CBDT has issued clarification that there is no requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares. In a Press Release released on 26/09/2020, CBDT stated that the...
THE TAXATION AND OTHER LAWS (RELAXATION AND AMENDMENT OF CERTAIN PROVISIONS) BILL, 2020 has created a lot of confusion regarding due dates of filing Income tax Returns for FY 2019-20 and FY 2020-21 and few other due...
CBDT vide Circular No. 16/2020 dated 30/08/2020 has clarified that No Bank/System Provider can impose any charges on transactions made through Debit Card, BHIM-UPI & BHIM-UPI QR CODE on or after 1st J...
Prime Minister Shri Narendra Modi launched a platform for “Transparent Taxation - Honouring the Honest” on 13th August, 2020 through video conferencing. Speaking on the occasion he said that the process of...
The Hon'ble Supreme Court in the case of Shree Choudhary Transport Company and Income Tax Officer held that the individuals must deduct TDS on payments to contractors even in the absence of a contract....
The Central Board of Direct Taxes (CBDT) has extended the due date of filing Income Tax Returns for the Financial Year 2018-19 to 30th September 2020 30th November, 2020*. A notification to this effect was issue...
CBDT has issued a press release dated 18th July, 2020 to inform to start e-campaign on Voluntary Compliance of Income Tax for FY 2018-19 from today i.e : 20th July, 2020. Government of India Department of...
CBDT vide Circular No. 13/2020 dated 13.07.2020 has provided one-time relaxation for Verification of income-tax returns for the Assessment Years 2015-16, 2016-17, 2017-18, 2018-19 and 2019-20 which are pending due to non...
CBDT vide its Order issued under section 119 dated 10th July 2020 has extended the time limit to 31.10.2020 for processing of returns with refund claims under section 143(1) of the Income-tax Act,1961 beyond the pre...
Considering the tide of COVID 19 on the Indian Economy, RBI on 27th March announced Moratorium for term loans inclusive of Home loans etc for a period of six months starting from March 1, 2020 to Augu...
