Tag: cbdt circular
CBDT to reverse assessment proceedings completed based on controversial Circular 10/2018 on the subject of applicability of section 56(2)(viia) Central Board of Direct Taxes had issued Circular 10/2018 dated 31.12.2018 to clarify that provisions of section 56(2)(viia) of the Income-tax Act, 1961 being anti-abuse provisions shall not be …
Exemption of pension granted to disabled armed forces personnel available to all ranks but not to those retired on superannuation or otherwise CIRCULAR No. 13/ 2019 F. No. 173/250/2019-ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi the …
Assessment of Firms-Some of important issues to be kept under consideration by the Assessing Officers while framing assessment Circular No. 12/2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 19th of June, 2019 Subject: ‘Assessment of Firms’ …
Assessee is entitled to claim set-off of loss against income determined under section 115BBE of the Act till the assessment year 2016-17 Circular No. 11 /2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North-Block, New Delhi, dated the 19th of June, …
Fund manager” in Section 9A(4)(b) of the Income-tax Act includes an AMC as approved by SEBI under the SEBI (Mutual Funds) Regulations, 1996 – CBDT F. No: 500/182/2018-FT & TR-V Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Foreign Tax & Tax …
Extension of period for furnishing report u/s 286(4) by constituent entities referred in sub section (a)/(aa) whose parent entities resident in USA Circular No. 7/2019 F No 370142/17/2018 -TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes****** Order under section 119 of the Income-tax Act, 1961 …
ITRs filed prior to 01.04.2019 as per decisions of various High Courts valid. Aadhaar-PAN linking mandatory from 01.04.2019 as per SC judgement – CBDT Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** North Block, New Delhi, the 31st of March, 2019 …
Monetary limits for filing of income tax appeals as per CBDT Circular 3 of 2018 extended to Wealth tax matters F. No. 279/Misc/M-84/2018-ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesJudicial Section Circular No.5/2019 New Delhi, 5th February 2019 Subject:- Monetary limits for filing/withdrawal of Wealth Tax …
Non application of section 56(2)(viia) to fresh issue of shares contrary to express provisions and legislative intent – CBDT clarifies again Circular No. 03/2019 F.No. 173/616/2018-ITA.IGovernment of IndiaMinistry of FinanceDepartment of Revenue(Central Board of Direct Taxes) North Block, New Delhi,Dated the 21st January, 2019 Subject: Applicability of section …
CBDT withdraws controversial Circular No. 10/2018 on applicability of section 56(2)(viia) for shares issued by company in which public not substantially interested F. No . 173/616/2018-ITA-IGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes(ITA-I Division) Circular No. 02/2019New Delhi, the 04 January, 2019 Sub: …
