Checklist for submitting ITR7 for AY 2019-20 to avoid common mistakes in return preparation which may impact uploading of the ITR or processing of the ITR later Income Tax Department has come up with a checklist for assisting tax payers in preparation and filing of ITR-7 Income Tax …

Free ATM transactions not to include failed transactions due to technical reasons – RBI RBI has taken note that banks are including transactions that have failed due to technical reasons, non-availability of currency in ATMs, etc., in the number of free ATM transactions and charging fee on excess …

Proceedings initiated u/s 148 instead of section 153C quashed. ITAT explains the difference between jurisdiction under both sections ABCAUS Case Law Citation:ABCAUS 3121 (2019) (08) ITAT Important case law relied upon by the parties:National Thermal Power Co. Ltd., Vs. CIT (SC).Smt.Archana Pandey Vs. ITO (2013) F G. Koteshwara …

No Income tax communications to be issued without a computer-generated Document Identification Number  (DIN) on or after 15.10.2019 Circular No. 19/2019 Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, dated the 14th August, 2019 Subject: Generation/Allotment/Quoting of Document Identification Number in …

CBDT has made 457 Transfers/Postings in the grade of Additional/Joint Commissioner of Income Tax (CIT).  The Transfer/Postings have been made under the following categories (a) Promotion cases 182 (b) Mandatory Transfer cases 11 (c) Request cases 57 (d) Review cases 45 (e) Other cases 11 (f) Vigilance Directorate …

Online Form for Filing Complaint against CAs to ICAI Disciplinary Directorate The ICAI has launched Online Form for filing complaint against chartered accountants to Disciplinary Directorate The link to file online complaint is as under: Online Form for Filing Complaint to ICAI Disciplinary Directorate Online Form for Filing …