New Income Tax Changes I Notice & Assessement I CA Satbir Singh
New Income Tax Changes I Notice & Assessement I CA Satbir Singh
Daily Archives: September 8, 2021
CBDT Guidlines for handling of assessment by Jurisdictional Assessing Officers
F. No.225/97/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *************** New Delhi, Dated 6th September, 2021 To, F. No.225/97/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *************** ~ \ New Delhi, Dated b September, 2021 All Principal Chief Commissioners of Income… Read More »
Income Tax Notification No101 /2021 : Income-tax (27th Amendment) Rules, 2021 : Rule 14C inserted faceless assessment authentication
Income Tax Notification No101 /2021 : Income-tax (27th Amendment) Rules, 2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 6th September, 2021 G.S.R. 616(E).—In exercise of the powers conferred by sub-clause (b) of clause (i) of sub-section (7) of section 144B read with section 295 of the Income-tax… Read More »
CBDT amends Income-tax Rules for submisison of records for faceless assessment proceedings
CBDT amends Income-tax Rules, 1962 to ease authentication of electronic records submitted in faceless assessment proceedings Posted On: 07 SEP 2021 For easing the process of authentication of electronic records in faceless assessment proceedings, the Government has amended Income-tax Rules, 1962 (‘the Rules’) vide notification no G.S.R. 616(E) dated 6th September, 2021. The amended Rules provides… Read More »
CBDT allows taxpayers an opportunity to file application for settlement
CBDT allows taxpayers an opportunity to file application for settlement Posted On: 07 SEP 2021 The Finance Act, 2021 has amended the provisions of the Income-tax Act, 1961 (“the Act”) to inter alia provide that the Income-tax Settlement Commission (“ITSC”) shall cease to operate with effect from 01.02.2021. Further, it has also been provided that no application… Read More »