Category: Income Tax
Depreciation disallowed on VAT portion of capital goods suspected to be purchased from grey market ABACUS Case Law CitationABCAUS 3364 (2020) (08) ITAT In the instant case, the assessee had challenged the order passed by the CIT(A) in confirming disallowance of depreciation on capital assets purchased and used …
CBDT reconstitutes Regional e-Assessment Centers. Read list of Income-tax Authorities for 30 reconstituted ReACs F. No 187/3/2020 ITA-1Government of India Ministry of FinanceDepartment of RevenueCentral Board of Direct Taxes (ITA Division)******* North Block, New Delhi – 110001Dated the 13th August, 2020 Office Order -2 Subject: Setting up / …
CBDT Guidelines for implementation of Faceless Assessment Scheme 2019 In view of the Faceless Assessment Scheme, 2019 and subsequent notification for the National e-Assessment Center (NeAC) and various Regional e-Assessment Centers (ReACs) across 20 cities. CBDT has issued a detailed guidelines for the implementation of the Scheme and …
CBDT makes massive restructuring in jurisdiction of Income tax Authorities After announcement of Indian Taxpayers Charter and Faceless Assessment from 13.08.2020, the CBDT has made massive changes /restructuring in the jurisdiction of Income tax Authorities Restructuring in jurisdiction of Income tax Authorities (1) CBDT Notification No. 62/2020 Changes …
CBDT diverts IRS in the grade of PCIT, CCIT, CIT to newly created NeAC Delhi and ReACs, re-designates earlier created posts. Read CBDT Order CBDT has diverted 159 existing posts in the grades of CCIT, PCIT and CIT India Revenue Service (IRS) to the newly created National e-Assessment …
E-assessment Scheme 2019 now renamed as Faceless Assessment Scheme 2019 E-assessment Scheme 2019 has now been renamed as Faceless Assessment Scheme 2019. Today, CBDT vide order 119 had directed that from 13.08.2020 all assessment shall be faceless and orders to be passed by the National e-Assessment Centre. These …
Only DG Investigation and Commissionerates TDS authorised to have power to order income tax survey u/s 133A with effect from 13th August, 2020. F. No. Â 187/3/2020-ITA-IGovernment of IndiaMinistry of Finance Department of Revenue (Central Board of Direct Taxes)***** North Block, New Delhi – 110001. Dated the 13th August, …
Do role of CA CS CMA as authorised representative going to end as per Taxpayers Charter? Under the provisions of section 288 of the Income Tax Act, 1961 an assessee/taxpayer may be represented by an authorised representative before an Income Tax Authority or ITAT. Sub section (2) provides …
New Taxpayers’ Charter issued. Know Rights & Obligations of taxpayers Ministry of Finance has issued detailed Taxpayers’ Charter in line with announcement by Prime Minister of India Indian Taxpayers’ Charter – Rights and Obligations of Taxpayers This Taxpayer Charter spells out the various commitments made by the Income …
All Assessment to be Faceless and orders to be passed by National eÂ-Assessment Centre from 13.08.2020 F. No. 187/3/2020-ITA-IGovernment of IndiaMinistry of Finance Department  of  Revenue (Central Board of Direct Taxes)***** North Block, New Delhi – 110001.Dated  the 13th August,  2020 ORDER Subject: Order under section 119 of …
