CBDT extends due dates for filing of Income Tax Returns and various reports of audit for Assessment Year 2021-22 Posted On: 09 SEP 2021 On consideration of difficulties reported by the taxpayers and other stakeholders in filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22 under the Income-tax Act,… Read More »
How to get NRI Lower TDS Certificate on Property Sale ISection 195 of Income Tax
e-Filing portal of the Income Tax Department – updates Posted On: 08 SEP 2021 The e-Filing portal of the Income Tax Department (www.incometax.gov.in) was launched on 7th June, 2021. Taxpayers and professionals have reported glitches and difficulties in the portal since then. The Ministry of Finance has been regularly monitoring the resolution of issues with Infosys… Read More »
New Income Tax Changes I Notice & Assessement I CA Satbir Singh
F. No.225/97/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *************** New Delhi, Dated 6th September, 2021 To, F. No.225/97/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes *************** ~ \ New Delhi, Dated b September, 2021 All Principal Chief Commissioners of Income… Read More »
Income Tax Notification No101 /2021 : Income-tax (27th Amendment) Rules, 2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 6th September, 2021 G.S.R. 616(E).—In exercise of the powers conferred by sub-clause (b) of clause (i) of sub-section (7) of section 144B read with section 295 of the Income-tax… Read More »
CBDT amends Income-tax Rules, 1962 to ease authentication of electronic records submitted in faceless assessment proceedings Posted On: 07 SEP 2021 For easing the process of authentication of electronic records in faceless assessment proceedings, the Government has amended Income-tax Rules, 1962 (‘the Rules’) vide notification no G.S.R. 616(E) dated 6th September, 2021. The amended Rules provides… Read More »
CBDT allows taxpayers an opportunity to file application for settlement Posted On: 07 SEP 2021 The Finance Act, 2021 has amended the provisions of the Income-tax Act, 1961 (“the Act”) to inter alia provide that the Income-tax Settlement Commission (“ITSC”) shall cease to operate with effect from 01.02.2021. Further, it has also been provided that no application… Read More »
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 Dated, the 6 th September, 2021 Order under sub-section (2) of Section 144B of the Income-tax Act. 1961 (the Act) for specifying the scope/cases to be done under the Act – regarding The Faceless… Read More »
CBDT Order under section 119 of the Income-tax Act. 1961providing exclusions to section 144B of the Act. F No. 187/3/2020-ITA-I Government of India Ministry of Finance Department of Revenue (Central Board of Direct Taxes) ***** ORDER North Block, New Delhi Dated, the 6 th September, 2021 Order under section 119 of the Income-tax Act. 1961… Read More »