The Directorate of Income Tax (System), CBDT has vide its Notification No 1 of 2021 and Notification No 2 of 2021 dated 20th April 2021 notify the format, procedure, and guidelines for submission of Statement of Financial Transactions (SFT) under Section 285BA of the Income Tax Act, 1961 in respect of Dividend and Interest Income
CBDT has vide its Notification No 32/2021 dated 15th April 2021 notifies the amendment in Rule 2DB, 2DC, and Form 10BBA. The full text of the notification is as follows:- MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 15th April, 2021 INCOME-TAX G.S.R. 274(E).—In exercise of the powers
Frequently Asked Questions on Form 10A for Charitable Trust Q 1: A charitable trust has obtained registration under Section 12A of the Income-tax Act, 1961. Now, it wants to obtain registration under Section 80G of the relevant act. Is it required to file a new application in Form 10A? Ans.: Yes. For each unique section
The Central Board of Direct Taxes has vide its Notification No 28/2021 dated 01st April 2021 notify the amendment in Tax Audit Report under section 44AB of the Income Tax Act, 1961. As per the said notification following changes has been done in the Tax Audit Report:- Tax Audit Report can be revised if any
The Central Board of Direct Taxes (CBDT) has extended the time limit for issuance of notice under section 148 of the Income-tax Act, 1961 vide its notification no 20/2021 dated 31st March 2021. The full text of the notification is as follows:- MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 31st March 2021 S.O. 1439(E). —In exercise of the powers conferred by sub-section (6C) of section 250 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby amends the notification of the Government of India, Ministry of Finance
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 25th September, 2020 (INCOME-TAX) S.O. 3296(E).—In exercise of the powers conferred by sub-section (6B) of section 250 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following Scheme, namely:- 1. Short title and commencement.––(1) This
The Central Board of Direct Taxes (CBDT) has vide its notification no 26/2021 dated 31st March 2021 amend the Faceless Appeal Scheme 2020. Before Amendment After Amendment (xviii) “National e-Assessment Centre” shall mean the National e-Assessment Centre set up under scheme notified under sub-section 3A of section 143 of the Act; ‘(xviii) “National Faceless Assessment
The Central Board of Direct Taxes (CBDT) vide its Notification No 16/2021 dated 12th March 2021 issue the amend the Rule 114E of the Income Tax Rules, 1962 with regards to the furnishing of statement of financial transactions. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 12th March
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,
