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CBDT revised the monetary limit for filing of appeals by the Income Tax Department before ITAT, High Court and Supreme court for reducing litigation vide Circular no. 3/2018

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Notification No. 36/2019-Seeks to extend the date from which the facility of blocking and unblocking of e-way bill facility as per the provision of Rule 138E of CGST Rules, 2017 shall be brought into force to 21.11.2019

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In terms of section 194A(1), The time of deduction of tax u/s 194A(1) is undisputedly time at which interest is to be credited to account of payee or when it is paid in cash/cheque or draft therefore, deduction of tax at source on interest income before close of financial year concerned as provided under section 194A(4) would not obligate assessee bank from penalty for not deducting tax at source at time of credit of said income in payee’s account – HC Allahabad

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Finance Ministry interaction with tax professionals, other stakeholders and Infosys on issues in new Income Tax Portal

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