Category: Income Tax
New Optional basic income tax exemption slab and reduced tax rates announced in budget 2020-21 for AY 2021-22 / FY 2020-21 In order to provide significant relief to the individual taxpayers and to simplify the Income-Tax law, the Union Budget proposes to bring a new and simplified personal …
Live Key Highlights of tax proposals of Union Budget 2020-21 Union Finance Minister, Smt. Nirmala Sitharaman shall be presenting Union Budget 2020-21 in the Parliament on 1st February, 2020. Users may bookmark the page and revisit tomorrow at 11:00 AM to see the live telecast of the Union …
CBDT order-Promotion, additional charge and jurisdiction in the grade of PrCCIT and JCIT CBDT has issued three separate orders for promotion, additional charge and jurisdiction in the grade of Principal Chief Commissioner of Income Tax, Pr. CCIT / CCsIT and Joint Commissioners of Income Tax. (a) Order u/s …
ITAT warns CIT(A) of penalty for not-passing speaking order on merit due to non appearance or non prosecution ABCAUS Case Law Citation:ABCAUS 3240 (2020) (01) ITAT In the instant case, an appeal was filed by the assessee against the order of the Commissioner of Income Tax . It …
CBDT notifies Rule 6BBA and amended Rule 6DD to include new payments method as non cash payments for getting benefits/reliefs under various provisions of the Income Tax Act, 1961 Recently, CBDT had introduced a new Income Tax Rule 119AA prescribing modes of electronic payment for the purpose of …
Transfer of TAN across the State/CIT(TDS). After ITBA updatation TAN starting with MUM can be found at Delhi DIRECTORATE OF INCOME TAX (SYSTEM)ARA Center, Ground Floor, E-2, Jhandewalan ExtensionNew Delhi – 110055 F. No. SW/TDS/02/02/2016/DIT(S)-II/6437 Dated 27/01/2020 ToThe Principal Chief Commissioners of Income-tax (IT)(TDS)/ CCsIT (By Name) Bangalore/ …
Lower/Nil TDS certificates. Applications can be made before start of financial year. time limit prescribed for making application for current FY Instruction No. : 01/2020 Tel No: 0120-2770049E-mail:rohit.anand@tdscpc.gov.in Centralized Processing Cell (TDS)AayakarBhawan, Sector-3, VaishaiGhaziabad-201010 F.No.: CPC(TDS)/197 Certificate/Cut off date/2019-20/ Dated: 24/01/2020 Subject: Lower/Nil tax deduction certificates – …
TDS deposited electronically within due time date shown on OLTAS irrelevant. There is no provision of waiver of interest for late deposit of TDS ABCAUS Case Law Citation:ABCAUS 3239 (2020) (01) ITAT Important case law relied upon by the parties:In the instant case, an appeal was filed by …
Backward area declared u/s 80HH(2) do not apply to section 80-IA(2)(iv)(c) as both sections are separate and have independent provisions ABCAUS Case Law Citation:ABCAUS 3238 (2020) (01) HC Important case law relied upon by the parties:Ace multi axes systems limited’, (2017) 88 taxmann.com 69 (SC).Commissioner of Income Tax …
Institute of Pesticide Formulation Technology, Gurugram PAN:- AAATI0389Q approved u/s 35(1)(ii) as Research Association from AY 2019-2020 and onwards MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 07/2020 New Delhi, the 28th January, 2020 S.O. 389(E).—It is hereby notified for general information that the organization …
