Shortfall Tax Payment by Real Estate Promoters using GST DRC-03
CBIC has prescribed Form GST DRC-03 for payment of shortfall tax upto 30 June 2020, by Real Estate Promoters/ Developers on account of below 80% value of inward supplies …
Tag: Instructions
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 …
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 Instructions for filing New ITR Forms (FY 2018-19/ AY 2019-20)
CBDT/ Income Tax Deptt. has issued Instructions for filing of all the New ITR Forms (ITR 1 Sahaj, ITR 2, ITR 3, ITR 4 Sugam, ITR 5, ITR 6 …
TDS on PF Withdrawals u/s 192 of Income Tax along with EPFO Instructions
TDS on PF withdrawals u/s 192 of Income Tax has been introduced to discourage pre-mature withdrawal, promote long term savings and to ensure taxability of such withdrawals in certain …
CBDT Instructions on Assessment Procedure for Electronic (e)-Scrutiny of Cases
CBDT has issued Instructions regarding procedure for conducting e-assessments in scrutiny cases, including the exceptions where the manual scrutiny may be continued, like in the cases relating to search …
Simplified EPS/ EPF Withdrawal Claim Forms 19, 10C & 31 (UAN based)
EPFO has introduced Composite PF Claim Forms (Aadhar/ Non-Aadhar), Pension Claim Form (Aadhaar) and Composite Claim Form (PF/ EPS/ EDLI) for Death cases. As a result, the Claim Forms …
CBDT Instructions for Processing of ITRs (Form 2-3-4-5-6) having TDS Mismatch Errors
CBDT has issued guidelines/ instructions for Income Tax Deptt to process Income-tax Returns, filed in Form ITR-2, ITR-3, ITR-4, ITR-5 and ITR-6, having TDS Mismatch Errors, under the provisions …
CBEC Procedure for Manual Refund Claims of IGST paid for Zero-rated Supplies
Due to the non-availability of the refund module on the common portal, CBEC issues instructions/ procedure for manual processing of refund claim applications for integrated tax paid on account …
CBDT Instructions on Processing of Returns (Form ITR-1) u/s 143(1)(a)(vi)
CBDT has issued an Order under IT Sec. 119 for Clarifications/ Instructions on Issuance of Intimation/ Processing of Returns, filed in Form ITR-1, u/s 143(1)(a)(vi) applicable w.e.f. 1 April, …