CBDT Corner

CBDT: Revises compounding guidelines; Advises strict approach for Black money, Benami law contraventions

CBDT issues Guidelines for Compounding of Offences under Direct Tax Laws, 2019, in supersession of its earlier guidelines dated December

Jun 14,2019

CBDT: Enables Govt. deductor's registration as 'External agency user' for e-TDS/TCS statements submission

CBDT issues notification relating to procedure for online submission of e-TDS/TCS statements u/s.200(3)/206C(3) through e-filing portal; The notification provides that

Jun 06,2019

CBDT: Extends due-date for filing TDS Return Form 24Q & Form 16 to mitigate taxpayers' hardships

CBDT extends the due date for filing of Form 24Q [i.e. quarterly TDS statement in respect of salaries] for FY

Jun 03,2019

CBDT : Extends TDS related due dates for deductors in Odisha

CBDT extends TDS related due dates for deductors in state of Odisha in order to redress genuine hardship faced due

May 24,2019

CBDT : Amends Form 15H allowing deductor to consider Sec. 87A benefit

CBDT amends Form 15H to provide that the form shall be accepted in case of assessee whose tax liability is

May 23,2019

CBDT : Condones audit report filing delay for trusts for AY 2016-17 & 2017-18, subject to conditions

CBDT condones delay in filing of audit report in Form 10B in case of trusts/ associations for AY 2016-17 and

May 22,2019

Proposes new audit report form for Trust/Institution requiring extensive details, seeks comments

CBDT proposes amendment to Rule 17B which prescribes form for audit report of trust/institution in terms of Sec. 12A(1)(b), requests

May 21,2019

CBDT includes SEBI approved AMC as 'eligible fund manager' for Sec. 9A(4)

CBDT clarifies that asset management companies (AMC) approved under SEBI Regulations would be considered as 'eligible fund manager' u/s 9A(4)(b);

May 17,2019

Further postpones GAAR & GST reporting under amended Tax Audit Form till March 31,2020

CBDT further defers GAAR & GST reporting under amended Tax Audit Form by a year, till March 31, 2020.

May 14,2019

CBDT dedicates May 16th-31st for clearing pendency of appeal effect & rectification claims

Like last year, CBDT dedicates second fortnight of May 2019 to expeditious disposal of taxpayers' claims for appeal effect and

May 13,2019