MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi, the 21st October, 2019 S.O. 3769(E).—In the notification of the Government of India, in the Ministry of Finance (Department of Revenue) No. 48/2018 in F. No. 300196/11/2017-ITA-I dated 14.09.2018, published in Part-II, Section 3, Sub-section (ii) of the Gazette of India vide…...
CBDT exempts from TDS cash withdraws by Authorised dealer & FFMC
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION No 80/2019 New Delhi, the 15th October, 2019 INCOME-TAX S.O. 3719(E).—In exercise of the powers conferred by clause (v) of proviso to section 194N of the Income-tax Act, 1961 (43 of 1961), the Central Government, after consultation with the Reserve Bank of India…...
Income Tax Update |Extension of due date for linking of PAN with Aadhaar
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes NOTIFICATION no-75/2019 New Delhi, the ~f September, 2019 S.O .. (E).- In exercise of the powers conferred under sub-section (2) of section 139AA of the Incometax…...
CBDT extends due date for filing of Tax Audit Reports & Relevant ITRs
Order-under-Section-119-of-the-IT-Act-1961-Extension-of-due-dateDownload Interest for defaults in furnishing return of income. 234A. (1) Where the return of income for any assessment year under sub-section (1) or sub-section (4) of section 139, or in response to a notice under sub-section (1) of section 142, is furnished after the due date, or is not furnished, the assessee shall be…...
Income Tax updates | linking of PAN with Aadhaar last Date | Income Tax Return
Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 31st March, 2019 PRESS RELEASE It has been reported in some sections of the media that those PANs which are not linked with Aadhaar number by 31.03.2019 may be invalidated. The matter has been considered by the Central Government…...
Exception to monetary limits for filing appeals in Income Tax
F. No. 279/Misc.lM-93/20l8-ITJ(Pt.) Government of India Ministry of Finance Department of Revenue Central Board Direct Taxes Judicial Section Circular No. 23 of 20l9 New Delhi, 6th September 2019 Subject: -Exception to monetary limits for filing appeals specified in any Circular issued under Section 268A of the Income-tax Act, 1961-reg Reference is invited to the Circulars…...
Clarification on applicability of Tax Deduction at Source on cash withdrawals
Ministry of Finance In order to discourage cash transactions and move towards less cash economy, the Finance (No. 2) Act, 2019 has inserted a new section 194N in the Income-tax Act,1961 (the ‘Act’), to provide for levy of tax deduction at source (TDS) @2% on cash payments in excess of one crore rupees in aggregate…...