Monthly Updates and important dates for April 2021 compiled by IMCs Direct Taxation Committee.
Dear all,
Your association SIMA is pleased to inform you that the following important announcements have been compiled by IMC’s Direct Taxation Committee for your information.
Details of important circulars, notifications and press release issued during the month of March 2021:
CIRCULAR NO. 2 OF 2021, DATED 3-3-2021 : Considering the COVID-19 pandemic and the resultant overstay of an individual who had come to India on a visit before 22nd March 2020, CBDT has issued certain clarifications for the purpose of determining the residential status under section 6 of the Act during the previous year 2019-20 and 2020-21 in respect of an individual who came to India.
CIRCULAR NO. 3/2020 [F.NO. IT (A)/1/2020-TPL], DATED 4-3-2021: CBDT has introduced Section 10 of the Direct Tax Vivad se Vishwas Act, 2020 clarifying that where the Designated Authority has passed orders under sub-sections (1) and (2) of section 5 of Vivad Se Vishwas Act for full and final settlement of the tax arrear, the Assessing Officer shall pass consequential order under the Income Tax Act to give effect to Designated Authority’s order.
Important dates for the month of April 2021:
FOR MORE DETAILS, PLEASE CLICK HERE.
ThankingYou,
With regards,
For Silvassa Industries & Manufacturers Association
Narendra Trivedi
Secretary
