Income Tax Forms amended; ‘PAN’ substituted with ‘PAN or Aadhaar’
To ensure IT compliance using Aadhaar Number even in absence of PAN, CBDT has amended various Forms under Income Tax Rules to substitute the words 'Permanent Account No.' with …
Category: Income Tax
ITR/ Tax Audit Report filing Due Date extended for J&K/ Ladakh Assessees: CBDT
CBDT notifies/ extends due date for filing of Income Tax Return (ITR) and Tax Audit Report (TAR) in the case of assessees of Jammu & Kashmir (J&K) and Ladakh …
CBDT clarification on b/f loss and MAT credit for domestic companies, opting lower tax rate u/s 115BAA
CBDT clarifies issues relating to allowability of brought forward loss (on account of additional depreciation) and MAT credit in the case of domestic companies exercising option for lower tax …
PAN Aadhaar Linking Deadline Extended by CBDT upto 31 Dec. 2019
CBDT has further extended the deadline for linking of PAN with Aadhaar for filing of Income Tax Return (ITR) from 30 Sept. 2019 to 31 Dec. 2019.
ITR/ TAR Due Date Extended upto 31 Oct. 2019 (AY 2019-20): CBDT
CBDT notifies that due date for filing of Income Tax Return (ITR) along with Tax Audit Report (TAR) has been extended from 30 September to 31 October 2019 for …
CBDT guidelines on electronic assessments during FY 2019-20
CBDT issues guidelines for conducting electronic assessments during financial year 2019-20 through ‘E-Proceeding’ facility whereby assessees are required to electronically respond to any notice issued by the Assessing Officer …
Income Tax Notice to carry DIN from 1 October 2019: CBDT
CBDT prescribes revised procedure for issuance of Income Tax Notice, etc. to Taxpayers, from 1 October 2019, whereby each communication shall quote a computer generated Document Identification Number (DIN) …
Updated Excel Utility for E-filing of New ITR Forms: FY 2018-19/ AY 2019-20
IT Deptt has released/ updated Excel Utility for e-filing of Income Tax Return (ITR) Forms (FY 2018-19/ AY 2019-20), i.e. ITR 1 Sahaj, ITR 2, ITR 3, ITR 4 …
Govt. raises threshold limits for filing Departmental Appeals before Tribunals/ HC/ SC
To reduce litigation, facilitate ease of doing business and to remove long pending grievances of taxpayers in the matters of direct/ indirect taxes, the Govt. has decided to raise …
CBDT’s Clarifications/ FAQs on Filling Up New ITR forms (FY 2018-19/ AY 2019-20)
CBDT has issued 3 sets of Clarifications in respect of Frequently asked Questions (FAQs) on Filling Up of new Income Tax Return (ITR) forms applicable for FY 2018-19/ AY …