Form 15G/ 15H submitted for FY 2019-20 valid upto 30 June 2020, clarifies CBDT
CBDT clarifies that Form 15G/ Form 15H submitted for Financial Year (FY) 2019-20 shall remain valid upto 30 June 2020, i.e. for first quarter of FY 2020-21, in case …
Tag: CBDT
Issuance of Lower/ Nil Rate TDS/ TCS Certificate (FY 2019-20), clarification by CBDT
CBDT has issued an Order for directions/ clarifications relating to cases where issuance of Lower/ Nil Rate TDS/ TCS Certificate in respect of Financial Year (FY) 2019-20 is pending, …
ITR/ Tax Audit Report filing Due Date extended for J&K/ Ladakh Assessees: CBDT
CBDT notifies further extension of due date for filing of Income Tax Return (ITR) and Tax Audit Report (TAR) in the case of assessees of Jammu & Kashmir (J&K) …
Provisions of Direct Tax Vivad se Vishwas Scheme 2020 clarified by CBDT
CBDT clarifies provisions of Direct Tax Vivad se Vishwas Scheme 2020 introduced in Budget 2020 for resolution of pending income tax disputes.
Guidelines for condonation of delay in filing of ITR, Form 9A/10 by Charitable Institutions revised
CBDT prescribes revised guidelines for condonation of delay in filing of Income Tax Return for Assessment Year(s) 2016-17/ 2017-18/ 2018-19 and Form No. 9A/10 by charitable institutions u/s 119(2)(b).
CBDT clarifies TDS on Mutual Fund dividend (not gains): Budget 2020 proposals
CBDT has clarified that Budget 2020 has proposed 10% TDS on Mutual Fund dividends, above Rs. 5000/ year, in lieu of removal of DDT, under new IT Section 194K. …
CBDT clarification on new deeming provision (Resident in India), proposed in Finance Bill 2020
CBDT clarifies new deeming provision pertaining to residence/ tax liability in India, as proposed in Finance Bill/ Budget 2020 (i.e. an Indian citizen shall be deemed to be resident …
CBDT amends IT Rule 6DD, notifies Reduced Cash Payment Limit (Rs. 10,000/ day)
CBDT revises/ reduces the cash payments limit from Rs. 20,000 to Rs. 10,000 per day under IT Rule 6DD vide Income-tax (3rd Amendment) Rules, 2020 (Notification No. 8/2020 dt. …
CBDT Circular on Salary TDS for FY 2019-20 (AY 2020-21) u/s 192 of Income Tax
CBDT has issued Circular No. 4/2020 dt. 16 Jan. 2020 containing instructions on the provisions/ TDS rates applicable in respect of salary payment u/s 192 during the Financial Year …
CBDT extends deadline for compounding of offences under Direct Tax Laws
CBDT extends deadline for compounding of offences under Direct Tax Laws, as a one time measure. for taxpayers those who could not avail the benefit of this one-time relaxation …