Income Tax notification

Exercising of powers & performing of functions by officers in CCITs grade

F. No. 187/01/2019-ITA-1 (15/01/2019)

Order u/s 120 (1) of the Income Tax Act, 1961 – Exercising of powers and performing of functions by the officers in the grade of CCITs – reg. F. No. 187/01/2019-ITA-1 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ITA-I Division North Block, New Delhi, Dated the 15th January, 2019 ...

Read More

Office Order No. 9/2019 – Transfer/Posting of ITO Mutual Basis

Office Order No. 09 of 2019 (14/01/2019)

Office Order No. 09 of 2019- The following transfers/postings in the grade of Income Tax Officers on mutual basis are hereby ordered, as per the table given below, with immediate effect and until further orders:...

Read More

8 Point CBDT strategy for maximization of direct tax collections

F. No. 380/02/2018-IT (B) (04/01/2019)

With a view to maximize tax collections in general and collections under Regular Assessment in particular, the following strategies need to be implemented in this quarter: (a) Targeted recovery surveys in potential cases where high amount of recovery is likely. Sale of attached properties in appropriate cases by TROs to recover confirmed ...

Read More

TDS on Salary for FY 2018-19 – Major/important Points to Remember

CBDT Circular No.1 of 2019 (04/01/2019)

CBDT’s Circular No. 1 of 2019 dated 01.01.2019– Major/important Points to Remember The CBDT has issued circular No. 1 on 01.01.2019 in respect of the Deduction of tax at Source from Salaries u/s 192 of the Income Tax Act, 1961. Some of the major / important points to remember are; 1. Standard Deduction u/s 16(ia). […]...

Read More

CBDT Withdraws Circular No. 10/2018 – What made them withdraw?

Circular No. 02/2019 (04/01/2019)

CBDT Withdraws Circular No. 10/2018 dated 31.12.2018 on applicability of section 56(2)(viia) of the Income-tax Act, 1961 for issue of shares by a company in which public are not substantially interested. It is learnt that Same is been withdrawn considering the Negative Impact it may have on National Herald case involving Mrs Sonia Gandhi ...

Read More

Transfer and posting of the officers in the grade of JCIT / Additional CIT

Office Order No. 03 of 2019 (02/01/2019)

Office Order No. 03 of 2019 The following transfer/postings of the officers in the grade of Joint Commissioner/Additional Commissioner of Income Tax. are hereby ordered with immediate effect and until further orders:...

Read More

TDS on Salary for Financial Year 2018-19

Circulars No. 1/2019 (01/01/2019)

CBDT issued Circular No. 01/2019 on Deduction Of Tax At Source (TDS)-Income-Tax Deduction From Salaries Under Section 192 Of The Income-Tax Act, 1961 During The Financial Year 2018-19 / Assessment Year 2019-20. Circular Covers Deduction Of Tax At Source (TDS)-Income-Tax Deduction From Salaries Under Section 192 Of The Income-Tax Act, 1961...

Read More

No addition U/s. 56 on receipt of shares as a result of fresh issuance of shares

Circular No. 10/2018 (31/12/2018)

It is hereby clarified that section 56(2)(viia) of the Act shall apply in cases where a specified company or firm receives the shares of the specified company through transfer for no or inadequate consideration. Hence, the provisions of section 56(2)(viia) of the Act shall not be applicable in cases of receipt of shares by the specified c...

Read More

Order No. 225 of 2018 – Promotion of 31 officers to CCIT grade

Office Order No. 225 of 2018 (31/12/2018)

Order No. 225 of 2018 - Consequent upon approval of the Competent Authority, following officers are, hereby, promoted to the grade of Chief Commissioner of Income Tax (CCIT) (level 16 in the pay matrix Rs. 2,05,400-2,24,400/-) on in-situ basis w.e.f. the date of assumption of charge of the post by them and until further orders:...

Read More

Order No. 224 of 2018: Transfer and posting of officers in Pr. CIT grade

Office Order No. 224 of 2018 (31/12/2018)

Office Order No. 224 of 2018 The following Principal Commissioners of Income Tax are hereby transferred and posted as per the table below, with immediate effect and until further orders:...

Read More

Browse All Categories

CA, CS, CMA (3,962)
Company Law (4,191)
Custom Duty (7,147)
DGFT (3,825)
Excise Duty (4,173)
Fema / RBI (3,564)
Finance (3,773)
Income Tax (28,538)
SEBI (3,016)
Service Tax (3,418)