Category : Income Tax
Consolidated circular for assessment of Startups – Clarification by CBDT
On 30th August 2019, the Central Board of Direct Taxes (CBDT) has issued the consolidated circular for start ups in which various issues for start...
Clarification on TDS on cash withdrawals applicable from 1st September 2019 onwards
Central Board of Direct Taxes (CBDT) has released a clarification on 30th August 2019 in which the clarifications have been made regarding the applicability and...
CBDT clarifies eligibility of small start ups to avail tax holiday
The Central Board of Direct Taxes (CBDT) has issued the clarification on the eligibility of small start ups to become eligible to avail the tax...
Clarification in respect of filling-up of the ITR forms for the Assessment Year 2019-20 -CBDT
Question.1: I am a non-resident. The Taxpayer Identification Number (TIN) is not allotted in my jurisdiction of residence. How do I report the same in...
The Banning of Unregulated Deposit Schemes Act, 2019
The President of India has given the assent to the Banning of Unregulated Deposit Schemes Act 2019. To download the act, click here The Banning...
Extension of due date of Income tax return filing of non auditable cases from 31-07-2019 to 31-08-2019
The Central Board of Direct Taxes (CBDT) has extended the due date in case of Non auditable cases from 31-07-2019 to 31-08-2019. Attached the Order...
Clause wise analysis of Income tax amendments in Union Budget 2019
Taxcharcha LLP has compiled the clause by clause analysis of Income tax amendments proposed in Union Budget 2019. To download the publication, click here Anaysis...
New and amended TDS provisions proposed in Union Budget 2019
Insertion of Section 194M – TDS on payment by individual / HUF for contractual / professional services A new section 194M has been inserted effective...
Memorandum relating to Finance (No.2) Bill, 2019
To download the Memorandum relating to Finance (No.2) Bill, 2019, click here Memorandum to Finance (No.2) bill, 2019...
The Finance (No.2) Bill, 2019
To download the Finance (No.2) bill 2019, click here Finance...
Key takeaways from Union Budget 2019
1.The Corporate tax of 25% has been extended to the Companies having turnover of upto Rs. 400 crores. This would cover 99.3% of the Companies...
Compliance calendar for the month of July 2019
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/07/Compliance-Calender-July-2019-without-watermark-1.odt” comments=”true” SVG=”true”] To download the Compliance calendar, click here Compliance-Calender-July 2019...
CBDT modifies Form 15H
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/05/notification41_2019.odt” comments=”true” SVG=”true”]...
ICAI releases FAQs on The Banning of Unregulated Deposit Schemes Ordinance, 2019
The Institute of Chartered Accountants of India (ICAI) has released the Frequently Asked Questions on the Banning of Unregulated Deposit Schemes Ordinance, 2019 on 14-05-2019....
CBDT further defers furnishing of GST and GAAR details in Form 3CD till 31-03-2020
Source – Income Tax India...
Where the High Court has framed substantial question of law in respect of the additions confirmed by the ITAT, penalty u/s 271(1)(c ) of the Income Tax Act cannot be levied as the same are on debatable and disputable issues on which difference of opinion can legitimately exist – ITAT Dellhi
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/04/Bombay-HIgh-Court.odt” comments=”true” SVG=”true”] To Download, GE Packaged Power Inc. Vs. DCIT (International Taxation)...
ITR -1 and ITR -4 is now available for e – filing and its analysis
[docxpresso file=”https://taxcharcha.com/wp-content/uploads/2019/04/ITR-Analysis.odt” comments=”true” SVG=”true”]...
ITR forms for AY 2019-20 notified by CBDT
The Central Board of Direct Taxes (CBDT) has notified the ITR forms for AY 2019-20. To download the ITR forms notified by the CBDT click...
ICAI has issued Exposure Draft for Accounting Standard (AS) – 17 Leases
The Accounting Standard Board of ICAI has finalised AS 17, Leases, taking Ind AS 17, Leases, notified by MCA as the base. The ASB decided...