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Tuesday, September 29, 2020

[ACCA_Profs] CBDT Issues Imp Guidelines On TDS/ TCS U/s 194-0 And 206C (1H) + Cos Amendment Act + CAG Report On Search And Seizure

 

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Dear Subscriber,

The following important updates are available at itatonline.org:

CBDT Issues Guidelines To Clarify TDS/ TCS Law U/s 194-0 And 206C (1H) Of The Income-tax Act, 1961

The CBDT has vide Circular No. 17 of 2020 dated 29th September, 2020 issued Guidelines under section 194-0 (4) and section 206C (1-1) of the Income-tax Act, 1961

Download The Companies (Amendment) Act, 2020

The Companies (Amendment) Act, 2020 received the assent of the President on the 28th September, 2020 and is now available for download

Summary Of Key Findings And Recommendations In The CAG's Performance Audit Report On Income Tax Search And Seizure Assessments (Report No.14 Of 2020)

The Comptroller and Auditor General of India (CAG) conducted a performance audit on search and seizure assessments of the Income Tax Department. The report has several interesting insights and makes valuable recommendations. CA Mohit Gupta has summarized the key points of the report in a succinct and clear manner

See Also: Digest of case laws (updated regularly) containing latest judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals


Regards,

 

Editor,

 

itatonline.org

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Latest:

Imp CBDT Clarification Reg Scrip Wise Reporting Of Capital Gains For AY 2020-21

The CBDT has issued a Press Release dated 26th September 2020 stating that there is no requirement of scrip wise reporting for day trading and short-term sale or purchase of listed shares

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