Income-Tax Return (ITR) which is filed electronically without a digital signature, the taxpayer is required to verify it using any one of the following modes within the time limit of 120 days from date of uploading the ITR Circular No.21/2021 F.No.225/140/2021/ITA-II Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes … Read more
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, 2020 Subject: Clarifications in respect of prescribed electronic modes under section 269SU of the Income-tax Act 1961 – reg. In … Read more
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 businesses, especially MSMEs to support Indian Economy’s fight against COVID-19 Rs 3 lakh … Read more
The Department of Revenue has notified through an order that the contributions made to the Fund are in the form of a consolidated payment. The deduction in respect of such donations as indicated above will be admissible u/s 80G of the Act on the basis of Form 16 (Form 16 Certificate). F.No.178/7/2020-ITA-I Government of India … Read more
Finance Ministry issues Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 today In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across sectors in view of COVID-19 outbreak, the govt has brought … Read more
Income Tax Slabs and Tax Rate for Financial Year 2019-2020 (Assessment Year 2020-2021) Income Tax Rate for Financial Year 2019-2020 for Salaried Employees and Officers Working under Government Services Income Tax Slab for AY 2020-21 PDF Download Deduction as per Income Tax Rules As per the Income Tax rules, no tax for the annual earning … Read more
No Need to Submit Additional Documents for PAN Card, Aadhaar is sufficient to apply No Need to Submit Additional Documents for applying PAN Card, only Aadhaar is sufficient to get PAN Number. Getting PAN Card is now very easy with Aadhaar Card. If any one has Aadhaar Card, he can get PAN Card Number without … Read more
CBDT Notification 2019 – Important Amendment in Form 16 CBDT Notification No.36/2019 Dt. 12.4.2019 – Important Amendment in Form 16 and Form No. 24Q Notification No.36/2019 Amendment of Form No. 16 and Form No. 24Q MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th April, 2019 G.S.R. 304(E).—In … Read more
IT Returns cannot be filed without quoting the Aadhaar number – CBDT Income Tax Returns being filed either electronically or manually cannot be filed without quoting the Aadhaar number Circular No.6/2019 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi, the 31st of March, 2019 Subject: … Read more
Extension of date of filing of Income Tax Return throughout India – CBDT Press Information Bureau Government of India Ministry of Finance 29-July-2016 20:47 IST CBDT extends the date for filing income tax return for Assessment Year 2016- 2017 from July 31st to August 5th, 2016 As per provisions of Section 139(1) of Income-tax Act … Read more