Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>CBDT Clarifies ITR Filing for AY 2019-20: Reporting Foreign Assets, Unlisted Shares, and TDS Credits Explained.</h1> The circular issued by the Central Board of Direct Taxes provides clarifications on filling Income Tax Return (ITR) forms for the Assessment Year 2019-20. It addresses various queries from stakeholders regarding reporting requirements for non-residents, directors in foreign companies, and holders of unlisted equity shares. It clarifies the necessity of reporting foreign assets, the handling of shares acquired through gifts or mergers, and the reporting of transactions involving land and buildings. Additionally, it outlines the requirements for companies regarding the disclosure of assets, liabilities, and foreign currency transactions, and provides guidance on claiming Tax Deducted at Source (TDS) credits.