For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    CBDT Sets Deadline To Dispose Demonetisation Cases

    |

    In its interim action plan for the April-June 2019 quarter, the Central Board of Direct Taxes (CBDT) has set 30 June 2019 as the deadline to dispose of all the cases related to demonetisation "where assessment is required to be framed," according to a report by the Hindu Business Line.

    CBDT Sets Deadline To Dispose Demonetisation Cases
     

    Earlier, the tax authorities had identified 87,000 cases where the assessees had not filed responses to income tax notices issued post the note ban issued on 8 November 2018. Over 3 lakh notices and emails were sent to those who had made high cash deposits following the demonetisation announcement but not filed income tax returns.

    The deadline of 30 June is also set for issuing notices to those who fail to file statement of financial transactions (SFT) of high-value transactions under Section 285BA of Income-tax Act by 15 May 2019 and for filing of references before the national company law tribunal (NCLT) for firms that have been struck off under the Companies Act.

    The auction sale of 20 percent of properties attached up to 31 March by every Tax Recovery Official (TRO) is also mandated by the CBDT to be completed by 30 June.

    Read more about: cbdt demonetisation
    Story first published: Monday, April 15, 2019, 15:07 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more