Category Archives: IT Circular

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 »

Assessment of Firms : CBDT New Circular No. 12/2019 for Assessing Officer

By | June 20, 2019

Assessment of Firms-Some of important issues to be kept under consideration by the Assessing Officers while framing assessment Circular No. 12/2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 19th of June, 2019 Subject: ‘Assessment of Firms’ some of the important issues to be kept… Read More »

Set-off of loss against income u/s 115BBE Allowed : CBDT Circular No. 11 /2019

By | June 20, 2019

Assessee is entitled to claim set-off of loss against income determined under section 115BBE of the Act till the assessment year 2016-17 Circular No. 11 /2019 Government of India  Ministry of Finance  Department of Revenue Central Board of Direct Taxes North-Block, New Delhi, dated the 19th of June, 2019 Subject: Clarification regarding non-allowability of set-off of losses… Read More »

CBDT condones delay in filing of audit report in Form 10B by trust/institution for AYs 2016-17 & 2017-18 : Circular No 10/2019

By | May 22, 2019

The Central Board of Direct Taxes (CBDT), considering the representations, has decided to condones the delay in filing of audit report in Form 10B by the trusts or institutions for the Assessment Years 2016-17 and 2017-18. The condonation shall be granted subject to fulfillment of conditions prescribed by the board. Circular No 10/2019 Dated Download… Read More »

Income Tax Return Data to be shared with GSTN : CBDT Order 30th April 2019

By | May 1, 2019

Income Tax Department to share ITR data with GSTN F. No. 225/105/2019/ITA.II Government of India  Ministry of Finance  Department of Revenue Central Board of Direct Taxes New Delhi, the 30th April, 2019 In exercise  of  powers  conferred  under section  138(1)(a) of the Income tax Act , 1961 (‘Act’),  for purposes of sub-clause (i)  of section… Read More »

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 »