Tag: cbdt notification
Income Tax to share information with Scheduled Commercial Banks MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 71/ 2020 New Delhi, the 31st August, 2020 S.O. 2947(E).—In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of Section 138 of the Income-tax Act, 1961, …
Corrigendum to restructuring of income tax jurisdictions in view of Faceless Assessment MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No.68/2020 CORRIGENDUM New Delhi, the 27th August, 2020 (Income-tax) S.O. 2902(E).—In the notification of the Government of India, Ministry of Finance, Department …
Conditions to be satisfied by pension fund for exemption u/s 10(23FE). Guidelines for notification MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 67/2020 New Delhi, the 17th August, 2020 INCOME-TAX G.S.R. 508(E).—In exercise of the powers conferred by sub-clause (iii) of clause (c) of Explanation …
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 …
