CBDT has released the new Income-tax return (ITR) Forms for Assessment Year 2018-19 - GST In India

Thursday, 12 April 2018

CBDT has released the new Income-tax return (ITR) Forms for Assessment Year 2018-19

CBDT has released the new Income-tax return (ITR) Forms for Assessment Year 2018-19. It incorporates the changes made by the Finance Act, 2017 in the Income-tax Act and asks taxpayers to provide figures of Ind AS complaint financial statements, GSTR no., GST turnover, etc.


CBDT releases interim action plan for first quarter of FY 2018-19; Sets May 31st deadline for issue of Sec. 142(1)/148 notices in all cases in respect of cash deposits data pushed under ‘Operation Clean Money’.

CBDT Sets June 30th deadline for disposal of assessments in at least 25 cases (20 in International Taxation cases) per AO  of limited scrutiny, set-aside assessment, reopened assessment u/s 147 and OCM scrutiny.

CBDT sets June 30th deadline for collection of 100% demand as on April 1, 2018 in cases where TDS has been made but not deposited in the Govt. account.

CBDT further instructs processing of TDS/TCS defaults for prosecution in atleast 10 cases already identified in earlier two financial years and updating their status by June 30.
CBDT TPOs & each DRP to pass a minimum number of orders through the Income tax Business Application Module (ITBA).

CBDT Sec. 201(1)/(1A) orders to be passed in all cases where TDS surveys have been conducted till 31st March, 2018.


Further CBDT sets KRAs in respect of audit objections, investigation units & LTUs.