CBDT simplifies assessment process for recognized start-ups

Press Release, dated 10-08-2019 The Finance Ministry has simplified the process of assessment in the case of Start-up entities. It has been decided by the Central Board of Direct Taxes (CBDT) that:a) In case of Start-up entities recognized by DPIIT which have filed Form No. 2, the contention of the assessee will be summarily accepted if cases […]

income tax return



Clarification in respect of filling-up of the ITR forms for the Assessment Year 2019-20 Circular No. 18 Date 8th August 2019

  The Income-tax return (ITR) forms for the Assessment Year (AY) 2019-20 were notified vide notification bearing G.S.R. 279(E). dated the 1st day April, 2019. Subsequently, the instructions for filing ITR forms were issued and the software utility for e-filing of all the ITR forms were also released. After notification of the ITR forms various queries have[…]