Category: Income Tax

CBDT asks banks to refund charges on e-transactions made as prescribed u/s 269SU

CBDT asks banks to refund charges collected on or after 01.01.2020 on transactions done using electronic modes prescribed u/s 269SU F.No.370142/35/2019-TPL-PtGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes Circular No. 16/2020 Dated: 30th August, 2020 Subject: Imposition of charge on the prescribed electronic modes under section 269SU of the Income-tax …

Corrigendum to restructuring of income tax jurisdictions

Corrigendum to restructuring of income tax jurisdictions in view of Faceless Assessment   MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No.68/2020 CORRIGENDUM   New Delhi, the 27th August, 2020   (Income-tax)   S.O. 2902(E).—In the notification of the Government of India, Ministry of Finance, Department …

Income Tax Department conducts searches in Bhopal

Income Tax Department conducts searches in Bhopal Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes   New Delhi, 21st August, 2020 Income Tax Department conducts searches in Bhopal PRESS RELEASE   The Income Tax Department carried out a search and seizure operation …