Taxcharcha
Income TaxLatest

No coercive action against the Start up companies

notification no. 63/2019

The Central Board of Direct Taxes (CBDT) has directed all the Principal Chief Commissioners of Income Tax, not to take coercive measures to recover the outstanding demand if additions have been made by the Assessing Officer under Section 56(2)(viib) of the Income tax act, 1961 after modifying / rejecting the valuation so furnished under Rule 11UA(2) of the Income tax rules, 1962.

 

Related posts

Circular No 108/2019-Central Tax – Clarification regarding procedures to be followed in respect of goods sent / taken out of India for exhibition purpose or on consignment basis for export promotion

Team Taxcharcha

Income-Tax Deduction from Salaries during the Financial Year 2018-19 under Section 192 of the Income-tax Act, 1961-regarding. – CBDT

Team Taxcharcha

Circular 6/2024 – Income Tax || Extension of date for PAN become operative in case of non deduction of TDS at higher rates

CA Saurabh Khullar