Category Archives: Income Tax

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 »

Income Tax TDS & TCS TREATISE Book : August 2019 Edition

By | September 11, 2019

TDS & TCS TREATISE WITH APPROPRIATE CHARTS, TABLES, CONVEYANCINGS 2019 by TAX PUBLISHERS Paperback – 20 Aug 2019 by AVADHESH OJHA [M.Sc., LL.B. (GOLD MEDALIST), Ph.D.] (Author), CA NISHA BHANDARI Price Rs 1055 Click here to buy online TDS and TCS are methods for recovery and collection of taxes following the principle ‘pay as you earn’. These measures are helpful… Read More »

Company Law Ready Reckoner 2019 BY Taxmann

By | September 9, 2019

Company Law Ready Reckoner- As amended by Companies (Amdt.) Act 2019 (7th Edition September 2019) Paperback – 2019 by Taxmann (Author) Price Rs 1895 Click here to buy online Paperback: 824 pages Publisher: Taxmann; 7th Edition September 2019 edition (2019) A Comprehensive Practitioner’s Guide to Companies Act 2013 as amended by the Companies (Amdt.) Act 2019 Incorporation of a Company Key… Read More »


By | September 9, 2019

DIRECT TAXES READY RECKONER 2019 by TAX PUBLISHERS Price Rs 950 Click here to buy online Paperback: 1416 pages Publisher: TAX PUBLISHERS; YEAR 2019 EDITION edition (16 August 2019) SECTION A : AMENDMENTS BY THE FINANCE ACT, 2019/FINANCE (NO. 2) ACT, 2019 Amendments by the Finance Act, 2019/Finance (No. 2) Act, 2019 SECTION B : READY REFERENCER A. Tax Rates for… Read More »

CBDT revised forms to apply for grant of Sec. 80G approval & exemption u/s 10(23C)

By | September 7, 2019

The CBDT has notified Income-tax (6th Amendment) Rules, 2019 wherein Rules 2C, 2CA and 11AA of the Income-tax Rules is substituted with new Rules 2C and 11AA. Further, the board also substituted the existing forms 56 [application for grant of the exemption under section 10(23C)(iv)(v)(vi)(via)] and 10G [Application for grant of approval to fund or… Read More »

CBDT Circular No 23 of 2019 : Monetary limits of Appeal will not apply to organised tax evasion activity.

By | September 7, 2019

The CBDT has issued circulars from time to time under section 268A for laying down monetary limits and other conditions for filing of departmental appeals before Tribunals and Courts. It is clarified by the board that the department may file appeal on the merits as an exception to issued circulars in cases where organised tax… Read More »