Latest Tax Updates and Professional News (CA, CS, CMA)

CA Club Updates on Income-tax, GST, Corporate Laws, Accounting and Auditing, i.e. latest Tax Updates and News for general academic reference of Professionals (like CA, CS & CMA) and Taxpayers in India.

Reference No./ Date/ Particulars
CBDT Circular 4/2020 Income Tax dt. 16 Jan. 2020CBDT issues Circular containing instructions on provisions/ TDS rates applicable in respect of salary payment u/s 192 during the Financial Year 2019-20 (Assessment Year 2020-21), including explanations on many other related issues/ provisions under the Income Tax Act/ Rules.
CBDT Circular 3/2020 Income Tax dt. 3 Jan. 2020: CBDT issues Circular for extension/ relaxation of timeline 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 window due to genuine hardships.