34 FAQs on Provisions of Vivad se Vishwas Act 2020
CBDT has issued a set of 34 FAQs clarifying various provisions of the Direct Tax Vivad se Vishwas Act 2020, to facilitate the taxpayers on issues relating to scope/ …
Tag: CBDT
UDIN to be validated during uploading of Tax Audit Reports (TAR): CBDT
E-filing portal of Income Tax Deptt. (CBDT) shall validate UDIN generated from ICAI portal, during uploading of Tax Audit Reports (TAR), etc. with effect from 27/11/2020. Further, CAs who …
IT Relief for Real Estate Developers/ Home Buyers; Safe Harbour Limit Increased
As part of the Atmanirbhar Bharat Package 3.0 announced by the Finance Minister, Income Tax relief has been announced for Real Estate Developers and Home Buyers by way of increase …
CBDT further extends various Income Tax compliance Deadlines
CBDT further extends various Income Tax compliance deadlines prescribed under for Taxation & Other Laws (Relaxation of Certain Provisions) Ordinance, 2020, in view of the challenges being faced by …
Seventh Provsio to Section 139(1): Conditions for Mandatory filing of Tax Return (ITR) u/s 139(1)
Seventh Provsio to Section 139(1) inserted by the Finance Act, 2019 which pprescribes conditions for mandatory filing of Tax Return (ITR) u/s 139(1).
Rectification of Errors in Form 26AS
Reflection of incorrect entries in Form 26AS or omission of required entries therein, is a matter of concern and the assessee need to follow up for timely rectification/ correction …
PAN Aadhaar Linking Deadline Extended by CBDT upto 31/12/2019
CBDT has further extended the deadline for linking of PAN with Aadhaar for filing of Income Tax Return (ITR) from 30/09/2019 to 31/12/2019. It may be noted that CBDT …
CBDT guidelines on electronic assessments during FY 2019-20
CBDT issues guidelines for conducting electronic assessments during financial year 2019-20 through ‘E-Proceeding’ facility whereby assessees are required to electronically respond to any notice issued by the Assessing Officer …
Govt. raises threshold limits for filing Departmental Appeals before Tribunals/ HC/ SC
To reduce litigation, facilitate ease of doing business and to remove long pending grievances of taxpayers in the matters of direct/ indirect taxes, the Govt. has decided to raise …
CBDT’s Clarifications/ FAQs on Filling Up New ITR forms (FY 2018-19/ AY 2019-20)
New/ Revised Income-tax return (ITR) forms for Assessment Year 2019-20 have been notified on 1st April 2019, followed with release of Excel/ Java Utility and Instructions to support filing …