Income Tax News


E-assessment scheme notified by CBDT

 13 September 2019 at 17:56

NOTIFICATION New 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, 2019 made under sub-section (3A) of section..

Posted in Income Tax |   572 Views




MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 63/2019- Income Tax New Delhi, the 12th September, 2019 (INCOME-TAX)   S.O. 3266(E).- In exercise of the powers conferred by clause (v) of the Explanation to section 48 of ..

Posted in Income Tax |   2231 Views




MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 5th September, 2019 INCOME-TAX S.O. 3215(E).- In exercise of the powers conferred by the first proviso to clause (23C) of sub-section (1) of section 10 and clause (vi) of sub-section (5) o..

Posted in Income Tax |   1534 Views




Circular No, 25/2019  F.No.285/08/2014-IT(Inv. V)/ 350  Government of India  Ministry of Finance  Department of Revenue  (Central Board of Direct Taxes)  Room No. 515, 5th Floor, C-Block,  Dr. Shyama Prasad Mukherjee Civic Centre,  Minto Road, New ..

Posted in Income Tax |   124 Views




Circular No. 23 of20l9  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 of20l9 New Delhi, 6th September 2019 Subject: Exception to monetary limits for filing appeals specif..

Posted in Income Tax |   3187 Views




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-Commissione..

Posted in Income Tax |   7041 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 give effect to these announcements, the Central Bo..

Posted in Income Tax |   1871 Views




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. The Income Tax department has made history with a quantum jump in the e-filing of Income- Tax R..

Posted in Income Tax  4 comments |   1598 Views




One of the measures pertaining to taxation announced by the Hon’ble Finance Minister as part of the several measures to boost the economy, was the withdrawal of ‘Angel Tax’ provisions for Start-ups and their investors. As part of the measures for mitigating the genuine difficulties..

Posted in Income Tax |   1009 Views




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 ag..

Posted in Income Tax |   2633 Views





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