Extension of time lines for electronic filing of various Forms under the Income-tax Act,1961
1. On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 (Act) read with Income-tax Rules,1962…
Guidelines under section 9B and sub-section (4) of section 45 of the Income-tax Act, 1961
Dated: 2nd July, 2021 Finance Act, 2021 inserted a new section 98 in the Income-tax Act 1961 (hereinafter referred to as “the Act”). This section mandates that whenever a specified…
Guidelines under section 194Q of the Income-tax Act, 1961
Finance Act, 2021 inserted a new section 194Q in the Income-tax Act 1961 (hereinafter referred to as “the Act”) which takes effect from I st day of July, 202 I.…
Extension of time limits of certain compliances to provide relief to taxpayers in view of the severe pandemic
New Delhi. Dated 25th June 2021 On consideration of genuine hardship being faced by the taxpayers in making various compliances under the Income-tax Act. 1961 (hereinafter referred to as “the…
Circular regarding use of functionality under Section 206AB and 206CCA of the Income-tax Act, 1961
Dated: 21 “June, 2021 Finance Act, 2021 inserted two new sections 206AB and 206CCA in the Income-tax Act 1961 (hereinafter referred to as “the Act”) which takes effect from I…
Clarification regarding the limitation time for filing of appeals before the CIT(Appeals) under the Income-tax Act,1961 (the Act)
New Delhi, Dated 25th May, 2021 1. The Central Board of Direct Taxes has issued Circular NO. 8 of 2021 on 30th April 2021 providing various relaxations till 31 st…
Extension of various Due dates under the Income Tax Act 1961
Circular No. 9 of 2021 – dt 20th May 2021 Due dates of following compliances have been extended by the Central Board of Direct Taxes (CBDT) to provide relief to…
Extension of time lines related to certain compliances by the Taxpayers under the Income-tax Act 1961
New Delhi, Dated 30th April, 2021 Subject: Extension of time lines related to certain compliances by the Taxpayers under the Income-tax Act 1961 1. In view of severe pandemic, the…
Order under section 119 of the Income-tax Act, 1961
Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires specified persons to furnish the Tax Audit Report along…
Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020
Dated: 23,d March, 2021 Sub : Clarifications on provisions of the Direct Tax Vivad se Vishwas Act, 2020 – 1. With the objective to inter alia reduce pending income tax…