Tag: cbdt circular

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: …

CBDT Circular on TDS from salaries during FY 2018-19 u/s 192. Important points to be considered by employers/DDOs  CBDT has issued circular no. 1/2019 dated 1st January, 2019 on income tax deduction from salaries during the financial year 2018-19 under section 192 of the Income-tax Act, 1961 As per …

Explanatory Notes to the Provisions of Finance Act 2018 CBDT has issued circular on the Explanatory Notes to the Provisions of the Finance Act, 2018. The Finance Act, 2018 as passed by the Parliament, received the assent of the President on the 29th day of March, 2018 and …

Extension of the due date for furnishing of report u/s 286 (4) of the Income-tax Act 1961 by constituent entity. Circular  No. 9/2018 F No 370142/17/2018 -TPL Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes**** New Delhi. Dated December 26, 2018 Order under section …

CBDT authorizes CIT u/s 119(2)(b) to admit belated applications in Form No. 9A and Form No.10 in respect of AY 2016-17-Circular 7/2018 Circular No. 7 / 2018 F.No.197/55/2018-ITA-IGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes North Block, New Delhi20th December  , 2018 Sub: …

CBDT reiterates that appeals against adverse judgments should only be filed on merits even on issues mentioned in para 10 of Circular No. 3 of 2018 F. No .  279/Misc/M-93/2018-ITJGovernment of India Ministry of FinanceDepartment of Revenue Central Board Direct TaxesJudicial Section New Delhi,  11th December 2018 To …

Application seeking immunity u/s 270AA of the Income Tax Act shall not preclude assessee from contesting the same issue in any earlier assessment year-CBDT Circular No. 5/2018 F. No. 370149/155/2018-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) New Delhi, Dated 16th …

Exclusions from both export and total turnover for deduction u/s 10A – CBDT Circular 4/2018. All charges/expenses in Explanation 2(iv) liable to be excluded Circular No. 4/2018 F. No. 279/Misc./140/2015/ITJ Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 14th August …

Increase in threshold monetary limits for filing Departmental Appeals at Appellate Tribunals, High Courts and the Supreme Court Major Steps taken for Reducing Tax Litigations  In order to reduce the long pending grievances of taxpayers and to minimise litigations pertaining to tax matters and to facilitate the Ease …

How to submit Taxpayers response to intimation u/s 143(1)(a)(vi) for mismatch of income from 26AS Form-16 or 16A. CBDT circular giving manner of furnishing response  Sub-clause (vi) of clause (a) of sub-section {1) of section 143 of the Income-tax Act, 1961 (‘Act’) as introduced vide Finance Act, 2016, …