Tag: CBDT Instruction
CBDT prescribes course of action for verification of agricultural income during assessment proceedings. CBDT has issued a Circular/Instruction dated 29/10/2025 prescribing suggested course of action for verification of claim of agricultural income/activity during assessment proceedings. The action has been taken in view of the performance audit report of …
CBDT prescribes Best Practices and Standard Operating Procedure for Assessing Capital Gains on Joint Development Agreements (JD As) under Section 45(5A) of the Income Tax Act, 1961. Joint Development Agreement (JDA) means a registered agreement in which a person owning land or building agrees to allow another person …
No prosecution under Black Money Act for omission to disclose assets (other than immovable property) of value up to Rs. 20 Lakhs – CBDT Instruction Central Board of Direct Taxes (CBDT) had issued an Instruction vide F. No.285/46/2021/IT (lnv.V)/645 dated 15.03.2022 clarifying that prosecution under section 49 and/or …
CBDT asks Income Tax officials to avoid asking irrelevant and unjustified queries in scrutiny notices issued to taxpayers. CBDT issues Instruction to Income Tax officials to not to ask irrelevant and unjustified queries in scrutiny notices issued to taxpayers. Recently an annexure to notice under section 142(1) allegedly …
CBDT Guidelines for Compulsory Selection of Returns for Complete Scrutiny during the Financial Year 2025-26 CBDT has issued guidelines dated 13.06.2025 for compulsory selection of returns for complete scrutiny during the financial year 2025-26 The Income tax Scrutiny are usually of two types, (i) limited scrutiny and the …
CBDT Instruction No. 20/2003 regarding timely disposal of appeals is also applicable to faceless regime – ITAT In a recent judgment, ITAT Raipur held that CBDT Instruction No. 20/2003 related to timely disposal of appeals is also applicable to faceless regime. The ITAT set aside the appellate order …
CBDT issues clarification in respect of Income tax clearance certificate (ITCC). All Indian citizens not required obtain ITCC before leaving the country. CBDT issues clarification in respect of Income-tax clearance certificate (ITCC). Section 230 (1A) of the Income-tax Act, 1961 (the ‘Act’) relates to obtaining of a tax …
Revised Instruction for constitution and functioning of ‘Local Committees to deal with Taxpayers’ Grievances from High-Pitched Scrutiny Assessment CBDT has issued revised instruction for constitution and functioning of ‘Local Committees to deal with Taxpayers’ Grievances from High-Pitched Scrutiny Assessment The Central Board of Direct Taxes (‘CBDT’) had issued …
CASS 2020 Cycle for income tax scrutiny of returns (ITRs) of A.Y. 2019-20 for current year – CASS 2020 Instruction No, 1 CBDT has finalised Computer Assisted Scrutiny Selection (CASS) 2020 Cycle for income tax returns (ITRs) of A.Y. 2019-20 for the current year. The CBDT has approved …
CBDT clarifies Instruction on issue of notice u/s 148 for instances considered as potential cases F. No.225/40/2021/ITA-IIGovernment of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, the 12th March,2021 All Principal Chief Commissioners of Income-tax Madam/Sir, Subject: Instructions regarding selection of cases for …
