Income Tax News



F No 370149/230/2017- TPL  Government of India  Ministry of Finance  Department of Revenue  Central Board of Direct Taxes  (TPL Division)  New Delhi, August 2, 2019  OFFICE ORDER  In order to review the existing Income-tax Act, 1961 and to draft ..

Posted in Income Tax |   257 Views




Income Tax Department conducted searches on 23rd July, 2019 in a group covering 13 premises across 3 States (Delhi, Haryana & Himachal Pradesh). The group, controlled by persons who have significant political presence in a neighbouring State for decades and are occupying responsible political..

Posted in Income Tax |   2429 Views




Finance Minister exhorted Income Tax officers to be prompt in redressing the grievances of the tax payers Finance Minister asks Tax officers to deal firmly with Tax evaders  Income Tax Department celebrates Aaykar Diwas 2019 The Union Minister of Finance & Corporate Affairs Smt Nir..

Posted in Income Tax |   1744 Views




CGST Commissionerate, Gurugram arrest Three persons for committing offences under CGST Act  CGST Commissionerate, Gurugram, Haryana has arrested three persons namely, Sh. Sh. Anil Kumar, S/o Sh. Balwan Singh, R/o VPO Jevra, Tehsil Barwala, Dist.- Hisar, Haryana, Sh.Bhikaram, S/o Sh. Babu Ram..

Posted in Income Tax |   313 Views




The Central Board Of Direct Taxes(CBDT) vide notification dated 23.07.19 has extended the last date of filing income tax returns for the assessment year 2019-20 from 31st July, 2019 to 31st August, 2019 in case of all taxpayers who are liable to file their Income Tax Returns by the said ‘due d..

Posted in Income Tax  32 comments |   15208 Views




ITR-2 & ITR-5 utilities are modified to fix bugs identified while filling Schedule FA in ITR-2 (Java utility), Partners information is ITR-5 (Java utility) and Part A-General answer to Investment Fund query in ITR-5 (Excel utility). These bug fixes has no impact on XML schema which remains same ..

Posted in Income Tax |   1748 Views




Modification of the term "Accountant" as appearing in the Explanation below sub-section (2) of section 288 of the Income Tax Act, 1961 to include the "Cost Accountant" therein The Institute of Cost Accountants of India (ICAI) is a statutory body set up under an Act of Par..

Posted in Income Tax  10 comments |   2535 Views




Schedule 112A and 115AD(1)(iii) of long term capital gain are provided in the Income Tax Return software as per the Instructions to the Notified ITR form and based on taxpayer feedback.Taxpayers have an option to either enter the Scrip wise details of long term capital gains in Schedule 112A and 115..

Posted in Income Tax  1 comments |   339 Views




CBDT issues clarification on incorrect reports in social media pertaining to difficulty in filing of Income Tax Returns Central Board of Direct Taxes (CBDT) has said today that no changes have been made in any of the Income-tax Return (ITR) forms including ITR-2 and ITR-3 since the notification m..

Posted in Income Tax  10 comments |   6571 Views




Download Pre-filled XML is available for ITR 1, 2, 3 and 4 for AY 2019-20. For other ITR's it will be available shortly Taxpayers are requested to note the followings in connection with pre-filling of ITRs- 1. Pre-filling of ITR is only for the taxpayer's convenience. Taxpayers should ..

Posted in Income Tax  1 comments |   2383 Views





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