Tag: cbdt circular

Relaxation of time limit of 12 months for filing compounding of offences application by CBDT

CBDT gives one time Relaxation of time limit of 12 months for filing compounding of offences application under Income Tax Act  Circular No. 25/2019 F.No.285/08/2014-IT(Inv. V)/350Government of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes)*** Room No. 515, 5th Floor, C-Block,Dr. Shyama Prasad Mukherjee Civic Centre,Minto Road, …

CBDT Consolidated circular for income tax assessment of Startups

CBDT Consolidated circular for income tax assessment of Startups-Procedure, time limit, additions u/s 56(2)(viib), demand etc. Circular No. 22/2019 Central Board of Direct TaxesMinistry of Finance North Block, New Delhi, dated the 30th August 2019 Sub: Consolidated circular for assessment of Startups – reg. In order to provide …

Treatment of Farm-in expenditure incurred by Oil Exploration & Production Cos – Clarification by CBDT

Treatment of Farm-in expenditure incurred by the Oil Exploration and Production (E&P) Companies-Clarification by CBDT Circular No.  20 /2019 Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, dated 19th August, 2019 Subject: – Clarification regarding treatment of Farm-in expenditure incurred by …

No Income tax communications to be issued without a computer-generated DIN on or after 15.10.2019

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 …