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You are here: Home / Archives for Income Tax
  • Flash News - Grant of Non-Productivity Linked Bonus to Central Government Employees

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Income Tax - Central Government Employees

ITR -Extension of time limits for income tax returns – PIB News

December 30, 2020 by admin Leave a Comment

Extension of time limits for income tax returns Ministry of Finance Extension of time limits for income tax returns Posted On: 30 DEC 2020 In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, … [Read more...] about ITR -Extension of time limits for income tax returns – PIB News

Last date for submitting Income Tax Returns has been extended to 31st January, 2021 – PIB News

October 26, 2020 by admin Leave a Comment

Last date for submitting Income Tax Returns has been extended to 31st January, 2021 PIB News Extension of due date of furnishing of Income Tax Returns and Audit Reports In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other Laws (Relaxation of … [Read more...] about Last date for submitting Income Tax Returns has been extended to 31st January, 2021 – PIB News

Launch of ePratiniyukti – a single window, online Deputation Module for receipt and processing of deputation applications / Cadre Clearance of IRS (C&CE) Officers

September 23, 2020 by admin Leave a Comment

Launch of ePratiniyukti - a single window, online Deputation Module for receipt and processing of deputation applications/ Cadre Clearance of IRS (C&CE) Officers Government of IndiaMinistry of FinanceCentral Board of Indirect Taxes & CustomsDirectorate  General  of Human Resource Development,HR Management  Wing-I Bhai Vir Singh Sahitya Sadan (2nd & 3rd … [Read more...] about Launch of ePratiniyukti – a single window, online Deputation Module for receipt and processing of deputation applications / Cadre Clearance of IRS (C&CE) Officers

CBDT – Compulsory selection of returns for Complete Scrutiny during the Financial Year 2020-21

September 20, 2020 by admin Leave a Comment

CBDT 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 11September, 2020 To All Pr. Chief-Commissioners of Income-tax/ Chief-Commissioners of Income-Tax All Pr. Director-Generals of Income tax/ Director-Generals of Income-tax. Subject: Guidelines for … [Read more...] about CBDT – Compulsory selection of returns for Complete Scrutiny during the Financial Year 2020-21

CBDT – Adherence of delegated Financial Powers & Time-lines by HoDs

July 6, 2020 by admin Leave a Comment

CBDT F.No.DIT (Inf)/ U-I/Misc.-1/ 2020-21/148GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUECENTRAL BOARD OF DIRECT TAXESDIRECTORATE OF INCOME TAX (INFRA.) Dated: 30.06.2020 ToAll HoDs (Pr. CCsIT/Pr. DGsIT/CCsIT/ DGsIT/Pr. CsIT/Pr. DsIT/ CsIT/ADGs) Madam /Sir, Kind attention is invited to the O.M. issued by IFU vide F. No. 15/6/2008-IFU-III (EC) dated … [Read more...] about CBDT – Adherence of delegated Financial Powers & Time-lines by HoDs

CBDT clarifies the TDS provisions on Mutual Fund dividend

February 4, 2020 by admin Leave a Comment

Ministry of FinanceCBDT issues clarification on the applicability of TDS provisions on Mutual Fund dividend 04 FEB 2020 The Finance Bill, 2020 proposed to remove Dividend Distribution Tax (DDT) at the level of Company/ Mutual Fund and proposed to tax the same in the hands of share/ unit holder. It was also proposed to levy TDS at the rate of 10% on the dividend/ income … [Read more...] about CBDT clarifies the TDS provisions on Mutual Fund dividend

Budget 2020 – Personal Income Tax and tax simplification

February 3, 2020 by admin Leave a Comment

Budget 2020 - Personal Income Tax and tax simplification In order to provide significant relief to individual taxpayers and to simplify the Income-Tax law, the Finance Minister proposed to introduce a new and simpler personal income tax system in which income tax rates will be substantially reduced for individual taxpayers who forgo such deductions and exemptions. The … [Read more...] about Budget 2020 – Personal Income Tax and tax simplification

CBDT issues clarification on eligibility of small Start-ups to avail tax holiday

August 23, 2019 by admin Leave a Comment

Ministry of Finance CBDT issues clarification on eligibility of small Start-ups to avail tax holiday 22 AUG 2019 The Central Board of Direct Taxes (CBDT) has clarified today that small start-ups with turnover upto Rs. 25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act, 1961 (the ‘Act’), which provides deduction for … [Read more...] about CBDT issues clarification on eligibility of small Start-ups to avail tax holiday

Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT

August 9, 2019 by admin Leave a Comment

Ministry of Finance Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT There is a substantial pendency of appeals of the Income Tax Department before various appellate fora. The CBDT is aware of the importance of litigation management and has been continuously working towards achieving the same. To effectively reduce taxpayer … [Read more...] about Monetary limits for filing of appeals by Income Tax Department further enhanced by CBDT

CBDT – Order under Section 119 of the Income-tax Act, 1961

July 24, 2019 by admin Leave a Comment

CBDT Order under Section 119 of the Income-tax Act, 1961 Extension of due date for filing of ITRs for the A.Y 2019-20 from 31st July, 2019 to 31st August, 2019 F. No. 225/157/2019/ ITA.II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, ITA-II Division New Delhi, the 23rd of July, 2019 Order under Section … [Read more...] about CBDT – Order under Section 119 of the Income-tax Act, 1961

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