Section 194 of income tax act 1961 - Central Government relaxes TDS restrictions under section 194A of the Income-tax Act, 1961. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th September, 2021 INCOME TAX S.O. 3815(E). - In exercise of the powers conferred by sub-section (1F) of section 197A of the … [Read more...] about Central Government relaxes TDS restrictions under section 194A of the Income tax Act 1961 – CBDT
CBDT
CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB – PIB
Ministry of FinanceCBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB 05 JULY 202 As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically. Presently, taxpayers upload the Form 15CA, along with the Chartered Accountant Certificate in Form 15CB, wherever applicable, on the e-filing portal, before … [Read more...] about CBDT grants further relaxation in electronic filing of Income Tax Forms 15CA/15CB – PIB
CBDT – Compulsory selection of returns for Complete Scrutiny during the Financial Year 2020-21
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
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
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
CBDT issues clarification on eligibility of small Start-ups to avail tax holiday
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
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
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
CBDT: Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days
Ministry of Finance CBDT identifies non-filers through Non-filers Monitoring System (NMS) by using Data Analytics and request the Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days 22 JAN 2019 The Non-filers Monitoring System (NMS) aims to identify and monitor persons who enter into high … [Read more...] about CBDT: Non-filers to assess their tax liability for AY 2018-19 and file the Income Tax Returns (ITR) or submit online response within 21 days
Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices
Ministry of Finance Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices 21 JAN 2019 The Central Board of Direct Taxes (CBDT) has stated that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices to small companies for TDS default are completely misleading and full of factual inaccuracies. CBDT … [Read more...] about Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices
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