Tag: CBDT Instruction
Income Tax appeals pending with CIT(A) for more than 5 years to be disposed off by 31.03.2020 – CBDT In a communication addressed to all Pr. CCITs, CBDT has expressed serious concern over non-disposal of appeals pending for more than 3 years and 5 years with CIT(A). The …
Deadline for submitting response in e-assessment proceedings is 29.12.2019. As per instruction circulated by the Directorate of Income Tax (Systems), the deadline for submitting response in e-assessment proceedings is 29.12.2019. It has been stated that the facility for electronic submission of documents through “e-proceedings” options in income tax …
Extension of time limit for filing of response to notices issued under section 142(1) of the Income-tax Act, 1961 under E-assessment Scheme-2019. CBDT with a view to provide relief to the taxpayers and tax professionals and to facilitate the compliance with respect to e-Assessment proceedings under E-assessment Scheme …
List of Income Tax buildings with limited bandwidth where e–Proceeding not mandatory in FY 2019-20 CBDT Circular 27/2019 specified exceptional cases, where for the assessments to be framed during the financial year 2019-20, ‘e–Proceeding’ shall not be mandatory. One of the above exception was in all cases at stations connected …
Scrutiny Guidelines for invalid returns selected through CASS Cycle 2018. AO to drop proceedings u/s 143(2) and reopen the case by issue of notice u/s 148 F. No. 225/333/2019/ITA-IIGovernment of India Ministry of FinanceDepartment of Revenue Central Board of Direct Taxes** *** North Block, New Delhi,Dated, the 29th …
Monetary limits for filing income tax appeal not to apply to bogus penny stocks transactions of Long Term Capital Gains (LTCG) /Short Term Capital Loss (STCL) F. No. 279/Misc./M-93/2018-ITJ(Pt.)Government of India Ministry of Finance Department of RevenueCentral Board of Direct Taxes New Delhi, Dated: 16th September, 2019 OFFICE …
Thresholds of tax forgone for prior approval of CIT (intl taxation) for issue of certificate u/s 197 of the Income Tax Act increased to Rs. 10 crores F. No.275/16/2019-IT(B)Government of IndiaMinistry of Finance, Department of RevenueCentral Board of Direct Taxes***** North Block, New Delhi 2nd September, 2019 Office …
Presumptive Tax u/s 44AE-Heavy Vehicle weight to be used, gross, laden or unladen. CBDT clarification for computing profits and gains of heavy goods vehicle F.No.225/233/2019/ITA-IIGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 14th August,2019 ToThe Secretary GeneralAll India Motor Transport Congress New Delhi Sir, Subject: …
All Pending appeal to be withdrawn after increase in Monetary Limits-CBDT Clarification. All pending SLPs/ appeals/ cross objections/references to be withdrawn till 31.10.2019 F. No. 279/Mis/M-93/ 2018-ITJGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxs******* Room No. 12, 5th Floor, Jeevan Vihar Building,Parliament Street, New Delhi.Dated …
Verification Cash deposits during demonetisation period to undergo sharp scanner during scrutiny assessment. CBDT issues detailed instructions/checklist for help of AOs. The demonetisation period falls in the FY 2016-17 (i.e. AY 2017-18) and the deadline for completion of the scrutiny assessment of the same is 31st December, 2019. …
