Income Tax Updates

Following are some important updates from the Income Tax Department relevant for professionals and Taxpayers

Income Tax Department notifies Cost Inflation Index (CII) for FY 2019-20 as 289. This is relevant for taxpayers having income from Capital Gains.

CII Notification

Income Tax Department issues guidelines for Manual selection of Returns for Scrutiny

Manual Scrutiny Guidelines

About the Author K S Sridhar and Associates

Practicing Chartered Accountant