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… Higher depreciation on certain motor cars, motor buses, motor lorries and motor taxis 22 Sep 2019 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th September, 2019 (Income-tax) G.S.R. 679 (E).—In exercise of the powers conferred by section 32…
Income Tax… Exemption to Cash Replenishment Agencies (CRA’s) and franchise agents of White Label Automated Teller Machine Operators (WLATMO’s) under clause (v) of the proviso to section 194N of the Income Tax Act, 1961 22 Sep 2019 MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 18th September, 2019 INCOME-TAX S.O. 3356(E).—In exercise of the powers conferred by clause (v) of proviso to section 194N of…
Income Tax… Exemption to commission agents or traders operating under APMC under clause (v) of the proviso to section 194N of the Income Tax Act, 1961 22 Sep 2019 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 20th September, 2019 ( INCOME-TAX) S.O. 3427(E).—In exercise of the powers conferred by clause (v)…
Income Tax… CBDT notifies the Cost Inflation Index for FY 2019-20 14 Sep 2019 CBDT notifies the Cost Inflation Index for Financial Year 2019-20 vide notification no. 63/2019 dated 12th September, 2019. The Cost Inflation Index for FY 2019-20 relevant to AY 2020-21 is…
Income Tax… CBDT issues notification for amendment of Form No. 15H of the Income-tax Rules, 1962 26 May 2019 Sub-section (1C) of section 197A of the Income-tax Act, 1961 (the Act) read with rule 29C of the Rules, inter alia, provides that no deduction of tax shall be made…
Income Tax… Procedure, format and standards for filing an application for grant of certificate for Lower deduction of Income-tax or no deduction of Income-tax under Section 197 (1) 26 Apr 2019 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi Notification No. 08/2018 New Delhi,31st December, 2018 Subject: - Procedure, format and standards…
Income Tax… CBDT notifies New ITR Forms for AY 2019-2020 5 Apr 20195 Apr 2019 CBDT vide notification No. 32/2019 dated 1st April 2019 amended the Income Tax Rules 1962 and added certain clauses to Rule 12 and released Income Tax Return Form Sahaj (ITR-1), Form ITR-2, Form…
Notifications No TDS on Interest Income upto Rs. 50,000 in case of Senior Citizens -CBDT 10 Dec 2018 CBDT has clarified by issuing a notification no. 06/2018 dated 06 December 2018, that no tax deduction at source under Section 194A shall be made in the case of Senior…
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