Relaxation of Eligibility of MTS in appearing Ministerial Staff Exam 2020

GDS to MTS Exam 2021 Answer Key

DIRECTORATE OF INCOME TAX (Exam & OL) 5th floor, Mayur Bhawan, Connaught Circus, New Delhi – 110001 F. No. DE-2020/Notification-II/ADG/81-98 Dated: 20.07.2020 To, All Pr. Chief Commissioner of Income Tax (Cadre Controlling Authority) All Pr. CCsIT/CCsIT/Pr. CsIT/CsIT (In-charge of Examination) Subject :- Relaxation of Eligibility of MTS in appearing Ministerial Staff Exam- 2020- reg. Madam/Sir, … Read more

CBDT revising return forms to enable taxpayers avail benefits of timeline extension due to Covid-19

Income Tax

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 situations, the CBDT is revising the return forms for FY 2019-20 (Assessment Year 2020-21) which shall be notified by the end of this month. CBDT today said that in order to … Read more

Clarification in respect of option under section 115BAC of the Income-tax Act, 1961

Income Tax

Circular C1 of 2020 F. No. 370142/13/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ***** New Delhi, April 13, 2020 Clarification in respect of option under section 115BAC of the Income-tax Act, 1961 Section 115BAC of the Income-tax Act, 1961 (the Act), inserted by the Finance Act, 2020 … Read more

Clarification regarding short deduction of TDS/TCS due to increase in rates of surcharge by Finance (No.2) Act, 2019

Income Tax

Circular No. 8/2020 No. 370133/5/2020-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) ***** Room No. 1478-H, North Block, New Delhi Dated 13th April, 2020 Subject : Clarification regarding short deduction of TDS/TCS due to increase in rates of surcharge by Finance (No.2) Act, 2019-reg. The Finance … Read more

Over 10.2 lakh Refunds worth Rs 4,250 crore issued in a week by CBDT to help taxpayers in COVID-19 pandemic situation

Income Tax

In pursuance to the Government’s decision vide Press Note on 8th April 2020 to issue pending income tax refunds up to Rs 5 lakh in order to help taxpayers in a COVID-19 pandemic situations, the Central Board of Direct taxes (CBDT) today said that it has already issued over 10.2 lakh refunds totalling to around … Read more

Submission of certificate for claiming deductions u/s 80G of the IT Act, 1961 for PM CARES FUND

Income Tax

F.No.178/7/2020-ITA-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 9th April, 2020 Subject:- Submission of certificate for claiming deductions u/s 80G of the Income-tax Act, 1961 in respect of donation made by an employee to the “Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund … Read more

CBDT : Issuance of certificate for lower rate/nil deduction/collection of TDS/TCS u/s 195,197 and 206C (9)

Income Tax

F.No. 275/25/2020-IT(B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes North Block, New Delhi 09 April 2020 Sub: Clarification on orders dated 31.03.2020 and 03.04.2020 issued under section 119 of the Income-tax Act, 1961 (the Act) by CBDT vide F. No. 275/25/2020-IT(B) regarding issuance of certificate for lower rate/nil … Read more

5 லட்சத்துக்கும் குறைவான வருமான வரி பிடித்தத்தை திருப்பி அளிக்க உத்தரவு

Income Tax

ரூ. 5 லட்சம் வரையிலான நிலுவையில் உள்ள அனைத்து வருமான வரித் தொகை திருப்பி கொடுத்தல்களையும் வருமான வரித் துறை உடனே செய்யும்; சுமார் 14 லட்சம் வரி செலுத்துவோர் பயனடைவார்கள் அனைத்து சரக்கு மற்றும் சேவை வரி, சுங்க திருப்பிக் கொடுத்தல்களும் உடனே செய்யப்படும்; குறு, சிறு மற்றும் நடுத்தரத் தொழில் நிறுவனங்கள் உட்பட சுமார் 1 லட்சம் தொழில் நிறுவனங்களுக்குப் பயன் கிடைக்கும் ரூ. 18,000 கோடி மொத்த திருப்பி கொடுத்தல்களுக்கு உடனடி அனுமதி. … Read more

आयकर विभाग 5 लाख रुपये तक के सभी लंबित आयकर रिफंड को तुरंत जारी करेगा; लगभग 14 लाख करदाता लाभान्वित होंगे

Income Tax

आयकर विभाग 5 लाख रुपये तक के सभी लंबित आयकर रिफंड को तुरंत जारी करेगा; लगभग 14 लाख करदाता लाभान्वित होंगे सभी जीएसटी और कस्टम रिफंड भी जारी किए जाएंगे; एमएसएमई सहित लगभग 1 लाख व्यावसायिक उद्यम लाभान्वित होंगे तत्‍काल स्‍वीकृत कुल रिफंड 18,000 करोड़ रुपये का है ‘कोविड-19’ महामारी से उत्‍पन्‍न अत्‍यंत विकट स्थिति … Read more