Income Tax

In this section you will get income tax updates, such as press release, notification circular, orders and many more updates,


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Income Tax Audit Anx for fy 2019-20

113 Viewshe Income Tax audit is an examination of an individual’s or organisation’s tax returns by any outside agency to verify that all the income, expenditure and deduction information are filed correctly. … The audit report is given as per format available in the form numbers 3CA/3CB and 3CD. Download Excel Tax Audit Anx fy 2019-20 Related posts: Clarification of issues relating …

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Income Tax Refund Letter

145 ViewsTo The Assessing Officer Income Tax Office Ward 2(2)(3) Ghaziabad , Up Dear sir, I am Suraj Kumar ( Pan no-DQTPK9758) filed income tax return ( Ack. No- 397358030140720) for the Assessment Year 2020-21 and FY 2019-20. I am eligible to get refund INR 6,840 /- but my bank account has not received yet. …

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INCOME-TAX NOTIFICATION NO.89

113 ViewsINCOME-TAX NOTIFICATION NO.89 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 2nd November, 2020(INCOME-TAX) S.O. 3952(E).—In exercise of powers conferred by sub-clause (vi) of clause (b) of the Explanationto clause (23FE) of section 10 of the Income-tax Act, 1961 (hereinafter referred to as the “Act”), theCentral Government hereby specifies the sovereign …

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INCOME-TAX NOTIFICATION NO.88

103 ViewsINCOME-TAX NOTIFICATION NO.88 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 29th October, 2020TAXATION AND OTHER LAWS S.O. 3906(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxationand Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of 2020) (hereinafterreferred to as the Act), …

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INCOME-TAX NOTIFICATION NO.87

97 ViewsINCOME-TAX NOTIFICATION NO.87 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 28th October, 2020EQUALISATION LEVY S.O. 3865(E).—In exercise of the powers conferred by sub-section (1) and sub-section (2) of Section179 of the Finance Act, 2016 (28 of 2016), the Central Government hereby makes the following rules to amendthe Equalisation levy Rules, …

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INCOME-TAX NOTIFICATOIN NO.86

91 ViewsINCOME-TAX NOTIFICATOIN NO.86 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)(Investigation Division-V)NOTIFICATIONNew Delhi, the 28th October, 2020 S.O. 3854(E).—In exercise of the powers conferred by sub-section (1) of section 280A of the Income-taxAct, 1961 (43 of 1961) and in supersession of the notification of the Government of India in the Ministry of Finance(Department …

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INCOME-TAX NOTIFICATION NO.85

113 ViewsINCOME-TAX NOTIFICATION NO.85 MINISTRY OF FINANCE(Department of Revenue)NOTIFICATIONNew Delhi, the 27th October, 2020 S.O. 3847(E).—In exercise of the powers conferred by section 3 of the Direct Tax Vivad seVishwas Act, 2020 (3 of 2020), the Central Government hereby notifies that the,–(a) 31st day of December, 2020 shall be the date, on or before which …

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Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of
Form No. 10BB fo r Assessment Year 2016-17 and subsequent years – Reg.

92 ViewsCondonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing ofForm No. 10BB for Assessment Year 2016-17 and subsequent years – Reg. Circular No. 19 /2020 F.No.197/13S/2020-IT A-IGovernment ofIndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, the 3 November, 2020 Sub: Condonation of delay under section 119(2)(b) of …

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of
Form No. 10BB fo r Assessment Year 2016-17 and subsequent years – Reg.
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Clarifications in respect of the Direct Tax Vivad se Vishwas Act, 2020 – reg.

95 ViewsClarifications in respect of the Direct Tax Vivad se Vishwas Act, 2020 – reg. Circular No. 18 I 2020 F.No. IT(A)/1I2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes Dated: 28th October, 2020 Subject: Clarifications in respect of the Direct Tax Vivad se Vishwas Act, 2020 – reg.With the objective to reduce …

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INCOME-TAX NOTIFICATION NO.84

131 ViewsINCOME-TAX NOTIFICATION NO.84 MINISTRY OF FINANCE(Department of Revenue)(Central Board of Direct Taxes)NOTIFICATIONNew Delhi, the 22nd October, 2020. G.S.R. 664(E).—In exercise of the powers conferred by sub-section (1) of section 295 of theIncome-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rulesfurther to amend the Income-tax Rules, 1962, …

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Extension of due date of furnishing of Income Tax Returns and Audit Reports for fy 2019-20

309 ViewsMinistry of Finance In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the Ordinance’) on 31st March, 2020 which, inter alia, extended various time limits. The Ordinance has …

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INCOME-TAX NOTIFICATION NO.83

169 ViewsINCOME-TAX NOTIFICATION NO.83 MINISTRY OF FINANCE(Department of Revenue)NOTIFICATIONNew Delhi, the 19th October, 2020[INCOME-TAX] S.O. 3660 (E) .—In exercise of the powers conferred by the third proviso to sub-section (2) of section 92Cof the Income-tax Act, 1961 (43 of 1961)(hereinafter referred to as the „said Act‟), read with proviso to sub-rule (7) ofrule 10CA of …

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Maintenance of accounts by certain persons carrying on profession or business

146 ViewsMaintenance of accounts by certain persons carrying on profession or business Section – 44AA, Income-tax Act, 1961 44AA. (1) Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or any other profession as is notified by the Board in the Official Gazette shall …

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INCOME-TAX NOTIFICATION NO.82

146 ViewsINCOME-TAX NOTIFICATION NO.82 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 1st October, 2020INCOME-TAX G.S.R. 610(E).—In exercise of the powers conferred by section 44AB, section 92E, clause (iv) ofsub-section (2) of section 115BAA, sub-clause (iii) of clause (c) of sub-section (2) of section 115BAB,clause (iii) of sub-section (2), proviso to sub-section …

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Guidelines under section 194-0 (4) and section 206C (1-1) of the Income-tax Act, 1961 – reg.

135 Views Guidelines under section 194-0 (4) and section 206C (1-1) of the Income-tax Act, 1961 -reg. Circular No. 17 of 2020 F. No.370133/22/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes(TPL Division) Dated: 29th September, 2020 Sub.: Guidelines under section 194-0 (4) and section 206C (1-1) of the Income-tax Act, 1961 –reg. …

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INCOME-TAX NOTIFICATION NO.81

147 ViewsINCOME-TAX NOTIFICATION NO.81 NOTIFICATIONNew Delhi, the 25th September, 2020INCOME TAX S.O. 3309(E).—In exercise of powers conferred by sub-sections (1) and (2) of section 120 of theIncome-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act) and to give effect to the FacelessAppeal Scheme, 2020 (hereinafter referred to as the Scheme) made under …

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INCOME-TAX NOTIFICATION NO.80

134 ViewsINCOME-TAX NOTIFICATION NO.80 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 25th September, 2020INCOME TAX S.O. 3308(E).-—In exercise of powers conferred by sub-sections (1) and (2) of section 120 of theIncome-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act) and to give effect to the FacelessAppeal Scheme, 2020 …

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INCOME-TAX NOTIFICATION NO.79

171 ViewsINCOME-TAX NOTIFICATION NO.79 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 25th September, 2020(INCOME-TAX) S.O. 3304(E).—In exercise of powers conferred under sub-section (2) of section 143 of Income-tax Act,1961 (43 of 1961) (the Act) read with Rule 12E of the Income-tax Rules, 1962, the Central Board of Direct Taxeshereby authorises the …

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INCOME-TAX NOTIFICATION NO.78

142 ViewsINCOME-TAX NOTIFICATION NO.78 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 25th September, 2020(Income-tax) S.O. 3303(E).—In exercise of the powers conferred under section 118 and sub- section (1) and (2) of section120 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the followingamendments in …

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