Category: Income Tax
Using database analytics of the Non-filers Monitoring System (NMS), CBDT has identified various taxpayers those who have entered into high value transactions, having potential tax implications, but have failed …
CBDT has issued a Press Release to clarify the recent misleading news reports about prosecution notices issued in bulk to small companies for minor TDS defaults and has stated …
Income Tax Deptt./ CBDT has issued Circular No. 1/2019 dt. 1 Jan. 2019 containing instructions on the provisions/ TDS rates applicable in respect of salary payment u/s 192 during …
The CBDT has issued "Explanatory Notes to the Provisions of Finance Act, 2018 in the matter of income tax (i.e. section-wise substance of the amended provisions applicable for FY …
New requirement on e-filing of Application for 'Lower' or 'Nil' TDS Rate Certificate in Form 13 u/s 197/ 206C(9) of Income Tax Act, 1961 has been relaxed by CBDT …
CBDT has clarified/ reiterated that in the case of senior citizens, no tax (TDS) is required to be 'deducted at source' under Section 194A, where the amount of such income …
India has signed a Protocal to amend the DTAA with China, meant for avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income, to ensure exchange of …
Govt. has reconstituted the Task Force to draft the new 'Direct Tax Legislation' to replace/ rewrite the existing (50 plus years old) Income Tax Act, with deadline for its …
CBDT notifies amended IT Rules 28, 28AA, 28AB, 37G and 37H along with Revised Form 13 to implement E-process for issue of Certificate under Section 197/ 206C for Lower/ …
CBDT has amended Income Tax Forms 36/ 36A (i.e. Form of Appeal/ Memorandum of cross-objections to the Appellate Tribunal) vide Notification No. 72/2018 dt. 23 Oct. 2018 (Income-tax (10th …