122 ViewsMinistry of Finance There is a fake new circulating in some section of media that the Financial Year has been extended. A notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted. There is no extension of the Financial Year. The […]
Finance Act 2020
98 ViewsMINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 27th March, 2020/Chaitra 7, 1942 (Saka) The following Act of Parliament received the assent of the President on the27th March, 2020, and is hereby published for general information:— THE FINANCE ACT, 2020NO. 12 OF 2020 An Act to give effect to the financial proposals […]
Order U/s 119 of the Income-tax Act,1961 for filing of ITRs/TARs in respect of UTs of Jammu and Kashmir & Ladakh
85 Views
Finance Minister announces several relief measures relating to Statutory and Regulatory compliance matters across Sectors in view of COVID-19 outbreak
714 ViewsMinistry of Finance The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman today announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors. While addressing the press conference through video conferencing here today, Smt. Sitharaman announced […]
Free Excel Formats for ITR -4 fy 2019-20 | Balance sheet
479 ViewsIncome Tax Return ( ITR-4 ) For FY 2019-2020 Balance sheet Free Excel Formats for ITR -4
Income Tax Vivad se Vishwas Act, 2020 and Rule 2020
120 ViewsMINISTRY OF LAW AND JUSTICE(Legislative Department) New Delhi, the 17th March, 2020/Phalguna 27, 1941 (Saka)The following Act of Parliament received the assent of the President on the17th March, 2020, and is hereby published for general information:— THE DIRECT TAX VIVAD SE VISHWAS ACT, 2020NO. 3 OF 2020 An Act to provide for resolution of […]
Pr. DGIT(Systems) issued Notification on procedure to filing online Form 1 and Form 2 under Direct Tax Vivad Se Vishwas scheme
97 Views
CBDT issues FAQs on Direct Tax Vivad se Vishwas Scheme, 2020
162 ViewsMinistry of Finance The ‘Vivad se Vishwas’ Scheme was announced during the Union Budget, 2020, to provide for dispute resolution in respect of pending income tax litigation. Pursuant to the Budget announcement, the Direct Tax Vivad se Vishwas Bill, 2020 (hereinafter called Vivad se Vishwas) was introduced in the Lok Sabha on 5th of February, […]
Income Tax Intimation Notice u/s 143(1) of income tax act 1961
144 ViewsAssessment. 143. (1) Where a return has been made under section 139, or in response to a notice under sub-section (1) of section 142, such return shall be processed in the following manner, namely:— (a) the total income or loss shall be computed after making the following adjustments, namely:— (i) any arithmetical error in the return; (ii) […]
Condonation of Delay filing of Income Tax Return for AY 2016-17, 2017-18, AND 2018-19
239 Views
Income-Tax Deduction from Salaries during the Financial Year 2019-2020 U/s 192 of the Income-Tax Act, 1961
141 Views
CBDT issues circular no-07/2020 on Direct Tax Vivad se Vishwas Scheme, 2020
206 ViewsDownload full circular
Black Money (Undisclosed Foreign Income and Assets)
168 ViewsMINISTRY OF FINANCE(Department Of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(Investigation Division-V)NOTIFICATION no -09/2020 New Delhi, the 12th February, 2020 S.O. 664(E).—In exercise of the powers conferred by sub-section (1) of section 280A of the Incometax Act, 1961 (43 of 1961) and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of […]
Free of Cost Pan Card
284 ViewsInstant PAN allotment in near to real time is available at free of cost. Individuals (other than minors) with a valid Aadhaar number (with updated Mobile number) can avail the PAN allotment facility. GUIDELINES–Allotment Of Instant PAN Through Aadhaar Based e-KYC 1. General scheme of Instant PAN allotment This facility is for allotment of […]
Income Tax Calculator for Resident Individuals FY 2020-21
232 ViewsA New Tax Calculator has been put on the e filing website , Enter age, income and total exmptions . It will tell you how much to pay in which tax regime and which regime is better Disclaimer:This calculator is only meant to provide a basic idea of the estimated impact of the new […]