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Income Tax News


2% TDS on cash payment withdrawn for Farmers

   18 September 2019 at 11:40

Addressing the concerns raised by Agriculture Produce Market Committees (APMCs), it has been decided not to levy the 2% TDS on cash payments above Rs 1 crore made through APMCs, in order to make immediate payments to farmers for their produce.

Posted in Income Tax  3 comments |   11958 Views


E-assessment scheme notified by CBDT

   13 September 2019 at 17:56

NOTIFICATIONNew Delhi, the 12th September, 2019(INCOME-TAX)S.O. 3265(E).- In exercise of the powers conferred by sub-section (3B) of section 143 of the Income-tax Act, 1961 (43 of 1961), for the purposes of giving effect to the E-assessment Scheme, 2

Posted in Income Tax |   4941 Views


Cost inflation index for 2019-20 notified as 289

   13 September 2019 at 12:31

Cost inflation index for 2019-20 notified as 289

Posted in Income Tax |   8601 Views


Amendment in requirements for approval of an institution or fund under section 80G

   12 September 2019 at 11:32

Income-tax (6th Amendment) Rules, 2019

Posted in Income Tax |   6522 Views


Relaxation of compounding of offences to 12 month under IT Act

   12 September 2019 at 11:32

Relaxation of time-Compounding of Offences under Direct Tax Laws-One-time measure

Posted in Income Tax |   1782 Views


LTCG and STCG cases added as exception to monetary limits for filing appeals by dept

   09 September 2019 at 10:59

Circular No. 23 of20l9 F. No. 279/Misc.lM-93/20l8-ITJ(Pt.)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board Direct TaxesJudicial SectionCircular No. 23 of20l9New Delhi, 6th September 2019Subject: Exception to monetary limits fo

Posted in Income Tax |   11475 Views


CBDT guidelines for manual selection of scrutiny for 2019-20

   06 September 2019 at 11:27

F.No.225/169/2019/ITA-11 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ITA-II division) North Block, New Delhi, the 5th September, 2019 To All Pr. Chief-Commissioners of Income-tax/Chief-Commissioner of

Posted in Income Tax |   24390 Views


CBDT consolidated Circulars for Start-ups

   03 September 2019 at 11:33

In order to provide hassle-free tax environment to the Start-ups, a series of announcements have been made by Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman in her General Budget Speech, 2019, and also on 23rd August 2019. To

Posted in Income Tax |   7152 Views


More than 49 lac ITR filed smoothly in one day on 31st August

   02 September 2019 at 12:06

Income Tax department made history with a quantum jump in the e-filing of Income- Tax Returns With an All time high record of 49 lakh 29 thousand and 121 ITRs filed in a single day on 31st August 2019.

Posted in Income Tax  4 comments |   6276 Views


CBDT constitutes Start-up Cell for redressal of grievances related to Start-ups

   31 August 2019 at 11:53

In order to redress grievances and address various tax related issues in the cases of Start-ups, a Start-up Cell has been constituted by CBDT on 30.08.2019

Posted in Income Tax |   4158 Views