Posts In: Income Tax Act

Key changes made in Income tax Act,1961 and Finance Act, 2019 vide Taxation Law ( Amendment ) Ordinance, 2019

September 24, 2019 Fiscal, Industries, states 0

Ministry of Law and Justice has issued a Taxation Law (Amendment) Ordinance, 2019 dated 20th September, 2019 to amend the Income Tax Act, 1961 and Finance...

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CBDT prescribes procedure for identification and processing of cases for prosecution under Income Tax Act, 1961

September 12, 2019 Fiscal, Industries, states 0

Central Board of Direct Taxes (CBDT) has issued Circular No. 24/2019 to relax criteria for launching prosecution in respect of certain offences and to ensure...

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Key changes in the Income Tax Act,1961 brought in vide Finance Act, 2019

August 3, 2019 Fiscal, Industries, states 0

The Finance Bill, 2019 has received the President assent on 1st of August, 2019. Some of the key changes brought vide Finance Act, 2019 under...

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CBDT substitutes Form 16 and Form 24 Q issued under Income Tax Act, 1961

April 16, 2019 Fiscal, Industries, states 0

Central Board of Direct Taxes (CBDT) had issued a Notification No 36/2019 to further amend the Income Tax Rules, 1962. Key points of the Notification...

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CBIC issues corrigendum to clarify that tax collected at source under Income Tax Act need not be included in value of supply under GST

March 8, 2019 Fiscal, Industries, states 0

Central Board of Indirect Taxes and Customs (CBIC) has issued Corrigendum to Circular No. 76/50/2018- GST dated 7th Match, 2019 to clarify that for the purpose...

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CBDT notifies taxation of Foreign Companies which is treated as Resident basis PoEM rules

June 28, 2018 Fiscal, Industries, states 0

Central Board of Direct Taxes (CBDT) has issued a Notification No 29/2018 dated 22nd June,2018 to notify that in case where a foreign company is said...

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