Income Tax Circular

Notification of Sovereign Wealth Fund under section to(23FE) of the Income-tax Act, 1961

119 ViewsNotification of Sovereign Wealth Fund under section to(23FE) of the Income-tax Act, 1961 Circular No. 15 of 2020 F No 370142/26/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(Tax Policy & Legislation Division) New Delhi, 22nd July, 2020 Notification of Sovereign Wealth Fund under section to(23FE) of the Income-tax Act, 1961The Finance …

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Clarification in relation to notification issued under clause (v) of proviso to
section 194N of the Income-tax Act, 1961 (the Act) prior to its amendment by Finance
Act, 2020 (FA, 2020)-Reg.

179 ViewsClarification in relation to notification issued under clause (v) of proviso tosection 194N of the Income-tax Act, 1961 (the Act) prior to its amendment by FinanceAct, 2020 (FA, 2020)-Reg. Circular no. 14/2020 F. No. 370142/27/2020-TPLGovernment ofIndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division) Room no. 147B-II , North Block,New Delhi, dated 20th …

Clarification in relation to notification issued under clause (v) of proviso to
section 194N of the Income-tax Act, 1961 (the Act) prior to its amendment by Finance
Act, 2020 (FA, 2020)-Reg.
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One-time relaxation for Verification of tax-returns for the Assessment years 201S-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-filing of ITRV form and processing of such returns – reg.

150 ViewsOne-time relaxation for Verification of tax-returns for the Assessment years201S-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-filing of ITRV form and processing of such returns – reg. Circular No. 13 /2020 F. No. 225/59/2020/ITA-1IGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, dated the 13 of …

One-time relaxation for Verification of tax-returns for the Assessment years 201S-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-filing of ITRV form and processing of such returns – reg. Read More »

CIRCULAR NO.12

261 ViewsCIRCULAR NO.12 CircularNo.12- /2020 F.No.370 142135/20 19-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes Dated: 20~May, 2020 Subject: Clarifications in respect of prescribed electronic modes under section 269SU ofthcIncome-tax Act, 1961 – reg.In furtherance to the declared policy objective of the Government to encourage digitaltransactionsand move towards a less-cash economy, a …

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CIRCULAR NO.11

235 ViewsCIRCULAR NO.11 Circular .11 of 2020 F. No. 370142/18/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, May 8, 2020 Clarification in respect of residency under section 6 of the Income-tax Act, 1961Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating todetermination of residency of a person. …

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CIRCULAR NO.10

186 ViewsCIRCULAR NO.10 Circular No.10/2020 F. No. 37014219/20 18-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct TaxesTPL Division New Delhi, dated 24th April, 2020 Order under section 119 of the Income-tax Act, 1961 Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with rule 6G of theIncome-tax Rules, 1962 (‘the Rules’) requires …

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​Clarification in respect of option under section 115BAC of the Income-tax Act, 1961

362 ViewsCircular C1 of 2020 F. No. 370142/13/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RcvenueCentral Board of Direct Taxes New Delhi , April 13 ,2020 Clarification in respect of option under section IISBAC of the Income-tax Act, 1961 Section IISBAC of the Income-tax Act, 1961 (the Act), inserted by the Finance Act, 2020 wef the assessment …

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​Clarification regarding short deduction of TDS/TCS due to increase in rates of surcharge by Finance (No. 2) Act, 2019

242 ViewsCircular No. 8/2020 F. No. 370133/S/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division) Room No. 147B-II, North Block, New DelhiDated 131h April, 2020 Subject: Clarification regarding short deduction ofTDSITCS due to increase in rates of surcharge by Finance (No.2) Act, 20l9-reg. The Finance (No.2) Bill,20 19 was tablcd in Lok …

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