The CBDT had notified ‘Debit card powered by RuPay’ and ‘UPI’ notified as prescribed mode of payments for the purpose of section 269SU. Considering the maximum payment limit prescribed under these modes, which are aren’t relevant for B2B businesses, the CBDT has clarified that Sec. 269SU shall not be applicable in case of person having… Read More »
Circular No 11/2020 Dated 08.05.2020 F. No. 370142/18/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No 11/2020 Dated 08.05.2020 ***** Circular 11. of 2020 New Delhi, May 8, 2020 Clarification in respect of residency under section 6 of the Income-tax Act,1961 1. Section 6 of the Income–tax… Read More »
Circular No.10/2020 GST F. No. 37014219/20 18-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes TPL Division New Delhi, dated 24th April, 2020 Order under section 119 of the Income-tax Act, 1961 Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with rule 6G of the Income-tax Rules,… Read More »
Circular No 9/2020 Income tax F No. JT(A)/1/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Circular No 9/2020 Income tax FAQs on Direct Tax Vivad se Vishwas Act 2020 Dated 22nd April 2020 Sub.: Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 – reg.… Read More »
Circular No. 8/2020 : Clarification regarding short deduction of TDS/TCS due to increase in rates of surcharge by Finance (No. 2) Act, 2019 Circular No. 8/2020 F. No. 370133/S/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Room No. 147B-II, North Block, New Delhi Dated 13h April,… Read More »
TDS on Salary from FY 2020-21 onwards : Circular C 1 of 2020 : By Circular C 1 of 2020 CBDT clarified how to deduct TDS on Salary from FY 2020-21 onwards : F. No. 370142/13/2020-TPL Government of India Ministry of Finance Department of Rcvenue Central Board of Direct Taxes New Delhi, April 13,2020 Clarification… Read More »
Circular No. 71/2020 F. No. IT(A)l1I2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 4th March, 2020 Snb.: Clarifications on provisions of the Direct Tax Vivad se Vishwas Bill, 2020 – reg. During the Union Budget. 2020 presentation, the ‘Vivad se Vishwas’ Scheme was announced to provide for… Read More »
CBDT Circular No 4/2020 DEDUCTION OF TAX AT SOURCEINCOME-TAX DEDUCTION FROM SALARIES UNDER SECTION 192 OF THE INCOME-TAX ACT, 1961 DURING THE FINANCIAL YEAR 2019-20 Download Circular Click here
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 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 »