Only DG Investigation and Commissionerates TDS authorised to have power to order income tax survey u/s 133A with effect from 13th August, 2020. F. No. 187/3/2020-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** North Block, New Delhi – 110001. Dated the 13th August, 2020 ORDER Subject: Order under section… Read More »
All Assessment to be Faceless and orders to be passed by National e-Assessment Centre from 13.08.2020 F. No. 187/3/2020-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** North Block, New Delhi – 110001. Dated the 13th August, 2020 ORDER Subject: Order under section 119 of the Income –tax Act, 1961… Read More »
Section 80G deduction for PM Care Fund based on Certificate issued by Employer : CBDT Section 80G In case donation is made by Employee through his or her employer, the fund may not be able to issue certificate to every such employee . Thus deduction can be claimed on the basis of Certificate issued by… Read More »
Processing of returns with refund claims which were not processed within the time allowed u/s 143(1) due to some technical or other reasons ITBA-Processing Instruction No 4 DIRECTORATE OF INCOME TAX (SYSTEM) ARA Center, Ground Floor, E-2, Jhandewalan Extension, New Delhi – 110055 F.No. System/ITBA/Instruction/ITR Processing/177/16-17/ Dated: 08.10.2018 To, All Principal Chief Commissioners of Income-tax/CCsIT… Read More »
CBDT mandates ‘e-proceeding’ in majority of cases during FY 2018-19 The Central Board of Direct Taxes has directed that assessment proceedings during the year 2018-19 shall be conducted electronically through e-proceeding facility in all cases where assessment is required to be framed under section 143(3) during the year 2018-19. It also list down 7 exceptions… Read More »
The Central Board of Direct Taxes (CBDT) has laid down guidelines for manual selection of returns for scrutiny assessment during the Financial Year 2018-19. The guidelines are almost similar to procedure issued last year for selection of scrutiny cases during the Financial Year 2017-18. Download Instruction No 4/2018 Income Tax
The Central Board of Direct Taxes (CBDT) has extended the last date for linking of Aadhaar with PAN from March 31, 2018 to June 30, 2018. This is the 3rd time, CBDT has extended the due date for linking Aadhaar number with PAN. F. No.225/270/2017 /ITA.II Government of India Ministry of Finance Department of Revenue… Read More »
SECTION 143, READ WITH SECTIONS 142 & 2(23C), OF THE INCOME-TAX ACT, 1961 – ASSESSMENT – CONDUCT OF ASSESSMENT PROCEEDINGS IN SCRUTINY CASES ELECTRONICALLY INSTRUCTION NO.1/2018 [F.NO.225/157/2017-ITA.II], DATED 12-2-2018 Sub-section (23C) of Section 2 of the Income-tax Act, 1961 (Act), applicable from 1-6-2016, provides that “hearing” includes communication of data and documents through electronic mode. Accordingly to facilitate… Read More »
F.No. DGIT(Vig.)/HQ/Sl/2017-18 Government of India Ministry of finance Department of Revenue Central Board of Direct Taxes New Delhi-11 0001 Dated: 30th November, 2017 Subject: Unauthorized expansion of the scope of limited scrutiny- instructions- reg. CBDT has issued detailed guidelines/ directions for completion of cases of limited scrutiny selected through CASS module. These guidelines postulate that an… Read More »
The Central Board of Direct Taxes (CBDT) has issued directions related to some important issues which are to be considered by AO while framing scrutiny assessments pertaining to filing of revised/belated returns by assessee’s post-demonetisation. Dated 24th November 2017 F.No.225/291/2017/ITA.II FOR DEPARTMENTAL USE ONLY F. No. 225/391/2017/ITA.II Government of India Ministry of Finance Department of… Read More »