Category Archives: IT Circular

Validity of ITR filed without quoting of Aadhaar prior to 01.04.2019 : Circular No 6/2019

By | April 1, 2019

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesNorth Block, New Delhi, Circular No. 6/2019 Dated: 31st of March, 2019 Subject: Giving effect to the judgement(s)/order(s) of Hon’ble Supreme Court on Aadhaar-PAN for filing return of income- regd.- As per clause (ii) of sub-section (1) of section 139AA of the Income-tax Act, 1961,… Read More »

CBDT Circular on TDS from salaries during FY 2018-19 u/s 192. : CIRCULAR NO 01 /2019

By | January 3, 2019

CBDT Circular on TDS from salaries during FY 2018-19 u/s 192. : CIRCULAR NO 01 /2019 DEDUCTION OF TAX AT SOURCEINCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING THE FINANCIAL YEAR 2018-19 NEW DELHI, the 1 st January, 2019 Download CIRCULAR NO 01 /2019 Click here Read / Download CIRCULAR NO… Read More »

Extension of due date for furnishing report u/s 286 (4) of Income-tax Act 1961 

By | December 27, 2018

Extension of due date for furnishing report u/s 286 (4) of Income-tax Act 1961 Extension of the due date for furnishing of report u/s 286 (4) of the Income-tax Act 1961 by constituent entity. Circular  No. 9/2018 F No 370142/17/2018 -TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New… Read More »

CBDT allowed to admit belated application in Form No 9A and Form No 10 : Circular 7/2018

By | December 21, 2018

CBDT authorizes CIT u/s 119(2)(b) to admit belated applications in Form No. 9A and Form No.10 in respect of AY 2016-17-Circular 7/2018 Circular No. 7 / 2018 F.No.197/55/2018-ITA-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi 20th December  , 2018 Sub:  Condonation of delay under… Read More »

Scope Extended by CBDT for filing Appeal by Income Tax Department for Low Tax Effect :Circular No. 3 of 2018 modified

By | August 22, 2018

Appeal by Income Tax Department for Low Tax Effect The Central Board of Direct Taxes (CBDT) has modified Para 10 of Circular No. 3 of 2018 issued on 11-07-2018 that provides that adverse judgement relating to issues enumerated in said para should be contested no merits notwithstanding that the tax effect entailed is less than… Read More »

CBDT Circular No 5/2018 : Clarification on immunity provided u/s 270AA of Income-tax Act, 1961

By | August 21, 2018

Circular No 5/2018 F. No. 370149/155/2018-TPL Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) New Delhi, Dated 16th August, 2018 Clarification on the immunity provided u/s 270AA of the Income-tax Act, 1961 Section 270AA of the Income-tax Act, 1961 (the Act) inter alia provides that w.e.f. 1 st April,… Read More »

CBDT Circular No 6/2018 : GAAR & GST Compliance disclosure in Tax Audit Report Deferred

By | August 17, 2018

Circular No 6/2018 Govt Deferred General Anti-Avoidance Rules ( GAAR)  & GST Compliance disclosure in Tax Audit Report (Form 3CD) F. No. 370142/9/2018-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division New Delhi, Dated the 17th of August, 2018 Order under section 119 of the Income-tax Act, 1961 Section 44AB of… Read More »

CBDT Circular No 4/2018 : Export & total turnover for Sec. 10A purpose clarified

By | August 14, 2018

CBDT Circular No 4/2018 The  Central Board of Direct Taxes (CBDT) following Apex Court ruling in case of HCL Technologies [2018] (SC) has clarified that freight, telecommunication charges and insurance expenses are to be excluded from both ‘export turnover’ and ‘total turnover’ while working out deduction admissible under section 10A. Download CBDT Circular No 4/2018 Dated… Read More »

CBDT Circular No 3/2018 threshold limit for filing of appeal before ITAT, High Courts & Supreme Court : Download/ Print

By | July 12, 2018

CBDT raises threshold limit for filing of appeal before ITAT, High Courts and Supreme Court CBDT Circular No 3/2018 Summary of CBDT Circular No 3/2018 With a motive to reduce the litigation on Income-tax matters the CBDT Circular No 3/2018 has sharply increased the threshold limit for filing of appeal before judicial authorities. The revised limit… Read More »

CBDT released Explanatory Notes to the Provisions of the Finance Act 2017 : CIRCULAR No 2/2018

By | February 16, 2018

CIRCULAR No. 2/2018 EXPLANATORY NOTES TO THE PROVISIONS OF THE FINANCE ACT, 2017 F. No. 370142/15/2017-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated, 15th of February, 2018 CIRCULAR NO.2/2018 [F.NO.370142/15/2017-TPL], DATED 15-2-2018 Section/Schedule Particulars/Paragraph number Finance Act, 2017 First Schedule Rate Structure, 3.1-3.4 Chapter III Income-tax Act, 1961 2… Read More »