Jurisdiction
Office Order No. 197 of 2019 – Re-designation of the nomenclature of the posts of Member CBDT and revision in their Jurisdiction – reg.F. No.A-35015/7/2012-Ad.VIGovernment of IndiaMinistry of FinanceD...
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Relaxation of time-Compounding of Offences under Direct Tax Laws-One-time measure-Reg
Circular No. 25/2019F.No.285/08/2014-IT(Inv. V)/350Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)***Room No. 515, 5th Floor, C-Block, Dr. Shyama Prasad Mukh...
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Procedure to identify & process Income Tax cases for prosecution
Circular No. 24/2019F.No.285/08/2014-IT(Inv. V)/349Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)*******Room No. 515, 5th floor, C-Block,Dr. Shyama Prasad M...
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Synthesized text of the MLI and the India Serbia DTAA
SYNTHESISED TEXTOF THE MULTILATERAL CONVENTION TO IMPLEMENT TAX TREATYRELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTINGANDTHE CONVENTIONBETWEENTHE GOVERNMENT OF THE REPUBLIC OF INDIAANDTHE...
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Appeal filing limit not applies to cases of Bogus LTCG/STCG
Circular No. 23 of 2019F. No. 279/Misc./M-93/2018-ITJ(Pt.)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesJudicial SectionNew Delhi, 6th September 2019Subject: -Ex...
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CBDT revise forms and rules of Approval of Application U/s. 80G & 10(23C)
Notification No. 60/2019-Income Tax- CBDT amends rules 2C and 2CA related to Application for the purpose of grant of approval for the exemption under sub-clause (iv), sub-clause (v), sub-clause (vi) a...
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CBDT enters into 26APAs during current Financial Year
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 4th September, 2019PRESS RELEASE CBDT enters into 26APAs during the current Financial YearThe Central...
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Approval of CIT (Intl. Taxation) not required for certificates U/s. 197/195 if revenue effect is less than Rs. 10 crore
I it has been decided to raise threshold of revenue effect for issue of certificates under section 197/195 needing approval of the Commissioner of Income Tax (Intl. Taxation) to Rs. 10 Crore. This thr...
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Consolidated circular for Income Tax assessment of Startups
Circular No. 22/2019Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New DelhiDated: 3o-August, 2019Sub: Consolidated circular for assessment of Sta...
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Synthesized text of the MLI and the India-UAE DTAA
SYNTHESISED TEXT OF THE MULTILATERAL CONVENTION TO IMPLEMENT TAX TREATY RELATED MEASURES TO PREVENT BASE EROSION AND PROFIT SHIFTING (MLI)ANDAGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF INDIA A...
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Clarification on applicability of TDS on cash withdrawals | Section 194N
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 30th August, 2019PRESS RELEASEClarification on applicability of Tax Deduction at Source on cash withd...
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Constitution of a Committee of Experts to examine need for Institutional framework for regulation and development of valuation professionals
No. 12/9/2019 – PIGOVERNMENT OF INDIAMINISTRY OF CORPORATE AFFAIRS5TH Floor, ‘A’ Wing, Shastri Bhawan Dr. Rajendra Prasad Road,New Delhi-110001 Dated: 30-08-2019 ORDERSub: Constitution of a Committee...
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CBDT constitutes Cell for redressal of grievances related to Start-ups
Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNew Delhi, 30th August, 2019PRESS RELEASECBDT constitutes Start-up Cell for redressal of grievances related to S...
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Interchangeability of PAN with Aadhaar – CBDT amends Rules 114
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 59/2012New Delhi, the 30th August, 2019G.S.R. 614(E).—In exercise of the powers conferred by section 139A read...
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49.29 Lakh ITR Filed in a day without any Technical Issue- History Created
Income Tax department made history with a quantum jump in the e-filing of Income–Tax Returns With an All time high record of 49 lakh 29 thousand and 121 ITRs filed in a single day on 31st August 2019....
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CBI Conducts Nationwide Joint Surprise Checks in a Special Anti Corruption Drive
The Central Bureau of Investigation is today conducting a special drive on anti corruption work. Under this drive, more than 150 Joint Surprise Checks (JSCs) at various places of suspected corruption...
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Companies (Incorporation) Seventh Amendment Rules, 2019
In the Companies (Incorporation) Rules, 2014 in the annexure to the said rules, for forms RD-1 and RD GNL-5 forms shall be substituted vide Companies (Incorporation) Seventh Amendment Rules, 2019.GOVE...
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Non-Filers/Stop filers of Income Tax Returns to get Notices soon
ITBA — ITR Processing Instruction No. 8DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2,Jhandewalan Extension, – 110055, New Delhi – 110055F.No. System/ITBA/Instruction/ITR Processing/2...
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CBDT to furnish data of Appeal withdrawals to PM Office
F.No.279/Misc./M-35/2018-ITJGovernment. of IndiaMinistry of FinanceDepart went of RevenueCentral Board of Direct. TaxesRoom No. 12, 5th Floor, JeevanViharBuilding,Parliament Street, New Delhi.Dated th...