F. No. 370142/1812020-TPL Government ofIndia Ministry of Finance .Department of Revenue Central Board of .Direct Taxes ***** New Delhi, 3rd March, 2021 Residential status of certain individuals under Income-tax Act, 1961 Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating to the determination of residency of a person. The status of an
The Income Tax Department carried out search & seizure operations on 24.02.2021 on a major Pharmaceutical group based out of Hyderabad. This Pharmaceutical group is engaged in the business of manufacturing of intermediates, Active Pharmaceutical Ingredients (APIs) and formulations. Majority of the total manufactured products are exported to various countries i.e. USA / Europe. The
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th February, 2021 S.O. 966(E).—In exercise of the powers conferred by sub-section (1) of section 3 of the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 (38 of 2020) (hereinafter referred to as the said Act),
The Central Board of Direct Taxes (CBDT) vide its Notification No 8/2021 dated 22nd February 2021 notify the Exemption to Haryana State Pollution Control Board under Section 10(46) of Income Tax Act, 1961. Official Notification is as follows:- MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd February,
The Central Board of Direct Taxes (CBDT) vide its Notification No 7/2021 dated 17th February 2021 notify the revised procedure for Faceless Assessment. The full text of the notification is as follows:- NOTIFICATION New Delhi, the 17th February, 2021 S.O. 742(E).—In exercise of the powers conferred by sub-section (3B) of section 143 of the Income-tax
TDS Rate Chart for the Financial Year 2021-22 (Assessment Year 2022-23) Section Nature of Payment Threshold Limit TDS Rate 192 Payment of Salary Taxable Income liable to tax according to slab as per old or new regime Slab rate as per old or new regime 192A Payment of the accumulated balance in employees provident fund
The Central Board of Direct Taxes (CBDT) vide its Notification No 03/2021 dated 12th January 2021 issues the direction for giving effect to Faceless Penalty Scheme 2021 made under sub-section (2A) of section 274 of the Income Tax Act 1961. The full text of the notification is as follows:- MINISTRY OF FINANCE (Department of Revenue)
The Central Board of Direct Taxes (CBDT) vide its Notification No 02/2021 dated 12th January 2021 notify the Faceless Penalty Scheme 2021 under Income Tax Act, 2021. The full text of the notification is as follows:- MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th January 2021 (INCOME-TAX)
The Central Board of Direct Taxes (CBDT) vide its Notification No 1/2021 dated 6th January 2021 designates the Court of Chief Judicial Magistrate, West Tripura Judicial District, Agartala as the Special Court for the State of Tripura for the purposes of the sub-section (1) of section 280A of the Income-tax Act, 1961. The full text
Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Corrigendum New Delhi, the 13th November, 2020 G.S.R…(E).:- In the notification of the Government of India, in the Ministry of Finance, Department of Revenue, No. 86/2020-Central Tax, dated the 10th November, 2020, published in the Gazette of India, Extraordinary,
