Extension of the due date of furnishing of Income Tax Returns and Audit Reports 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 … [Read more...]
Due Date for Income Tax Return for AY 2019-20 Extended to 30 November 2020
Latest CBDT Circular October 2020 regarding the Income Tax Returns for the Assessment Year 2019-20 PDF Download F. No. 225/ 150/2020-ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, … [Read more...]
One-time relaxation for Verification of tax-returns from AY 2015-16 to 2019-20 which are pending due to non-filing of ITRV form and processing of such returns
One-time relaxation for Verification of tax-returns for the Assessment years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non-filing of ITRV form and processing of such returns Circular No. … [Read more...]
New Income Tax Regime Declaration Form 2020-21 PDF Download for Government Employees
Income Tax Deduction from Salaries F.Y. 2020-21 (A.Y. 2021-22): Format for Self Declaration for Option (Old/New Regime) and intimation of savings for Old regime Office of the Principal Controller of Defence Accounts (Central Command) 1, Cariappa … [Read more...]
All ITR Forms for A.Y. 2020-21: Notification issued by CBDT on 29.5.2020
All ITR Forms for A.Y. 2020-21: Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V: Notification issued by CBDT on 29.5.2020 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF … [Read more...]
Clarifications in respect of prescribed electronic modes under section 269SU of the Income-tax Act 1961
CBDT Circular 12/2020: Section 269su Prescribed Electronic Mode and Rule under Income Tax ACT Circular No. 12/2020 F.No.370142/35/2019-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated: 20th May, … [Read more...]
Last date for filing Income Tax return for AY 2020-21 extended to November 30, 2020
The due date of all Income Tax Returns for Assessment Year 2020-21 will be extended to 30 November, 2020. Similarly, tax audit due date will be extended to 31 October 2020 Finance Minister announce measures for relief and credit support related to … [Read more...]
CBDT revising return forms to enable taxpayers avail benefits of timeline extension due to COVID 19
CBDT revising return forms to enable taxpayers avail benefits of timeline extension due to COVID-19 In order to enable income taxpayers to avail full benefits of various timeline extensions granted by the Government of India due to COVID-19 pandemic … [Read more...]
Clarification regarding short deduction of TDS/TCS due to increase in rates of surcharge by Finance (No.2) Act 2019
Further, if the deductor/ collector has deducted/ collected shortfall of tax after 5th of July, 2019 from the transaction(s) made subsequently after the said date, interest, if any, for the delay in deduction/collection of such tax shall not be … [Read more...]
Payment of salary to employees during the lockdown period can be adjusted against the CSR expenditure?
The Ministry of Corporates Affairs has clarified through a set of FAQs (Frequently Asked Questions) the eligibility of Corporate Social Responsibility (CSR) expenditure related to COVID-19 activities. General Circular No.15 /2020 No. … [Read more...]
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