1) The Central Board of Direct Taxes (CBDT) has issued the guidelines for TDS on Payment by e-commerce operator, under section 194-O with effect from October 1, 2020. 2) The guidelines issued by the Boards deal with the applicability of transactions carried through various exchanges; applicability …
1. The Central Board of Direct Taxes (CBDT) notified the setting up of the National Faceless Appeal Centre (NFAC) and Regional Faceless Appeal Centres (RFAC) under Faceless Appellate Scheme, 2020. 2. The NFAC and of the RFAC which shall exercise the powers and perform functions in …
a) In an effort to provide greater ease of doing business, the Ministry of Corporate Affairs has extended the duration of several schemes till the end of the year 2020 in the wake of continued disruption caused by the coronavirus pandemic in certain parts of the …
Judgement: The Bombay High court while quashing the notices issued under Section 148 of the Income Tax Act to State Bank of India (SBI) held that no notice of reassessment can be issued after 4 years of assessment, if the assessee has fully and truly disclosed …
1. The income-tax appeals are all set to go faceless from September 25, 2020, months after income tax faceless assessment was unveiled by Prime Minister Narendra Modi. 2. The system was started by the government as Prime Minister Modi had said that income tax filing and …
