Category: Income Tax
Non-Central Government Employees also can now avail the benefit of income tax exemption on payment of cash equivalent of LTC fare, along the lines of the benefit made available to the Government Employees. Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees Ministry of Finance …
Vivad se Vishwas – Clarification on payment without additional amount where declaration is filed on or before 31.12.2020. The condition of 15-day for payment of tax after getting certificate scrapped. F. No. IT(A)/1I2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct …
Delay in filing appeal condoned as auditor sought opinion from tax advocate who misplaced the records ABCAUS Case Law CitationABCAUS 3415 (2020) (10) ITAT Important case law relied upon by the parties:Ramlal vs. Rewa Coalfields Ltd. AIR 1962 SC 361 Chief Post Master General and Others vs. Living Media …
Due dates of compliances under Direct Tax Vivad se Vishwas Act notified, Dates for payments extended MINISTRY OF FINANCE(Department of Revenue) Notification No. 85/2020 New Delhi, the 27th October, 2020 S.O. 3847(E).—In exercise of the powers conferred by section 3of the Direct Tax Vivad se Vishwas Act, 2020 …
Income Tax Department fresh raids in Delhi- NCR, Haryana, Punjab, Uttarakhand & Goa involving entry operators, intermediaries, cash handlers Income Tax Department conducts searches in Delhi- NCR, Haryana, Punjab, Uttarakhand and Goa 27 OCT 2020 10:55AM by PIB The Income tax Department has carried out a search …
Assessee can not be taxed for jewellery belonging to family members erroneously or under compulsion offered to tax during search ABCAUS Case Law CitationABCAUS 3414 (2020) (10) ITAT Important case law relied upon by the parties:CIT v Rakesh Ramani 94 taxmann.com 461 (Bom)(HC)/Balmukund Acharya v DCIT 310 ITR …
Extension of due date of Tax audit report & ITRs filing for AY 2020-21 to 31.12.2020 / 31.01.2021 Extension of due date of furnishing of Income Tax Returns and Audit Reports AY 2020-21 Read CBDT Press Release dated 30.12.2020 for further extension of due date of 31.12.2020 Click …
Writ Petition filed in Rajasthan / Gujarat High Courts for extension of due dates for filing Tax Audit report and Income Tax Returns (ITRs) for AY 2020-21 Note: With the CBDT extending due date of Tax audit report & ITRs filing for AY 2020-21 to 31.12.2020 and /or …
Fresh Transfer/Postings in the grade of Addl CITs / JCITs in UP (East) Region Consequent upon diversion of posts for implementation of the Faceless Assessment Scheme, The Office of the Pr. Chief Commissioner of Income Tax , U.P. (East), Lucknow has made 34 transfers/postings in the grade of …
Changes in Transfer/Postings of ITOs in UP (East) Region, new additional charge The Office of the Pr. Chief Commissioner of Income Tax , U.P. (East), Lucknow vide Order No. 16/2020 01.10.2020 and Order No. 20 of 2020 dated 10.10.2020 had made transfers and postings in the grade of …
