Category Archives: IT Circular

CBDT extends due-date for TDS & certificate u/s 194M for Sept. & Oct. 2019 : Circular No 31/2019

By | December 20, 2019

The CBDT has extended due date for payment of tax deducted at source and furnishing of challan-cum-statement in Form 26QD under section 194M for September 2019 and October 2019 till 31-12-2019. Consequently, the due date for furnishing certificate in Form 16D has also been extended till 15-01-2020. Circular No 31/2019 F. No. 370142/18/2019-TPL Government of… Read More »

Circular No 26 of 2019 CBDT : Income Tax Return Clarifications on ITR-5, ITR-6 and ITR-7

By | September 27, 2019

Circular No. 26 of 2019- CBDT clarifies on certain issues relating to filing of Forms ITR-5, ITR-6 and ITR-7 which includes furnishing of details of shareholding in Schedule SH-1 / SH-2, details of assets and liabilities in Schedule AL-1 / AL-2. It also provide solutions to queries of Partnership firms and Trusts. Circular No. 26… 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 »

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 »

CBDT Circular No 21 of 2019 : Clarifications for filling-up of the ITR for AY 2019-20

By | August 28, 2019

Clarifications in respect of filling-up of the ITR forms for the Assessment Year 2019-20 The Income-tax Return (ITR) forms for the Assessment Year (A.Y.) 2019-20 were notified vide Circular No. 21 of 2019 F.No. 370142/1/2019-TPL (Pt.-1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 27th August, 2019… Read More »

CBDT Circular No 19/2019 Dated 14th Aug 2019 : Income Tax Notice and Order Communication process

By | August 14, 2019

Circular No. 19/2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, dated the 14th August, 20 19 Subject: Generation/Allotment/Quoting of Document Identification Number in Notice/Order/Summons/letter/correspondence issued by the Income-tax Department – reg. With the launch of various e-governance initiatives, Income-tax Department is moving toward total computerization of… Read More »

FAQs for ITR Filing AY 2019-20 : CBDT circular No 18/2019

By | August 8, 2019

Circular No. 18 of 2019 F.No. 370142/1/2019-TPL (Pt-1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated: 8th August, 2019 Clarification in respect of filling-up of the ITR forms for the Assessment Year 2019-20 The Income-tax return (ITR) forms for the Assessment Year (AY) 2019-20 were notified… Read More »

Disabled armed forces Pension Exemption : CBDT CIRCULAR No. 13/ 2019

By | June 25, 2019

Exemption of pension granted to disabled armed forces personnel available to all ranks but not to those retired on superannuation or otherwise CIRCULAR No. 13/ 2019 F. No. 173/250/2019-ITA-1 Government of India Ministry of Finance Department  of  Revenue Central Board of Direct Taxes North Block, New Delhi the 24th June, 2019 Subject: Exemption of service element… Read More »