Category Archives: IT Notification

Exemption to unauthorized colony from Income Tax by CBDT : Notification

By | November 13, 2019

The Central Board of Direct Taxes (CBDT) has notified a new Rule 11UAC in which it provided that provisions of Sec. 56(2)(x) shall not be applicable to any immovable property received by resident of unauthorized colony. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 11th November, 2019 G.S.R.… Read More »

ACIT (e-Verification) will issue Income Tax Notice u/s 143(2) : Notification

By | September 16, 2019

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 13th September, 2019 (INCOME-TAX) S.O. 3279(E).—In pursuance of the powers conferred by sub-section (1) and (2) of section 120 and sub-section (2) of Section 143 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as said Act), read… Read More »

Govt Directions for E Assessment under Income Tax : Notification

By | September 13, 2019

NOTIFICATION New Delhi, the 12th September, 2019 (INCOME-TAX) S.O. 3265(E).—In exercise of the powers conferred by sub-section (3B) of section 143 of the Income-tax Act, 1961 (43 of 1961), for the purposes of giving effect to the E-assessment Scheme, 2019 made under sub-section (3A) of section 143 of the Act, the Central Government hereby makes… Read More »

E-assessment Scheme 2019 of Income Tax Act Notified

By | September 13, 2019

E-assessment Scheme 2019 of Income  : Video Explanation by CA satbir Singh Notification on E-assessment Scheme 2019 of Income MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th September, 2019 (INCOME-TAX) S.O. 3264(E).–In exercise of the powers conferred by sub-section (3A) of section 143 of the Income-tax Act,… Read More »

CII (Cost Inflation) Index for FY 2019-20 Notified under Income tax

By | September 13, 2019

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th September, 2019 (INCOME-TAX) S.O. 3266(E).—In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification… Read More »

CBDT revised forms to apply for grant of Sec. 80G approval & exemption u/s 10(23C)

By | September 7, 2019

The CBDT has notified Income-tax (6th Amendment) Rules, 2019 wherein Rules 2C, 2CA and 11AA of the Income-tax Rules is substituted with new Rules 2C and 11AA. Further, the board also substituted the existing forms 56 [application for grant of the exemption under section 10(23C)(iv)(v)(vi)(via)] and 10G [Application for grant of approval to fund or… Read More »

NO Incentives to CIT(A) for Passing Quality Orders : CBDT

By | August 13, 2019

F. No. 272/M-42/2018-ITJ Government of India Ministry of Finance Department of Revenue Central Boa rd of Direct Taxes Judicial Section New Delhi, 9th May 2019 OFFICE MEMORANDUM Sub : Judgement of Bombay High Court In W.P No. 3343 of 2018 and PIL No. 144 of 2018- Incentivisation of CIT(A) In Central Action Plan 2018-19-reg Reference:… Read More »

Compounding of Offences revised guidlines issued by CBDT

By | June 15, 2019

The Central Board of Direct Taxes (CBDT) has issued Guidelines for Compounding of Offences under Direct Tax Laws, 2019 in supersession of earlier Guidelines dated 23-12-2014 These Guidelines shall come into effect from 17.06.2019 and shall be applicable to all applications for compounding received on or after the aforesaid date. F.No. 285/08/2014-IT(Inv.V)/147 Government of India Ministry… Read More »