| Notifications/Circulars |
Category : CBDT |
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CBDT Defers GST & GAAR reporting till 31.03.2022
Posted Date : 27-Mar-2021 , 08:18:02 am | Posted By: CASANSAAR
Section 44AB of the Income-tax Act, 1961 (`the Act’) read with rule 60 of the Income-tax Rules, 1962 (`the Rules’) requires specified persons to furnish the Tax Audit Report along with the prescribed particulars in Form No. 3CD. The existing Form No. 3CD was amended vide notification no. GSR 666(E) dated 20th July, 2018 with effect from 20th August, 2018. However, the reporting under clause 30C and clause 44 of the Tax Audit Report was kept in abeyance till 31st March, 2019 vide Circ...
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CBDT rejects all representations for Extension of Due Dates
Posted Date : 12-Jan-2021 , 08:05:03 am | Posted By: CASANSAAR
The Hon'ble Gujarat High Court vide judgement dated 8 th January, 2021 in the case of The All India Gujarat Federation of Tax Consultants Vs. Union of India, SCA 13653 of 2020, has directed the Ministry of Finance to look into the issue of extension of due dates for filing of Audit Report under section 44AB of the Income tax Act more particularly the representation dated 12.10.2020 and take an appropriate decision in accordance with law....
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CBDT amends Form 3CD, Form No 3CEB, ITR6, & Inserted New Forms & Rules
Posted Date : 03-Oct-2020 , 10:44:48 am | Posted By: CASANSAAR
G.S.R. 610(E).—In exercise of the powers conferred by section 44AB, section 92E, clause (iv) of sub-section (2) of section 115BAA, sub-clause (iii) of clause (c) of sub-section (2) of section 115BAB, clause (iii) of sub-section (2), proviso to sub-section (3) and sub-section (5) of section 115BAC, clause (iii) of sub-section (2), proviso to sub-section (3) and sub-section (5) of section 115BAD read with section 295 the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes he...
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CBDT issues Guidelines under section 194-O (4) and section 206C (1-I) of the Income-tax Act, 1961
Posted Date : 30-Sep-2020 , 08:12:42 am | Posted By: CASANSAAR
Circular No. 17 of 2020
F. No. 370133/22/2020-TPL
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
(TPL Division)
****
Dated: 29th September, 2020
Sub.: Guidelines under section 194-O (4) and section 206C (1-I) of the Income-tax Act, 1961 —reg.
Finance Act, 2020 inserted a new section 194-0 in the Income-tax Act 1961 (hereinafter referred to as “the Act-) which mandates that with effect from 1st day of October, 2020, an e-c...
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CBDT notifies Faceless Assessment procedure
Posted Date : 14-Aug-2020 , 10:45:37 am | Posted By: CASANSAAR
S.O. 2746(E). —In exercise of the powers conferred by sub-section (3B) of section 143 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, published in the Gazette of India, Extraordinary, vide number S.O 3265 (E) dated the 12th September, 2019, namely: —...
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CBDT notifies Procedure for assessment under Faceless Assessment
Posted Date : 14-Aug-2020 , 10:44:27 am | Posted By: CASANSAAR
S.O. 2745 (E). —In exercise of the powers conferred by sub-section (3A) of section 143 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments in the E-assessment Scheme, 2019 published vide notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, in the Gazette of India, Extraordinary, vide number S.O 3264 (E) dated the 12th September, 2019, namely: —...
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Extension of due date for Income Tax Returns for FY 2018-19 - CBDT
Posted Date : 30-Jul-2020 , 09:04:29 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi
Notification No. 56/2020-Income Tax
Dated: 29th July, 2020
TAXATION AND OTHER LAWS
S.O. 2512(E).– In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (2 of 2020), the Central Government hereby makes the following amendment in the notification of the Government of India, Ministry of Finance, Dep...
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One-time relaxation for Verification of Income tax-returns - CBDT
Posted Date : 14-Jul-2020 , 09:00:54 am | Posted By: CASANSAAR
Circular No. 13/2020
F. No. 225/59/2020/ITA-II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, dated the 13th of July, 2020
Subject: – One-time relaxation for Verification of tax-returns for the Assessment years2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-filing of ITR-V form and processing of such returns–reg.
In respect of an Income-tax Return (ITR) which is filed electronically wi...
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CBDT notifies extension of time limits under the Income-tax Act, 1961 and related Acts
Posted Date : 25-Jun-2020 , 08:30:36 am | Posted By: CASANSAAR
S.O. 2033(E).– In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (2 of 2020) (hereinafter referred to as the Ordinance), the Central Government hereby specifies , for the purposes of the said sub-section (1),-...
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CBDT Notifies Cost Inflation Index for Financial Year 2020-21
Posted Date : 13-Jun-2020 , 10:46:02 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi
Notification No. 32/2020-Income Tax
Dated: 12th June, 2020
S.O. 1879(E).—Inexercise of the powers conferred by clause (v) of theExplanationto section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, pu...
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CBDT notifies ITR forms for A.Y. 2020-21
Posted Date : 01-Jun-2020 , 10:13:29 am | Posted By: CASANSAAR
G.S.R. 338(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:—...
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CBDT notifies revised Form 26AS
Posted Date : 29-May-2020 , 10:15:54 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 30/2020
New Delhi, the 28th May, 2020
INCOME-TAX
G.S.R. 329(E).—In exercise of the powers conferred by section 285BB read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:—
1. Short title and commencement.-(1) These rules may be called the Income-tax ...
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​Amendment of the Income-tax Rules, 1962 to provide for Safe Harbour Rule
Posted Date : 22-May-2020 , 09:27:47 am | Posted By: CASANSAAR
G.S.R. 304(E).— In exercise of the powers conferred by section 295 read with sub-section (2) of section 92CB of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:...
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Clarifications in respect of prescribed electronic modes under section 269SU of the income-tax Act, 1961 - CBDT
Posted Date : 21-May-2020 , 09:23:34 am | Posted By: CASANSAAR
Circular No. 12/2020
F.No.370142/3512019-TPL
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
****
Dated: 20th May, 2020
Subject: Clarifications in respect of prescribed electronic modes under section 269SU of the income-tax Act, 1961 — reg.
In furtherance to the declared policy objective of the Government to encourage digital transactions and move towards a less-cash economy, a new provision namely Section 269SU was inserted in t...
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Clarification in respect of residency under section 6 of the Income-tax Act,1961​ - CBDT
Posted Date : 09-May-2020 , 10:05:49 am | Posted By: CASANSAAR
Clarification in respect of residency under section 6 of the Income-tax Act,1961​ - CBDT Circular No. 11 of 2020 dated 08/05/2020...
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Further clarification on provisions of the Direct Tax Vivad se Vishwas Act, 2020
Posted Date : 28-Apr-2020 , 09:05:33 am | Posted By: CASANSAAR
​Corrigendum to Circular No. 9/2020 regarding Further clarification on provisions of the Direct Tax Vivad se Vishwas Act, 2020...
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CBDT issues Order u/s 119 of on issue of certificates for lower rate/nil deduction/collection of TDS or TCS
Posted Date : 31-Mar-2020 , 02:12:04 pm | Posted By: CASANSAAR
Due to outbreak of thc p3Ildel1lic Covid·19 virus, th~re is se'ere disruptiol1 III the nOllllal working of almost all sectors. including functioning of the Income _ ta.x Depanmenl In such a sccnario. the applications filed by thc payces uls 195 and 197 of the Act for lo,,'er or nil rate of d.:duetion of ms and applications b} buycrsfliccnSl.:es/lessces uls 206C (9) of tile Act for lowcr or l1i l rate of collection of lCS for F.Y. 2020-21 . ha'e not been attended in a timcly ...
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CBDT Amends rule 10DA and rule 10DB of Income Tax Rules
Posted Date : 09-Jan-2020 , 10:01:00 am | Posted By: CASANSAAR
G.S.R. 14(E).—In exercise of the powers conferred by sub-section (1) and sub-section (4) of section 92D and sub-section (8) of section 286 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely: -
...
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CBDT notifies ITR-1 and ITR-4 for Assessment year 2020-21
Posted Date : 06-Jan-2020 , 09:19:08 am | Posted By: CASANSAAR
G.S.R. 9(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:— 1. Short title...
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CBDT notifies Revised Form No. 10DA – Section 80JJAA Report
Posted Date : 20-Dec-2019 , 09:41:17 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 104/2019-Income Tax
New Delhi, the 18th December, 2019
G.S.R. 937(E).—In exercise of the powers conferred by clause (c) of sub-section (2) of section 80JJAA read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. Short title and commencement:- (1) These r...
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​Waiver of Interest for TDS deducted under section 194M
Posted Date : 20-Dec-2019 , 07:21:56 am | Posted By: CASANSAAR
Order under section 119(2) of the Income-tax Act, 1961- Extension of the due date of pavment of tax deducted at source under 194M of the Ac...
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CBDT notifies New Form no. 16D & 26 QD for TDS Payment & Retun
Posted Date : 19-Nov-2019 , 09:18:15 pm | Posted By: CASANSAAR
​Amendment of Income-tax Rules, 1962 for notifying Challan-cum statement for the purposes of section 194M of the Income-tax Act, 1961...
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CBDT grants exemption to resident of unauthorised colony
Posted Date : 14-Nov-2019 , 08:30:28 am | Posted By: CASANSAAR
G.S.R. 836(E).— In exercise of the powers conferred by clause (XI) of the proviso to clause (x) of sub-section (2) section 56 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following rules further to amend the Income-tax Rules,1962, namely:─...
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CBDT exempts from TDS cash withdraws by Authorised dealer & FFMC
Posted Date : 17-Oct-2019 , 09:42:17 am | Posted By: CASANSAAR
S.O. 3719(E).—In exercise of the powers conferred by clause (v) of proviso to section 194N of the Income-tax Act, 1961 (43 of 1961), the Central Government, after consultation with the Reserve Bank of India (RBI), hereby specifies,-...
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CBDT notifies Income-tax Authorities to facilitates conduct of e-assessment
Posted Date : 25-Sep-2019 , 08:35:04 am | Posted By: CASANSAAR
S.O. 3435(E).—In pursuance of the powers conferred by sub-sections (1), (2) and (5) of Section 120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby directs that the Income-tax Authority specified in column (2) of Schedule below, having its headquarters at the place mentioned in column (3) of the said Schedule, shall exercise and perform, concurrently, the powers and functions of the Assessing Officer, to facilitate the conduct of E-assessment proceedings i...
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Exemption to commission agents or traders operating under APMC - CBDT
Posted Date : 24-Sep-2019 , 09:11:05 am | Posted By: CASANSAAR
S.O. 3427(E).—In exercise of the powers conferred by clause (v) of the proviso to section 194N of the Income-tax Act, 1961 (43 of 1961), the Central Government after consultation with the Reserve Bank of India, hereby specifies the commission agent or trader, operating under Agriculture Produce Market Committee (APMC), and registered under any Law relating to Agriculture Produce Market of the concerned State, who has intimated to the banking company or co-operative society or post office h...
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Higher depreciation on certain motor cars, motor buses, motor lorries and motor taxis - CBDT
Posted Date : 24-Sep-2019 , 09:08:51 am | Posted By: CASANSAAR
G.S.R. 679 (E).—In exercise of the powers conferred by section 32 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby, makes the following rules to further amend the Income-tax Rules, 1962, namely:...
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CBDT omits Proviso to Sub-Rule (5) of Rule 2F of Income-tax Rules 1962
Posted Date : 18-Sep-2019 , 07:41:01 am | Posted By: CASANSAAR
G.S.R. 661(E).—In exercise of the powers conferred by clause (47) of section 10 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely: —...
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CBDT revise forms and rules of Approval of Application U/s. 80G & 10(23C)
Posted Date : 10-Sep-2019 , 09:47:56 am | Posted By: CASANSAAR
S.O. 3215(E).—In exercise of the powers conferred by the first proviso to clause (23C) of sub-section (1) of section 10 and clause (vi) of sub-section (5) of section 80G read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely: —...
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CBDT constitutes Start-up Cell for redressal of grievances related to Start-ups
Posted Date : 31-Aug-2019 , 10:32:12 am | Posted By: CASANSAAR
One of the measures pertaining to taxation announced by the Hon’ble Finance Minister as part of the several measures to boost the economy, was the withdrawal of ‘Angel Tax’ provisions for Start-ups and their investors. As part of the measures for mitigating the genuine difficulties of Start-ups, it was decided that a dedicated cell would be set up under a Member of CBDT for addressing the specific problems of Start-ups...
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