CBDT Circular on Salary TDS (FY 2020-21)
CBDT issues circular on salary TDS provisions/ rates applicable u/s 192 during FY 2020-21 (AY 2021-22), including explanations on many other related issues/ provisions under the Income Tax Act/ …
Tag: Instructions
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 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, …
CBEC Instructions for IGST Refund to Exporters under CGST Rule 96
CBEC has issued Instructions/ Guidelines to Field Formations for smooth handling of the Refunds of IGST paid on export of goods (by exporters) under Rule 96 of CGST Rules …
IT Deptt to give ‘E-Proceedings’ Option in Time Barring Scrutiny Cases
In the case of pending 'Scrutiny' or ‘Limited Scrutiny’ cases which are getting time barred due to limitation on 31 Dec. 2017, IT Deptt is giving a choice to assessees …
Schedule III to the Companies Act 2013 Amended by MCA
MCA has amended Schedule III to the Companies Act 2013 vide Notification dt. 6th April, 2016 revising instructions for preparation of financial statements (i.e. Balance Sheet, P&L A/c, Notes …