Category: Income Tax
CBDT Guidelines on applicability of TDS u/s 194-O(4) and TCS u/s 206C 1-H from 01.10.2020 F. No.370133/22/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) **** Circular No. 17 of 2020 Dated: 29th September, 2020 Sub.: Guidelines under …
CBDT notifies National/Regional Faceless Appeal Centres for conduct of Faceless Appeal Proceedings pending/instituted on or after 25.09.2020, MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 80/2020 New Delhi, the 25th September, 2020 INCOME TAX S.O. 3308(E).-—In exercise of powers conferred by sub-sections …
CBDT authorises National e-Assessment Centre to issue notices u/s 143(2) for returns furnished u/s 139 or in response to a notice u/s 142(1) MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 79/2020 New Delhi, the 25th September, 2020 (INCOME-TAX) S.O.3304(E).—In exercise of powers conferred under …
CBDT further amends jurisdiction of Income tax Authorities MINISTRY OF FINANCE(Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th September, 2020 (Income-tax) S.O.3303(E).—In exercise of the powers conferred under section 118 and sub-section (1) and (2) of section 120 …
CBDT notifies Faceless Appeal Scheme 2020 CBDT has notified Faceless Appeal Scheme, 2020. CBDT has issued Notification No. 76/2020 and 77/2020 to give affect to the Faceless Appeal Scheme, 2020 Faceless Appeal Scheme 2020 The Scheme provides for setting up of : (a) A National Faceless Appeal Centre …
CBDT notifies revised Form 15C-Application by banking company/insurer for certificate u/s 195(3) for receipt of interest and other sums without deduction of tax MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 75/2020-Income Tax New Delhi, the 22nd September, 2020 G.S.R. 574(E).- In exercise of the powers …
The Taxation and Other Laws (Relaxation And Amendment of Certain Provisions) Act , 2020 The Taxation and Other Laws (Relaxation And Amendment of Certain Provisions) Bill, 2020 has received the assent of the President. The Act shall be deemed to have into come into force on the 31st …
Notice u/s 148 for cash deposit after preliminary enquiry was valid as assessee was a non-filer and failed to respond ABCAUS Case Law Citation ABCAUS 3397 (2020) (09) ITAT Important case law relied upon by the parties: Vinod Commodities Ltd. Vs. ACIT (2019) 182 DTR 49 (Jodh) Sh. …
Guidelines-Income Tax compulsory selection of returns for Complete Scrutiny during Financial Year 2020-21 & conduct of assessment proceedings Guidelines-Income Tax compulsory Complete Scrutiny FY 2020-21 F.No.225/126/2020/ITA-IIGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes (ITA-II division) North Block, New Delhi, the 17th September, 2020 …
Revision u/s 263 to exclude issues settled in Vivad se Vishvas Scheme 2020. ITAT directs AO not to consider capital gains from penny stock while passing fresh order ABCAUS Case Law CitationABCAUS 3396 (2020) (09) ITAT Important case law relied upon by the parties:Price Water House vs ACIT …
