‘itat e-dwar’, an e-filing portal of Income Tax Appellate Tribunal launched today

Law Minister Shri Ravi Shankar Prasad launches ‘itat e-dwar’, an e-filing portal of Income Tax Appellate Tribunal Portal will enable online filing of Appeals, Applications, documents etc. by various parties Cases of  Income Tax Appellate Tribunal should be integrated in National Judicial Data Grid: Shri Ravi Shankar Prasad Posted Date:- Jun 25, 2021 Shri RaviContinue reading “‘itat e-dwar’, an e-filing portal of Income Tax Appellate Tribunal launched today”

Clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961 (Press release dated 22 June 2021)

Finance Act, 2021 inserted two new sections 206AB and 206CCA in the Income-tax Act 1961 which takes effect from 1st day of July, 2021. These sections mandate tax deduction or tax collection at higher rate in case of certain non-filers (specified persons). Higher rate is twice the prescribed rate or 5%, whichever is higher. To implementContinue reading “Clarification for use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961 (Press release dated 22 June 2021)”

CBDT Order u/s 138(1)(a)(i) of Income-tax Act, 1961 ,for furnishing information of “Specified Persons” as per section 206AB & 206CCA to “Tax Deductor/Tax Collector” through the functionality “Compliance Check for Section 206AB & 206CCA

Finance Ministry interact today (22 June 2021) with tax professionals, other stakeholders and Infosys on issues in new Income Tax Portal

MOF issued Press release today (22 June 2021) interacting with tax professionals, other stakeholders and Infosys on issues in new Income Tax Portal. A meeting was held between senior officials of the Finance Ministry and Infosys on 22.06.2021 on issues in the new Income Tax Portal. The meeting was presided over by Union Minister forContinue reading “Finance Ministry interact today (22 June 2021) with tax professionals, other stakeholders and Infosys on issues in new Income Tax Portal”

New functionality issued for compliance checks for sec 206AB & 206CCA to ease compliance burden of tax deductors/collectors vide CBDT Circular No. 11/2021

CBDT issued Circular No. 11 of 2021 dated 21.06.2021 on implementation of section 206AB & 206CCA with respect to higher tax deduction/collection for certain non-filers. New functionality issued for compliance checks for sec 206AB & 206CCA to ease compliance burden of tax deductors/collectors. Refer copy of Circular:

Finance Ministry to hold meeting on 22nd June, 2021 with Infosys on issues in new Income Tax Portal

Ministry of Finance issued Press release on 15th June says that Finance Ministry to hold meeting on 22nd June, 2021 with Infosys on issues in new Income Tax Portal Senior officials of the Ministry of Finance, Government of India, will hold an interactive meeting on the 22nd of June, 2021, between 11:00 AM to 01:00 PMContinue reading “Finance Ministry to hold meeting on 22nd June, 2021 with Infosys on issues in new Income Tax Portal”