In view of the difficulties being faced by the taxpayers, the Central Govt has extended certain timelines. CBDT Notification No. 113 of 2021 in S.O. 3814(E) dated 17th September, 2021 issued which is available on https://t.co/qX8AZ4HCvf. https://t.co/D3pIf64CoU September 17, 2021 Read more
Central Government relaxes provisions of TDS u/s 194A of the Income-tax Act, 1961 in view of section 10(26) of the Act. CBDT Notification No. 110/2021 in S.O. 3815(E) dated 17th September, 2021 issued. It is available on https://t.co/qX8AZ4HCvf & also on https://t.co/4gF04US5ZG. https://t.co/LYaBAcE59i September 17, 2021 Read more
CBIC issues clarification on extension of time limit to apply for Revocation of Cancellation of GST Registration cancelled u/s 29(2)(b) or 29(2)(c) of CGST Act and where timeline for filing of application for such revocation falls between 01.03.2020 to 31.08.2021. #GST https://t.co/Xmyusq476E September 14, 2021 Read more
CBDT issues clarification regarding carry forward of losses in case of change in shareholding due to strategic disinvestment. Section 79 of the Income-tax Act, 1961 not to apply in a case involving change in shareholding due to such strategic disinvestment. https://t.co/hQ34YyfDyU September 10, 2021 Read more
On consideration of difficulties reported by the taxpayers in filing of Income Tax Returns(ITRs) & Audit reports for AY 2021-22 under the ITAct, 1961, CBDT further extends the due dates for filing of ITRs & Audit reports for AY 21-22. Circular No.17/2021 dated 09.09.2021 issued. https://t.co/FXzJobLO2Q September 09, 2021 Read more
CBDT provides relief to taxpayers who were eligible to file application for settlement as on 31.01.2021 before ITSC, but could not, due to cessation of ITSC vide Finance Act,2021. Such applications can be filed by 30.09.2021 before the Interim Board,subject to certain conditions. https://t.co/BU6sUSWi8n September 07, 2021 Read more
CBDT inserted a new Rule 14C to ease authentication of electronic records submitted in faceless assessment proceedings. If electronic records are submitted through registered account of taxpayer on the income tax portal,separate authentication thru EVC is not required to be done. https://t.co/p9NRAuXXQR September 07, 2021 Read more