Category Archives: IT Notification

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 »

Date Extended for Salary TDS Return in 24Q and TDS Certificate for FY 2018-19

By | June 4, 2019

F.No.275/38/2017 -IT(8) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi 4th June, 2019 ORDER UNDER SECTION 119 OF THE INCOME-TAX ACT, 1961 With a view to redress genuine hardship of deductors in timely filing of TDS statement in Form 24Q on account of revision of… Read More »

Salary TDS certificate part B to be issued from TRACES portal: CBDT Notification No 9/2019

By | May 7, 2019

The Central Board of Direct Taxes (CBDT) has made it mandatory all deductors to issue the TDS certificate in Part B of Form no. 16 by downloading it through TRACES Portal. This will be applicable in respect of all sums deducted on or after April 1, 2018 under the provision of Section 192. CBDT Notification… Read More »

CBDT Amended notification for New Income Tax Form 16 : Notification No 38/2019

By | May 6, 2019

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 38/2019 New Delhi, the 3rd May, 2019 G.S.R. 347(E).—In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct taxes), published on the 12th April, 2019, vide G.S.R. 304(E), in the Gazette of India, Extraordinary, Part… Read More »

CBDT Notification No 36/2019 New salary TDS Form No 16 and Form No. 24Q

By | April 17, 2019

Notification No. 36/2019 Amendment of Form No. 16 and Form No. 24Q Dated 12th April 2019 The CBDT has notified changes in Form 16 (TDS Certificate for Salary Income) and Form 24Q (TDS return in respect of salary). The changes have been made to bring TDS certificate in sync with new ITR forms issued for… Read More »

CBDT Central Action Plan for Q1 of FY 2019-20

By | April 13, 2019

IAP: 2019-20 (For Departmental use only) MOST IMMEDIATE BY FAX F.NO. 380/1/2019-IT(B) Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes North Block, New Delhi 12th April 2019 To All Pr. Chief Commissioners of Income tax & Pr. Director Generals of the attached Directorates of CBDT Subject: Central Action Plan for the… Read More »