Income Tax News

CBDT extends due date for TDS compliance in Odisha

25 May 2019 at 10:43

With a view to redress genuine hardship faced by the deductors due to the severe disruption of normal life and breakdown of communication systems caused by cyclone "Fani" hitting the State of Odisha on 3rd of May, 2019, CBDT has provided th

Posted in Income Tax | 7134 Views

Modification in Form No. 15H: IT (4th Amendment Rules), 2019

23 May 2019 at 18:02

MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATIONNew Delhi, the 22nd May, 2019INCOME-TAXG.S.R. 375(E),- In exercise of the powers conferred by sub-section (1C) of section 197A read with section 295 of the Income-t

Posted in Income Tax | 6351 Views

CBDT issues Draft Notification for Amendment of Form No 10B of the Income-tax

22 May 2019 at 11:58

Section 12A of the Income-tax Act, 1961 (the Act) provides for conditions for applicability of Sections 11 and 12 of the Act. One such condition under clause (b) of sub-section (1) thereof is that where the total income of the trust or institution c

Posted in Income Tax | 2 comments | 8457 Views

ITR 1,2,3,4 are now available for e-filing for AY 2019-20

11 May 2019 at 13:09

ITR 1, 2, 3 & 4 for AY 2019-20 is now available for e-Filing. Other ITRs will be available shortly Form Description Microsoft Excel Java Instructions ITR 1 For Individuals being a Resident (other than Not Ordinarily Resi

Posted in Income Tax | 8193 Views

Procedure for issuance of TDS certificate in Part B of Form 16

08 May 2019 at 12:46

Notification No. 09/2019 F. No. Pr. DGIT(S)/CPC(TDS)/Notification/Part-B Form16/2019-20 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi New Delhi, 06'th, May, 2019 Subject: Proce

Posted in Income Tax | 8 comments | 29655 Views

Department clarifies E-filing of IT returns has increased 19 percent

07 May 2019 at 11:42

There have been some incorrect reports in media pertaining to reduction in numbers of Income Tax Returns(ITR) e-filed during Financial Year(F.Y.) 2018-19 as compared to F.Y. 2017-18. This is factually untrue, because the figures for F.Y. 2017-18 and

Posted in Income Tax | 5505 Views

CBDT Rectifies earlier notification amending Income Tax Form 16

06 May 2019 at 11:13

MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)Notification No. 38/2019New Delhi, the 3rd May, 2019G.S.R. 347(E). - In the notification of the Government of India, Ministry of Finance, Department of Revenue (Central Board of

Posted in Income Tax | 7578 Views

6 lacs less Income tax return filers in FY 2019 vis-a-vis FY 2018

04 May 2019 at 13:35

After clocking steep growth rates over the last few years (an average of 25% in the three years to FY18), the number of taxpayers filing income-tax e-returns saw a marginal contraction in FY19. In FY19, only 6.68 crore returns were filed online, 1% l

Posted in Income Tax | 1 comments | 7959 Views

ITR 2 for AY 2019-20 is now available for e-filing along with ITR-1 & 4

03 May 2019 at 11:18

ITR 1, 2 & 4 for AY 2019-20 is now available for e-Filing. Other ITRs will be available shortly. The Forms can be downloaded as mentioned below: Form Description Software Form 1 (Equalisation levy) Statement of Specified Servic

Posted in Income Tax | 2 comments | 7125 Views

Income Tax Department continues search action in J&K Region

26 April 2019 at 12:16

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 25th April, 2019Income Tax Department continues search action in J&K RegionIncome Tax Department conducted search and seizure operations at 5 loca

Posted in Income Tax | 2 comments | 5253 Views