CBDT reduces tax collection target for FY 2019-20 by Rs. 45000 crores, from 13.80 crores to 13.35 crores In May 2019, the CBDT had set a ambitious income tax budgetary target of Rs. 13.80 lakh crores for FY 2019-20 which was 15% more than the direct tax collection …

The Chit Funds (Amendment) Bill 2019 – Key Proposals. Increase in ceiling of aggregate chit amount , presence allowed through video conferencing  Government today introduced in the Lok Sabha, the Chit Funds (Amendment) Bill, 2019 to amend the Chit Funds Act, 1982. On enactment the Act shall be …

Govt proposes to increase the number of Judges in the Supreme Court from present thirty to thirty-three, excluding the Chief Justice of India.  The Government today, presented in the Lok Sabha, The Supreme Court (Number Of Judges) Amendment Bill, 2019″ to amend the Supreme Court (Number of Judges) …

CBDT relaxes time-frame u/s 143(1) for processing of refund claims of all validly filed returns up to assessment year 2017-18  F.No.225/194/2019/ITA-II Government of  India Ministry of Finance Department  of Revenue Central Board of Direct Taxes North Block, the 5th August, 2019 Order under section 119 of the Income-tax …

Exemption u/s 54F could not be denied for fraud by builder in constructing building without NOC not disclosed to the assessee ABCAUS Case Law Citation:ABCAUS 3101 (2019) (08) ITAT Important case law relied upon by the parties:Kanan Chandra Sekhar vs. ITO, 165 ITD 315Dileep Ranjrekar, 101 taxman.com 104Balkishan …

Results of the Chartered Accountants Final Examination (Old course & New Course) and Foundation Examination held in (May-June) 2019 are likely to be declared on Wednesday, the 14th August 2019. – (03-08-2019) The results of the Chartered Accountants Final Examination(Old course & New Course) and Foundation Examination held …