Category Archives: IT Circular

Income Tax Circulars

New Due Date to File ITR for AY 2016-2017

Central Board of Direct Taxes in exercise of powers conferred under section 119 of the Income Tax Act, 1961, wide their order no. 225/195/2016/ITA. II, extends the due date of filing of from 31st July 2016 to 5th Aug. 2016 for the assessee who are required to file return of income as per section 139(1) on… Read More »

Amplifications on the Income Declaration Scheme, 2016

Circular No. 27of 2016 F.No.142/8/2016 TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (TPL Division) Dated14th day of July, 2016 Income Declaration Scheme, 2016 – Amplifications The Income Declaration Scheme, 2016 (hereinafter referred to as ‘the Scheme’) came into effect on 1st June, 2016. To address doubts and… Read More »

Clarification regarding cancellation of registration u/s 12AA of the Income-tax Act, 1961 in certain circumstances

Circular No. 21/2016 F No. 197/17/2016-ITA-I Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, the 27th May, 2016 Subject- Clarification regarding cancellation of registration u/s 12AA of the Income-tax Act, 1961 in certain circumstances – regarding Sections 11 and 12 of the Income-tax Act, 1961 (‘Act’) exempt… Read More »

Verification of ITR From AY 2009-10 to 2014-15 through EVC pending due to non-filing of ITR-V

CIRCULAR NO 13/2016 GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF DIRECT TAXES New Delhi, 9th May, 2016 Subject:- Verification of tax-returns from Assessment Years 2009-2010 to 2014-2015 through EVC which are pending due to non-filing of ITR-V Form and processing of such returns-regd. Under the earlier system of e-filing, in… Read More »