Monthly Archives: September 2019

Aadhaar verification to be mandatory for GST Registration from Jan 2020

By | September 14, 2019

Aadhaar verification to be mandatory for new dealers from Jan 2020 In order to check malpractices in GST, the GST Network on Saturday ( 14.09.2019) decided to make Aadhaar authentication or physical verification mandatory for new dealers from January 2020. “Aadhaar authentication of new dealers will be mandatory. Earlier it was optional. But we have… Read More »

Govt Directions for E Assessment under Income Tax : Notification

By | September 13, 2019

NOTIFICATION New Delhi, the 12th September, 2019 (INCOME-TAX) S.O. 3265(E).—In exercise of the powers conferred by sub-section (3B) of section 143 of the Income-tax Act, 1961 (43 of 1961), for the purposes of giving effect to the E-assessment Scheme, 2019 made under sub-section (3A) of section 143 of the Act, the Central Government hereby makes… Read More »

E-assessment Scheme 2019 of Income Tax Act Notified

By | September 13, 2019

E-assessment Scheme 2019 of Income  : Video Explanation by CA satbir Singh Notification on E-assessment Scheme 2019 of Income MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th September, 2019 (INCOME-TAX) S.O. 3264(E).–In exercise of the powers conferred by sub-section (3A) of section 143 of the Income-tax Act,… Read More »

CII (Cost Inflation) Index for FY 2019-20 Notified under Income tax

By | September 13, 2019

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th September, 2019 (INCOME-TAX) S.O. 3266(E).—In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification… Read More »

CBDT Circular No. 25/2019  : Relaxation for compounding of offences

By | September 12, 2019

A taxpayer seeking compounding of offence is required to file application within 12 months from the end of the month in which prosecution complaint has been filed in the court of law. As a onetime measure, the CBDT has clarified that application filed before the competent authority on or before 31-12-2019 shall be deemed to… Read More »

CBDT Circular No 24 /2019 : No prosecution for TDS and Income tax Default

By | September 12, 2019

CBDT issues Guidelines for identification & processing of cases for prosecution under Income Tax Act. Constitution of Collegium of 2 CCIT/DGIT rank officers. CBDT Guidelines for prosecution of cases  Circular No.  24 /2019 F.No.285/08/2014-IT(Inv. V)/349 Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ******* Room No. 515, 5th Floor,… Read More »