Section 44AB of the Income-tax Act, 1961 (‘the Act’) read with rule 6G of the Income-tax Rules, 1962 (‘the Rules’) requires specified persons to furnish the Tax Audit Report along…
During the Union Budget, 2020 presentation, the ‘Vivad se Vishwas’ Scheme was announced to provide for dispute resolution in respect of pending income tax litigation. Pursuant to Budget announcement, the…
CBDT revising Income Tax Return(ITR) forms to enable taxpayers to avail benefits of timeline extension due to Covid-19 situation.
In order to mitigate the unprecedented situation due to Covid-19 pandemic, CBIC hastaken a number of measures to facilitate & expedite Customs clearance process making it more and more contact-less…
Circular No.136/06/2020-GST, dated 03.04.2020 had been issued to clarify doubtsregarding relief measures taken by the Government for facilitating taxpayers in meeting the compliance requirements under various provisions of the Central…
Relaxation of provisions for Account holders of PPF, Sukanya Samriddhi Account (SSA) and RD.Govt has taken the decision to safeguard interests of small savings depositors in view of the lockdown…
The Ministry has been receiving several references/ representations from various stakeholders seeking clarifications on eligibility of CSR expenditure related to COVID-19 activities. In this regard, a set of FAQs along…
Basic Customs Duty and Health Cess Exempted on import of ventilators and other items in response to the COVID-19 situation.
With a view to further mitigate the hardships to taxpayers, CBDT provides clarification on orders u/s 119 of the Income – tax Act, 1961 issued recently, relating to issue of…
Relief provided to taxpayers in view of Covid-19 pandemic. Taxpayers having aggregate turnover more than Rs. 1.5 crores and upto Rs. 5 crores in preceding FY For more details, please…