CIRCULAR NO. 12/2020, DATED: 20-05-2020

In furtherance to the declared policy objective of the Government to encourage digital transactions and move towards a less-cash economy, a new provision namely Section...

CIRCULAR NO. 11/2020, DATED: 08-05-2020

Section 6 of the Income-tax Act, 1961 (the Act) contains provisions relating to determination of residency of a person. The status of an individual, as to whether he is...

CORRIGENDA TO CIRCULAR NO.9 OF 2020, DATED: 27-04-2020

In the Circular No. 9/2020 of the Government of India, Ministry of Finance, Department of Revenue (Central Board of Direct taxes), issued on the 22nd April, 2020, (i) in...

CIRCULAR NO. 10/2020, DATED: 24-04-2020

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...

CIRCULAR NO. 09/2020, DATED: 22-04-2020

1. 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....

CIRCULAR NO. 08/2020, DATED: 13-04-2020

The Finance (No.2) Bill, 2019 was tabled in Lok Sabha on 5th July, 2019 which was passed by both the houses of Parliament and became Finance (No.2) Act, 2019 (the Act)...

CIRCULAR NO. C1/2020, DATED: 13-04-2020

Section 115BAC of the Income-tax Act, 1961 (the Act), inserted by the Finance Act, 2020 wef the assessment year 2021-22, inter alia, provides that a person, being an...

CORRIGENDUM CIRCULAR 04/2020, DATED: 05-03-2020

CORRIGENDUM TO CIRCULAR NO.4 OF 2020 DATED 16.01.2020 In Circular No.04/2020 dated 16th January, 2020 on the above mentioned subject, it is to state that Para 3.1 under...

CIRCULAR NO. 07/2020, DATED: 04-03-2020

During the Union Budget, 2020 presentation, the ‘Vivad se Vishwas’ Scheme was announced to provide for dispute resolution in respect of pending income tax...

CIRCULAR NO. 06/2020, DATED: 19-02-2020

Representations have been received seeking condonation of delay in filing Return of Income by the Charitable Institutions for the Assessment Year 2016-17 onwards on the...

CIRCULAR NO. 04/2020, DATED: 16-01-2020

Reference is invited to Circular No. 1/2019 dated 01.01.2019 whereby the rates of deduction of income-tax from the payment of income under the head "Salaries" under Section...

CIRCULAR NO. 01/2020, DATED: 03-01-2020

Reference is invited to the Circular No. 25/2019 F. No. 285/08/2014-IT(Inv. V)/350 dated 09.09.2019, whereby, the condition for filing of applications for compounding of...

CIRCULAR NO. 32/2019, DATED: 30-12-2019

In furtherance to the declared policy objective of the Government to encourage digital economy and move towards a less-cash economy, a new provision namely Section 269SU...

CIRCULAR NO. 31/2019, DATED: 19-12-2019

Considering the fact that the utility for payment of tax deducted at source under section 194M of the Income-tax Act, 1961 (the Act) was deployed on 17.12.2019, the Central...

CIRCULAR NO. 29/2019, DATED: 02-10-2019

The Taxation Laws (Amendment) Ordinance. 2019 (the Ordinance) has been promulgated by the President of India on September 20, 2019. The Ordinance, inter alia, inserted a...

CIRCULAR NO. 28/2019, DATED: 27-09-2019

In supersession of this office Circular No. 10 dated 22.05.2019 on the above mentioned subject, the date mentioned in sub para (ii) of para 4 may be read as 31.03.2020...

CIRCULAR NO. 26/2019, DATED: 26-09-2019

The Income-tax Return (ITR) forms for the Assessment Year (A.Y.) 2019-20 were notified vide notification bearing G.S.R. 279(E) dated the 01st day of April, 2019....

CIRCULAR NO. 27/2019, DATED: 26-09-2019

The Central Board of Direct Taxes ('Board'), in exercise of its powers under section 119 of the Income-tax Act,1961 ('Act') and in accordance with provision of section...

OFFICE MEMORANDUM, DATED: 16-09-2019

The undersigned is directed to refer to Circular No. 23 of 2019 dated 6th September, 2019 and to say that by virtue of powers of the Central Board of Direct Taxes u/s 268A...

CIRCULAR NO. 24/2019, DATED: 09-09-2019

The Central Board of Direct Taxes has been issuing guidelines from time to time for streamlining the procedure of identifying and examining the cases for initiating...