Income Tax Notifications notification

CBDT amends Guidelines for application of section 9A of Income Tax

Notification No. 29/2020-Income Tax [G.S.R. 315(E)] (27/05/2020)

CBDT has vide notification dated 27th may 2020 amended Guidelines for application of section 9A. Section 9A  contains provisions related to Certain activities not to constitute business connection in India. CBDT has also notified Following new forms and Annexures- -FORM No. 3CEJA- Report from an accountant to be furnished for purpose of ...

Read More

Section 10(46) exemption to Uttarakhand Environment Protection & Pollution Control Board

Notification No. 28/2020-Income Tax [S.O. 1658(E)] (27/05/2020)

Notification No. 28/2020- Central Government notifies ‘Uttarakhand Environment Protection & Pollution Control Board’, Dehradun (PAN AAALU0160D), a Board constituted by the Government of Uttarakhand, in respect of the following specified income arising to that Board, under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE...

Read More

Section 10(46) exemption to Cochin Special Economic Zone Authority

Notification No. 27/2020-Income Tax [S.O. 1659(E)] (27/05/2020)

Notification No. 27/2020- Central Government notifies ‘Cochin Special Economic Zone Authority’, Kochi (PAN AAAGC0659L), a authority constituted by the Government of India, in respect of the specified income arising to that board under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF...

Read More

Section 10(46) exemption to Kerala Cooperative Development and Welfare Fund Board

Notification No. 26/2020-Income Tax [S.O. 1563(E)] (21/05/2020)

Notification No. 26/2020- Central Government notifies ‘Kerala Cooperative Development and Welfare Fund Board’, Trivandrum (PAN AACTT3875A), a Board constituted by the Government of Kerala, in respect of the specified income arising to that board under section 10(46) of Income Tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) ...

Read More

Section 269SU not applicable to specified person having only B2B transactions

Circular No. 12/2020-Income Tax (20/05/2020)

It is hereby clarified that the provisions of section 269SU of the Act shall not he applicable to a specified person having only B2B transactions (i.e. no transaction with retail customer/consumer) if at least 95% of aggregate of all amounts received during the previous year, including amount received for sales, turnover or gross receipts...

Read More

CBDT issues important directives on Safe Harbour Rules

Notification No. 25/2020-Income Tax/G.S.R. 304(E) (20/05/2020)

The CBDT has issued Notification No. 25 of 2020 dated 20 May 2020, wherein it has notified the year of applicability of the ‘Safe Harbour Rules for International Transactions’ (SHR) for Assessment Year (AY) 2020-21, as the existing rules were applicable only up to AY 2019-20. The said notification are applicable from 1 April 2...

Read More

New Procedure for registration, approval U/s.10(23C), 12AA, 35 & 80G deferred

Release ID: 1622387 (09/05/2020)

CBDT has decided that the implementation of new procedure for approval/ registration/notification of certain entities shall be deferred to 1st October, 2020. Accordingly, the entities approved/ registered/ notified under section 10(23C), 12AA, 35 and 80G of the Income-tax Act, 1961 (the Act) would be required to file intimation within thr...

Read More

Government to issue pending Income Tax/GST/Customs Refunds

In the context of the COVID-19 situation and with a view to provide immediate relief to the business entities and individuals, it has been decided to issue all the pending income-tax refunds up to Rs. 5 lakh, immediately. This would benefit around 14 lakh taxpayers....

Read More

CBDT notifies Shri Ram Janmabhoomi Teerth Kshetra U/s. 80G(2)(b)

Notification No. 24/2020-Income Tax / S.O. 1434(E) (08/05/2020)

CBDT notifies SHRI RAM JANMABHOOMI TEERTH KSHETRA to be place of historic importance and a place of public worship of renown for the purposes of section 80G(2)(b) from the year F.Y. 2020-2021, relevant to the Assessment Year 2021-2022....

Read More

Clarification in respect of residency – section 6 of Income-tax Act, 1961​

Circular No. 11/2020-Income Tax / Release ID: 1622386 dated 09/05/2020 (08/05/2020)

CBDT issues Circular No. 11 of 2020 and excluded period of forced stay in India from 22nd March, 2020 to 31st March, 2020 in computation of residential status in India for Financial Year 2019-20. Circular No. 11 of 2020 F. No. 370142/18/2020-TPI, Government of India Ministry of Finance Department of Revenue Central Board of Direct [&helli...

Read More

Browse All Categories

CA, CS, CMA (4,684)
Company Law (5,969)
Custom Duty (7,741)
DGFT (4,218)
Excise Duty (4,361)
Fema / RBI (4,182)
Finance (4,382)
Income Tax (32,998)
SEBI (3,451)
Service Tax (3,553)

Search Posts by Date

May 2020
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031