Latest Income Tax Notifications issued by CBDT (2018-2019)

List of Latest Income Tax (IT) Notifications issued by CBDT during 2018-2019

List of latest Income Tax (IT) Notifications 2018-2019 issued by the Central Board of Direct Taxes (CBDT) for amendments in the provisions under the Income Tax Act/ Rules (download pdf copy):

Notification No./ Date/ Description
For Latest Circulars/ Notifications, please visit CA Club Updates Page, as this section is updated later
ITR filing due date extended from 31 July 2019 to 31 August 2019 for AY 2019-20: CBDT
CBDT (DIT Systems) Notification 10/2019 Income Tax dt. 4 June 2019CBDT notifies procedure for online filing of TDS/ TCS Returns at e filing portal.
CBDT Notification No. 32/2019 Income Tax dt. 1 April 2019: CBDT notifies new Income Tax Return (ITR) forms for FY 2018-19/ AY 2019-20 (i.e. ITR 1 Sahaj, 2, 3, 4 Sugam, 5, 6, 7).
CBDT Notification 13/2019 Income Tax dt. 5 Mar. 2019CBDT notifies that the provisions of section 56(2)(viib) shall not apply to consideration received by a company for issue of shares that exceeds the face value of such shares, provided the consideration is received from a resident person by certain companies notified by GoI.
CBDT Notification 8/2019 Income Tax dt. 31 Jan. 2019CBDT notifies M/s BSE Limited, Mumbai as ‘recognised association’ for the purpose of Clause (ii) of the Explanation to Section 43(5)(e) of Income Tax Act, 1961, w.e.f. 1 Oct. 2018, subject to SEBI approval remaining in force.
CBDT Notification 5/2019 Income Tax dt. 30 Jan. 2019CBDT notifies new ‘Centralised Verification Scheme, 2019’ for issuance of notice and processing of information/ document us IT 133C.
CBDT Notification 4/2019 Income Tax dt. 30 Jan. 2019CBDT notifies Income–tax (15th Amendment) Rules, 2019, whereby IT Rule 12D on “Prescribed income-tax authority under section 133C” has been substituted to provide that prescribed income-tax authority under section 133C shall be an income-tax authority not below the rank of Assistant Commissioner of Income-tax.
CBDT Notification 2/2019 Income Tax dt. 24 Jan. 2019Corrigendum to CBDT Notification 68/2009 dt. 26 Sept. 2009.
CBDT (DIT Systems) Notification 8/2018 Income Tax dt. 31 Dec. 2018: CBDT notifies the procedure, format and standards for filing an application for grant of certificate for deduction of Income-tax at any lower rate or no deduction of Income-tax under Section 197(1) / collection of the tax at any lower rate under Section 206C(9) of the Income-tax Act, 1961 through TRACES.
CBDT (DIT Systems) Notification 7/2018 Income Tax dt. 27 Dec. 2018: CBDT notifies amended procedure. Formats and Standards for issuance of Permanent Account Number (PAN).
CBDT Notification 88/2018 Income Tax dt. 18 Dec. 2018: CBDT notifies  Income-tax (14th Amendment) Rules, 2018. IT Rule 10DB amended relating to period for furnishing of the report under section 286(4).
CBDT Notification 86/2018 Income Tax dt. 6 Dec. 2018: CBDT notifies Income-tax (13th amendment), Rules, 2018. IT Rule 8AA(4) inserted to provide that in the case of a capital asset which became the property of the Indian subsidiary company in consequence to conversion of a branch of a foreign company, there shall be included the period for which the asset was held by the said branch of the foreign company and by the previous owner, if any, who has acquired the capital asset by a mode of acquisition referred to in clause (i) to (iv) of section 49(1) or section 115JG(1). 
CBDT Notification 85/2018 Income Tax dt. 6 Dec. 2018CBDT notifies conditions u/s 115JG(1) for conversion into an Indian subsidiary company of a foreign company engaged in banking business in India through its branch.
CBDT (DIT Systems) Notification 6/2018 Income Tax dt. 6 Dec. 2018: CBDT reiterates that no tax (TDS) is required to be ‘deducted at source’ under Section 194A, in the case of senior citizens, where the amount of such income (credited or paid) during the financial year does not exceed Rs. 50,000/- (Rupees fifty thousand) in aggregate.
CBDT Notification 74/2018 Income Tax dt. 26 Oct. 2018: CBDT notifies amended IT Rules 28, 28AA, 28AB, 37G and 37H along with Revised Form 13 to implement E-process for issue of Certificate under Section 197/ 206C for Lower/ Nil Rate of deduction/ collection of Tax (TDS/ TCS) under Income Tax, vide Income-tax (Eleventh Amendment) Rules, 2018.
IT Notification 42/2018 dt. 30 Aug. : CBDT notifies the ‘Income-tax (9th Amendment), Rules, 2018‘, amends meaning of the term ‘balance sheet’ defined under IT Rule 11U(b) and inserts new IT Rule 11UAB on ‘Determination of fair market value (FMV) for inventory’ for the purpose of the IT Setion 28(via) applicable w.e.f. 1 April, 2019 (AY 2019-20 onwards).
IT Notification 33/2018 dt. 20 July : CBDT Notifies Amendments in Form 3CD (Tax Audit Report), applicable from 20 Aug. 2018: Income-tax (8th Amendment) Rules, 2018
IT Notification 31/2018 dt. 13 July : CBDT notifies ‘Income Tax (7th Amendment) Rules, 2018’: IT Rule 44E and Forms 34C, 34D, 34DA amended.
IT Notification 26/2018 dt. 13 June : CBDT notifies the new “Cost Inflation Index” at 280 applicable for FY/ PY 2018-19 (AY 2019-20), with Base Year 2001-02 (cost inflation index=100), in line with the amendments made in Budget 2017.
IT Notification 24/2018 dt. 24 May : CBDT notifies relaxation for start-ups by way of exemption from provisions of Section 56(2)(viib) relating to restriction on issue of shares at a price exceeding their fair market value (FMV), in case the consideration is received from certain approved investors.
IT Notification 23/2018 dt. 24 May : CBDT notifies Income Tax (6th Amendment) Rules, 2018, to amend IT Rules 11U(a) and 11UA(2)(b) to debar Chartered Accountants (CAs) from conducting valuation of unlisted shares for determining fair market value (FMV) thereof as per Discounted Free Cash Flow Method.
IT Notification 22/2018 dt. 8 May : CBDT notifies certain companies and agreements for the purpose of Section 10(48A)(ii) of the Income-tax Act, 1961.
IT Notification 19/2018 dt. 11 April : CBDT Notifies the Income-tax (5th Amendment) Rules, 2018 to amend Rule 10VA(2) of Income Tax Rules, 1962.
IT Notification 18/2018 dt. 9 April : CBDT adds an option (i.e. ‘Transgender’) in Gender column of Form 49A/ 49AA (PAN Application), for Individual Applicants, vide Income–tax (Fourth Amendment) Rules, 2018.
IT Notification 17/2018 dt. 6 April : Transport allowance withdrawn by CBDT from 1 April, 2019 (FY 2018-19/ AY 2019-2020), vide Income-tax (Third Amendment) Rules, 2018..
IT Notification 4/2018 (Systems) dt. 5 April : CBDT notifies Revised Procedure for registration and online submission of Statement of Reportable Account (in Form 61B)’ by Prescribed Financial Institutions under IT Section 285BA read with IT Rule 114G.
IT Notification 3/2018 (Systems) dt. 5 April : CBDT notifies Revised Procedure for Registration and online Submission of ‘Statement of Financial Transactions (SFT)’ in Form 61A under IT section 285BA read with IT Rule 114E.
IT Notification 2/2018 (Systems) dt. 5 April : CBDT notifies procedures for Registration/ Submission of Form 61 under IT Rule 114D by any person who has accepted Form 60 for Transactions specified under IT Rule 114B.
IT Notification 1/2018 (Systems) dt. 5 April : CBDT notifies procedures for submission of Form 60 by any person not having Permanent Account Number (PAN) but who enters into any transaction specified under Rule 114B of the Income-tax Rules, 1962.
IT Notification 14/2018 dt. 13 March : CBDT amends IT Notification dt. 22 June, 2015.
IT Notification 12/2018 dt. 22 Feb. : CBDT notifies the Centralised Communication Scheme, 2018 and has prescribed procedure for issuance of e-notices under Income Tax law, to any person requiring him to furnish information or documents for the purpose of verification of information in his possession.
IT Notification 10/2018 dt. 19 Feb. : CBDT notifies Income Tax (1st Amendment) Rules, 2018, to amend IT Rules 17A relating to the application procedure for registration of charitable or religious trusts under IT Section 12A. Also, Application Form 10A has been amended and the same is to be submitted digitally by the person authorised to submit ITR.
IT Notification 9/2018 dt. 16 Feb. : CBDT notifies the ‘Contributory Health Service Scheme’ of the Department of Atomic Energy for the purposes of section 80D(2)(a) for the assessment year 2018-2019 and onwards.
IT Notification 7/2018 dt. 16 Feb. : CBDT amends IT Notification 4/2018 dt. 19 Jan. 2018 (page 3, line 19) to substitute “the Institute of Certified Management Accountants of India” with “the Institute of Cost Accountants of India”.
IT Notification 4/2018 dt. 19 Jan. : CBDT notifies the “Tax Return Preparer (TRP) (Amendment) Scheme, 2018” and has amended Para 3 (eligibility for becoming a Tax Return Preparer), Para 4 (application procedure and age-limit), Para 9 (fee to be disbursed to TRP in First/ second/ Third year along with cap limit), etc.

For Official copy of the CBDT’s Income Tax Notifications 2019, please visit the Source website:

http://www.incometaxindia.gov.in/

Related Posts:

Latest Income Tax Circulars issued by CBDT

Latest Income Tax Orders issued by CBDT

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