Circulars… Extension of time lines for filing of Income-tax returns and various reports of audit for the AY 2021-22 10 Sep 2021 On consideration of difficulties reported by the taxpayers and other stakeholdersin electronic filing of Income-tax returns and various reports of audit under theprovisions of Income-tax Act,1961 (Act), the Central Board…
Income Tax CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports 26 Nov 2020 The Institute of Chartered Accountants of India, in its gazette notification dated 2nd August, 2019, had made generation of UDIN from ICAI website www.icai.org mandatory for every kind of certificate/tax…
Income Tax… Extension of time limits under the Income-tax Act 24 Jun 2020 CBDT has issued a notification today further extending few of the time limits of compliances under Taxation & Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 as under: Due date…
Income Tax… CBDT Notified ITR forms for FY 2019-20 and new requirements 1 Jun 20201 Jun 2020 Central Board of Direct Taxes and notified the Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 for FY 2019-20 (AY 2020-21). As…
Income Tax Direct-tax related measures announced by the Finance Minister 14 May 2020 The Finance Minister, Smt. Niramla Sitharaman yesterday announced measures focused on Getting back to work i.e., enabling employees and employers, businesses, especially Micro Small and Medium Enterprises, to get back…
Circulars… Clarification in respect of residency under section 6 of the Income-tax Act, 1961 12 May 2020 Central Board of Direct Taxes has issued a circular on May 08,2020 for Clarification in respect of residency under section 6 of the Income-tax Act, 1961, which states: Section 6…
Income Tax Income Tax Tribunal, ITAT, for the first time, holds hearing through video conferencing 25 Apr 202025 Apr 2020 A division bench of the Income Tax Appellate Tribunal (ITAT), led by the Tribunal’s President Justice P.P. Bhatt, has, through web based video conferencing platform, heard and disposed of an…
Income Tax… Penalty for false entry or omission of entry in books of account [As introduced by Finance Act, 2020] 18 Apr 2020 Finance Act 2020 has inserted a new section 271AAD, under which penalty shall be levied on a person who is required to maintain books of account, if it is found…
Income Tax Equalisation levy on e-commerce operators [As introduced in Finance Act, 2020] 8 Apr 2020 Scope of equalisation levy The Finance Act, 2020 has extended the scope of Equalisation Levy to include consideration received or receivable for e-commerce supply or services made or facilitated by…
Income Tax Relaxation in issue of certificate for lower/nil deduction of TDS and TCS U/s 197 and 206(9) 31 Mar 202031 Mar 2020
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