Tag: cbdt circular
Mutual Agreement Procedure (MAP) Guidance notes released by CBDT Mutual Agreement Procedure (MAP) The Double Taxation Avoidance Agreements (DTAAs or Tax Treaties) provide rules and mechanisms for allocation of taxing rights amongst the treaty partners; avoidance of economic and juridical double taxation; and resolution of taxation not in …
Due date for furnishing return of Income (ITR) for AY 2019-20 extended to 30.09.2020 Due date for furnishing return AY 2019-20 extended MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 56/2020 New Delhi, the 29th July, 2020 TAXATION AND OTHER LAWS S.O. 2512(E).–In exercise of …
Sovereign Wealth Fund u/s 10(23EF). Applications, ITR, audit report & quarterly statement to be filed Circular No. 15 of 2020 New Delhi, 22nd July, 2020 Notification of Sovereign Wealth Fund under section 10(23FE) of the Income-tax Act, 1961 The Finance Act, 2020, inter alia, inserted clause (23FE) …
CBDT Clarification on validity of notifications issued granting exemption under clause (v) of proviso to from section 194N prior to amendment by Finance Act 2020 CBDT Clarification on notifications granting exemption from section 194N Circular no. 14/2020 F. No. 370142/27/2020-TPL Government of IndiaMinistry of FinanceDepartment of Revenue Central …
One-time relaxation for Verification of ITRs pending due to non-filing of ITR V form till 30.09.2020 Circular No. 13/2020 F. No. 225/59/2020/ITA-IIGovernment of India Ministry of Finance Department of Revenue Central Board of Direct Taxes***** New Delhi, dated the 13th of July, 2020 Subject: – One-time relaxation for …
Section 269SU related to provision of electronic mode for acceptance of payments not to apply to businesses having only B2B transactions Circular No. 12/2020 F.No.370142/3512019-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes**** Dated: 20th May, 2020 Subject: Clarifications in respect of prescribed electronic modes under …
CBDT gives relief on residency provisions due to lockdown & suspension of international flights Govt has granted relief on residency status to NRIs/foreign visitors whose stay in India got prolonged due to lockdown. Further, as per tweet by CBDT, Circular for determining the residential status in such cases …
CBDT defers requirement of fresh registration of trusts under section 12AB to 01.10.2020 due to Covid-19 Situation The Finance Act 2020 had made changes in the procedure for approval/registration process of trusts, institutions, funds, university, hospital etc and approval in the case of association, university, college, institution or …
CBDT further defers GAAR & GST reporting in Tax Audit Report Form-3CD till 31.03.2021 GAAR & GST reporting in Tax Audit Report deferred till 31.03.2021 Circular No. 10 of 2020 F. No. 370142/9/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes …
CBDT revises 55 Frequently Asked Questions (FAQs) on Vivad se Vishwas Scheme. CBDT revises 55 FAQs on Vivad se Vishwas Scheme During the Union Budget, 2020 presentation, the ‘Vivad se Yishwas‘ Scheme was announced to provide for dispute resolution in respect of pending income tax litigation. Pursuant to …
