Category Archives: Direct Tax

test

CBDT Further Extends Various Time Limits

Posted on March 2, 2021

CBDT has further extended various timelines w.r.t Assessment, Reassessment and Penalty under the Income Tax Act, 1961 and certain actions under the Benami Property Transaction Act, 1988 (vide Notification No.10/2021 dated 27.02.2021). PDF version is attached: Extension of Due Dates by … Continue reading →

Posted in Direct Tax |

CBDT launches E-Portal for Filing Complaints Regarding Tax Evasion etc

Posted on January 13, 2021

Central Board of Direct Taxes (‘CBDT’) has launched an automated dedicated e-portal on the e-filing website of the Department to receive and process complaints in respect of violations of the Income- tax Act, 1961, Black Money (Undisclosed Foreign Income and … Continue reading →

Posted in Direct Tax |

Extension of Due Dates

Posted on January 4, 2021

Income Tax & GST – Extension of Due Dates as per Press Release dated 30.12.2020. Income Tax Nature of Taxpayer Extended Due Date of ITR Extended Due Date of Audit Reports (Tax Audit Report, Transfer Pricing Report etc.)  Taxpayer (including … Continue reading →

Posted in Direct Tax, GST |

Key Highlights of Atmanirbhar Bharat Package 3.0

Posted on November 12, 2020

The Union Finance Minister addressing the nation on 12th November 2020, announced the Atmanirbhar Bharat Package 3.0. The size of the stimulus provided by the Govt, as part of the 12 announcements made under the said package amounts to INR … Continue reading →

Posted in Direct Tax |

Note on Faceless Appeal Scheme 2020

Posted on September 26, 2020

The CBDT has Notified the Faceless Appeal Scheme 2020 which has become effective from 25th September 2020. For more details, please refer the attached document:- Note on Faceless Appeal Scheme 2020 Disclaimer:- The information contained herein is in summary form based … Continue reading →

Posted in Direct Tax |