Faceless Appeal Scheme 2020 I Income Tax Notification No 76/2020 Download

By | September 27, 2020

[Notification No. 76/2020/F.No. 370142/33/2020-TPL] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th September, 2020 (INCOME-TAX) S.O. 3296(E).—In exercise of the powers conferred by sub-section (6B) of section 250 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme, namely:__ 1. Short… Read More »

No requirement of scrip wise reporting in ITR for day trading and short-term sale or purchase of listed shares

By | September 27, 2020

Ministry of Finance No requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares Posted On: 26 SEP 2020 There was a report in certain section of media that stock traders/day traders are required to furnish scrip wise details in the return of income for AY 2020-21. The gain… Read More »

Faceless Appeals launched by CBDT – Honoring The Honest

By | September 25, 2020

Ministry of Finance Faceless Appeals launched by CBDT today- Honoring The Honest Posted On: 25 SEP 2020 The Income Tax Department today launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be finalised in a faceless manner under the faceless ecosystem with the exception of appeals relating to serious frauds, major… Read More »

ACIT/DCIT authorised to issue scrutiny notice u/s 143 of IT Act

By | September 25, 2020

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th September, 2020 (INCOME-TAX) S.O. 3304(E).—In exercise of powers conferred under sub-section (2) of section 143 of Income-tax Act, 1961 (43 of 1961) (the Act) read with Rule 12E of the Income-tax Rules, 1962, the Central Board of Direct Taxes… Read More »

New updates on GST Portal I GSTR 4I GSTR 10 I ITC Comparison table I CA Satbir singh

By | September 24, 2020

New updates on GST Portal I GSTR 4I GSTR 10 I ITC Comparison table I CA Satbir Singh Relief in late fees to Taxpayers filing Form GSTR-4 or 10 and change in navigation of Comparison of liability declared and ITC claimed report 23/09/2020 Relief to Composition Taxpayers in late fees for delayed filing of Form… Read More »

Notification No 68/2020 Central Tax : GSTR 10 Late Fees waiver

By | September 22, 2020

GSTR 10 Late Fees waiver NOTIFICATION New Delhi, the 21st September, 2020 No. 68/2020 – Central Tax G.S.R. 573(E).—In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), the Government, on the recommendations of… Read More »

Notification No 67/2020 Central Tax : GSTR 4 Late fees waiver

By | September 22, 2020

GSTR 4 Late fees waiver NOTIFICATION New Delhi, the 21st September, 2020 No. 67/2020 – Central Tax G.S.R. 572(E).—In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with section 148 of the… Read More »