Tag: cbdt notification
CBDT makes massive restructuring in jurisdiction of Income tax Authorities After announcement of Indian Taxpayers Charter and Faceless Assessment from 13.08.2020, the CBDT has made massive changes /restructuring in the jurisdiction of Income tax Authorities Restructuring in jurisdiction of Income tax Authorities (1) CBDT Notification No. 62/2020 Changes …
E-assessment Scheme 2019 now renamed as Faceless Assessment Scheme 2019 E-assessment Scheme 2019 has now been renamed as Faceless Assessment Scheme 2019. Today, CBDT vide order 119 had directed that from 13.08.2020 all assessment shall be faceless and orders to be passed by the National e-Assessment Centre. These …
Section 139A not to apply to non-resident (except company) who makes investment in a specified fund subject to few conditions – Rule 114AAB. MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 58/2020 New Delhi, the 10th August, 2020 INCOME-TAX G.S.R. 499(E).—In exercise …
Govt. designates three Special Courts in Maharashtra for trial of offences punishable under the Income-tax Act, 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(INVESTIGATION DIVISION-V) Notification No. 59/2020 New Delhi, the 10th August, 2020 S.O.2682(E).—In exercise of the powers conferred by sub-section (1) of section 280A …
DG/Secretary Competition Commission of India notified u/s 138 to disclose information to Income Tax Department MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No.57/2020 New Delhi, the 30th July, 2020 S.O. 2528(E).—In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of section 138 of …
Statement of income of investment fund to unit holders u/s 115UB to be in electronic form. CBDT amends form 64C and 64D MINISTRY OF FINANCE(Department of Revenue) Notification No. 55/2020 New Delhi, the 28th July, 2020 INCOME-TAX G.S.R.469(E).—In exercise of the powers conferred by sub-section …
CBDT amends TCS Rules. Amount received or debited on which TCS was not collected from buyer to be reported MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification 54/2020 New Delhi, the 24th July, 2020 INCOME-TAX G.S.R.464(E).—In exercise of the powers conferred …
CBDT notifies authority for sharing of information regarding income-tax assessees for identifying eligible beneficiaries under PM-KISAN Yojana MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 51/2020 New Delhi, the 21st July, 2020 S.O. 2415(E).—In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of …
Disclosure of assessee information to Income Tax Department. CBDT notifies four more bodies u/s 138 i.e. Cabinet Secretariat, IB, NCB & NIA MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 52/2020 New Delhi, the 21st July, 2020 S.O. 2411(E).—In pursuance of sub-clause (ii) of clause …
Income of Tamil Nadu e-Governance Agency Exempted for five years from AY 2019-20 to 2023-24 u/s 10(46) of Income Tax Act, 1961 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 50/2020 New Delhi, the 21st July, 2020 S.O. 2403(E).—In exercise of the powers conferred by …
