| Notifications/Circulars |
Category : CBDT |
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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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Clarification on applicability of Tax Deduction at Source on cash withdrawals - CBDT
Posted Date : 31-Aug-2019 , 10:30:31 am | Posted By: CASANSAAR
In order to discourage cash transactions and move towards less cash economy, the Finance (No. 2) Act, 2019 has inserted a new section 194N in the Income-tax Act, 1961 (the ‘Act’), to provide for levy of tax deduction at source (TDS) @2% on cash payments in excess of one crore rupees in aggregate made during the year, by a banking company or cooperative bank or post office, to any person from one or more accounts maintained with it by the recipient. The above section shall come into e...
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CBDT extends due date of ITR from 31st July 2019 to 31st August 2019
Posted Date : 23-Jul-2019 , 08:04:20 pm | Posted By: CASANSAAR
F.No. 225/157/2019/ITA.II
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
North-Block, ITA-II Division
New Delhi, the 23rdof July, 2019
Order under Section 119 of the Income-tax Act, 1961
The ‘due-date’ for filing income-tax returns for Assessment-Year 2019-20 is 31.07.2019 for certain categories of taxpayers. It has been reported that some of the taxpayers are facing difficulties in filing their income- tax returns due to...
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CBDT extends due date of TDS Payment, Certificate and Return in Odisha
Posted Date : 25-May-2019 , 09:02:46 am | Posted By: CASANSAAR
With a view to redress genuine hardship faced by the deductors due to the severe disruption of normal life and breakdown of communication systems caused by cyclone "Fani" hitting the state of Odisha on 3rd of May, 2019, the Central Board of Direct Taxes, in exercise of its powers under section 119 of the Income Tax Act, 1961 , hereby-...
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CBDT amends Income-tax Rules, 1962, in Appendix II, in Form No. 15H
Posted Date : 24-May-2019 , 09:44:53 am | Posted By: CASANSAAR
G.S.R. 375(E),— In exercise of the powers conferred by sub-section (1C) of section 197A 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 further deferred furnishing of GST & GAAR details in Form 3CD till 31st March 2020
Posted Date : 15-May-2019 , 10:17:49 am | Posted By: CASANSAAR
Section 44AB of the Income-tax Act, 1961 ('the Act') read with rule 6G 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 ...
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CBDT notifies detailed format of Salary Certificate Form No. 16 and Form No. 24Q
Posted Date : 17-Apr-2019 , 09:58:05 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 12th April, 2019
G.S.R. 304(E).—In exercise of powers conferred by sections 200 and 203 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 theIncome-tax (3rd Amendment) Rules,...
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CBDT extends due date for furnishing of report u/s 286(4) of the Income-tax act,1961
Posted Date : 10-Apr-2019 , 10:12:34 am | Posted By: CASANSAAR
Vide Notification in GSR 1217 (E) dated December 18, 2018, sub-rule (4) of Rule 10DB of the Income-tax Rules, 1962 (the Rules) was amended with effect from December 18, 2018; to provide that the period for furnishing of the report under sub-section (4) of section 286 of the Income-tax Act, 1961 (the Act) by the constituent entity referred to in that sub-section shall be twelve months from the end of the reporting accounting year....
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CBDT has notified ITR (Income-tax return) forms for AY 2019-20
Posted Date : 05-Apr-2019 , 06:57:13 am | Posted By: CASANSAAR
G.S.R. 279(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 and commencement.__ (1) These rules may be called the Income-tax (Second Amendment) Rules, 2019.
(2) They shall come into force with effect from the 1st day of April, 2019....
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CBDT issued Circular on TDS on deduction from salaries for FY 2018-19
Posted Date : 03-Jan-2019 , 09:01:45 pm | Posted By: CASANSAAR
Reference is invited to Circular No. 29/2017 dated 05.12.2017 whereby the rates of deduction of income-tax from the payment of income under the head “Salaries” under Section 192 of the Income-tax Act, 1961 (hereinafter ?the Act‘), during the financial year 2017-18, were intimated. The present Circular contains the rates of deduction of income-tax from the payment of income chargeable under the head “Salaries” during the financial year 2018-19 and explains certain re...
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Father’s name non-mandatory in PAN application form - CBDT
Posted Date : 20-Nov-2018 , 10:14:18 pm | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 82/2018
New Delhi, the 19th November, 2018
G.S.R. 1128(E).—In exercise of the powers conferred by section 139A 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 theIncome-tax Rules, 1962, namely:—
1. Short, title and commencement.__(1) These rules may be called theIncome–tax (Tw...
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Govt Notifies Rule 11UAB for determination of fair market value for inventory
Posted Date : 01-Sep-2018 , 07:57:16 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION No. 42/2018
New Delhi, the 30th August, 2018
INCOME-TAX
S.O. 4213(E).—In exercise of the powers conferred by clause (via) of section 28 read with section 295 of the Income-tax Act, 1961 (43 of 1961), hereinafter referred to as the Income-tax Act, the Central Government hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:‑
1. (1) These rules may be called th...
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CBDT defers Clause 30C and 44 of Revised Tax Audit Report Form 3CD upto 31 March 2019
Posted Date : 17-Aug-2018 , 03:43:41 pm | Posted By: CASANSAAR
The CBDT has issued a Circular defers implementation of Clause 30C and Clause 44 of the Revised Tax audit Report Form 3CD upto 31 March 2019, earlier notified on 20 July 2018 to be applicable from 20 Aug. 2018 in view of representations from stakeholders, like ICAI, etc. Accordingly, this partial deferment of amendments will not affect other changes made in Form 3CD applicable from 20 Aug. 2018.
Order under section 119 of the Income-tax Act, 1961
Section 44AB of the Income-tax Act, 196...
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CBDT exempts income earned by Insolvency and Bankruptcy Board
Posted Date : 17-Aug-2018 , 08:51:16 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(Cental Board of Direct Taxes)
NOTIFICATION NO. 38/2018
New Delhi, the 10th August, 2018
S.O. 3959(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, ‘Insolvency and Bankruptcy Board of India’, New Delhi, a board established by the Central Government, in respect of the following specified...
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CBDT Revised Format of Form No. 3CD wef 20th August, 2018
Posted Date : 24-Jul-2018 , 07:54:42 am | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi
Notification No.33/2018, Dated: July 20, 2018
G.S.R. 666(E).– In exercise of the powers conferred bysection 44ABread with section 295 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Income-tax Act), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-
1. (1) These rules may be call...
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CBDT notifies Cost Inflation Index for FY 2018-19 at 280
Posted Date : 15-Jun-2018 , 09:12:50 am | Posted By: CASANSAAR
This notification shall come into force with effect from April 1, 2019 and shall accordingly apply to the AY 2019-20...
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Transfer & Posting of 66 officers in ACIT/ DCIT grade
Posted Date : 06-Jun-2018 , 09:47:57 am | Posted By: CASANSAAR
F.No. A-22013/2/2018-Ad.VI-(Part-I)
Government of India
Ministry of Finance
Department of Revenue
(Central Board of Direct Taxes)
* * * * *
North Block, New Delhi
The 4thJune, 2018
OFFICE ORDER NO. 86 OF 2018
The following Transfer / Posting in the grade of Assistant / Deputy Commissioner of Income Tax (Local Change) are, hereby, ordered with immediate effect and until further orders: –
S.No.
Civil
Code
Name
Current Directorate/CCA
New Di...
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CBDT Releases ITR 1 to ITR 7 for Financial Year 2017-18
Posted Date : 06-Apr-2018 , 09:16:02 am | Posted By: CASANSAAR
G.S.R. 332 (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 amends Income Tax Notification No. 49/2015 with retrospective effect
Posted Date : 15-Mar-2018 , 09:52:56 pm | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
Notification No. 14/2018
New Delhi, the 13th March, 2018
G.S.R. 221(E).—In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby amends the notification of the Ministry of Finance (Department of Revenue), number S.O.1660 (E) dated the 22nd June, 2015, published in the Gazette of India, Extraordinary, Part-II, Secti...
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CBDT amends rules for Service of notice, requisition, summons, order etc
Posted Date : 22-Dec-2017 , 08:31:04 am | Posted By: CASANSAAR
NOTIFICATION
New Delhi, the 20th December, 2017
G.S.R. 1527(E).—In exercise of the powers conferred by section 282 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. (1) These rules may be called the Income –tax (25th Amendment) Rules, 2017.
(2) They shall come into force from the date of their publication in the Official Gaz...
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CBDT extends date for linking of Aadhaar with PAN
Posted Date : 08-Dec-2017 , 08:13:14 pm | Posted By: CASANSAAR
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
PRESS RELEASE
New Delhi, 8th December, 2017
CBDT extends date for linking of Aadhaar with PAN
Under the provisions of recently introduced section 139AA of the Income-tax Act, 1961 (the Act), with effect from 01.07.2017, all taxpayers having Aadhaar Number or Enrolment Number are required to link the same with Permanent Account Number (PAN). In view of the difficulties faced by some of the tax...
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Unauthorized expansion of scope of limited scrutiny- CBDT
Posted Date : 01-Dec-2017 , 09:37:45 am | Posted By: CASANSAAR
CBDT has issued detailed guidelines/ directions for completion of cases of limited scrutiny selected through CASS module. These guidelines postulate that an Assessing Officer, in limited scrutiny cases cannot travel beyond the issues for which the case was selected. The idea behind such stipulations was to enforce checks and balances upon powers of an AO to do fishing and roving inquiries in cases selected for limited scrutiny....
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Order of CBDT on extension of due date of ITR / TAR to 7th Nov 2017
Posted Date : 01-Nov-2017 , 09:17:13 am | Posted By: CASANSAAR
On consideration of representations from various stakeholders for further extension of ‘due-date’, being 30th September, 2017 for assessees covered under clause (a) of Explanation 2 of section 139(1) of the Income-tax Act, 1961 pertaining to Assessment Year 2017-2018, the CBDT in modification of its order dated 31.08 2017 in file of even number, hereby further extends the ‘due-date‘ for filing income-tax returns and reports of audit pertaining to Assessment Year 2017-2018...
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CBDT extends due date for tax audit and return filing from 30th Sept. to 31st Oct
Posted Date : 01-Sep-2017 , 09:04:49 am | Posted By: CASANSAAR
CBDT extends due date for tax audit and return filing from 30th Sept. to 31st Oct 2017....
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CBDT notifies revised Form no. 29B for MAT Audit
Posted Date : 21-Aug-2017 , 09:38:40 pm | Posted By: CASANSAAR
G.S.R. 1028(E).—In exercise of the powers conferred by sub-section (4) of section 115JB 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. (1) These rules may be called the Income-tax (22nd Amendment), Rules, 2017.
(2) They shall come into force from the date of their publication in the official Gazette.
2. In the Income-tax Rules, 1962, &m...
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CBDT Amends Form No. 3CEFA related to Application for Opting for Safe Harbour
Posted Date : 20-Jul-2017 , 09:45:55 am | Posted By: CASANSAAR
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION NO. 62/2017
New Delhi, the 18th July, 2017
INCOME-TAX
G.S.R. 891(E).—Inexercise 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:—
1. (1) These rules may be called theIncome-tax (21stAm...
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CBDT releases rules to determine of Fair Market Value of unquoted shares
Posted Date : 14-Jul-2017 , 06:47:02 am | Posted By: CASANSAAR
G.S.R. 865(E).-In exercise of the powers conferred bysection 50CAandsub-section (2) of section 56read withsection 295of theIncome-tax Act, 1961 ( 43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend theIncome-tax Rules, 1962, namely:-...
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lists of persons exempt from Sec. 269ST for receiving cash payments - CBDT
Posted Date : 05-Jul-2017 , 08:14:51 am | Posted By: CASANSAAR
In exercise of the powers conferred by clause (iii) of the proviso to section 269ST of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies that the provision of section 269ST shall not apply to the following, namely:—...
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Disclosure of property advance of Rs 20,000 in Tax Audit Report - CBDT
Posted Date : 05-Jul-2017 , 08:12:45 am | Posted By: CASANSAAR
In exercise of the powers conferred by section 44AB read with section 295 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Income-tax Act), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:—...
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