Month: February 2020
Processing of ITRS filed during FY 2018-19 u/s 139, in response to notice u/s 142(1) or u/s 119(2)(b) getting time barred ITBA-ITR Processing Instruction No- 10 DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground, Floor E-2, Jhandewalan ExtensionNew Delhi – 110055 F.No. Pr. DGIT(S)/ITBA/ITR Processing/112/16-17/ Dated: 18.02.2020 ToAll Principal …
Condonation of delay by CIT(Exemptions) u/s 119(2)(b) for filing Form 9A 10 where ITRs have also been filed beyond due date Circular No. 6/2020 F.No.197/55/20 18-ITA-IGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes***** New Delhi, the 19th February, 2020 Sub: Condonation of delay …
CBIC Concept Paper on Custom Faceless e-Assessment. Suggestions invited. faceless assessment is part of the string of reforms titled ‘Turant’ Customs. CBIC is planning to launch Faceless e-Assessment for imported goods and has solicited suggestions, views, comments on Faceless e-Assessment. Accordingly, it has also issued a detailed Concept …
CBDT defines unauthorised colony in NCT of Delhi for exemption from deemed tax u/s 56(2)(x) under Rule 11UAC MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 12/2020 New Delhi, the 17th February, 2020 INCOME-TAX G.S.R. 124(E).—In exercise of the powers conferred by clause (XI) of …
Prosecution u/s 276CC-Failure to file ITR was not willful due to seizure of documents required by assessee for examination before filing the return u/s 153A ABCAUS Case Law Citation:ABCAUS 3260 (2020) (02) HC Prosecution u/s 276CC-Failure to file ITR held not willful In the instant case, the Income …
Procedure for Filing of forms in Registry (MCA-21) by Insolvency Professional/ Liquidator appointed under IBC 2016. NCLT appointment order to be filed first in Form INC-28 at MCA21 General Circular No. 04/2020 F.No.01/02/2019- CL-VGovernment of IndiaMinistry of Corporate Affairs 5th Floor ‘A’ Wing, Shastri Bhawan,Dr. Rajendra Prasad Road, …
For grant of registration u/s 12A if tax not deducted at source (TDS) from salary or salary paid partly in cash and partly by cheque is irrelevant ABCAUS Case Law Citation:ABCAUS 3259 (2020) (02) ITAT In the instant case, the appeal had been filed by the Assessee against …
Godown used for storage of explosives qualifies for exemption u/s 54G being a place used for purpose of business of Industrial Undertaking ABCAUS Case Law Citation:ABCAUS 3258 (2020) (02) SC The Hon’ble Supreme Court had dismissed the SLP of the ITD against the judgment of the High Court …
FCRA exemption to organisations constituted under a Central/State Act etc. getting accounts compulsorily audited by CAG / its agencies MINISTRY OF HOME AFFAIRS ORDER New Delhi, the 30th January, 2020 S.O. 459(E).—Whereas the Central Government is of the opinion that it is necessary and expedient in the interest …
Extension of period for Nidhi Companies for making declaration in Form NDH-4 Government of IndiaMinistry of Corporate AffairsNOTIFICATION New Delhi, the 14 February, 2020 G.S.R. 114(E).- In exercise of the powers conferred by sub-section (1) of section 406 read with sub-sections (1) and (2) of section 469 of the Companies …
