Income Tax
1) CBDT has notified the rule 11UAE for computation of
Fair Market Value of Capital Assets in case of slump
sale (section 50B) made by the assessee. Two FMV shall be
calculated under this rule and higher of these shall be
considered for taxability.
2) CBDT has informed that taxpayers would not be able
submit Form 15CA & 15CB during the period from
01.06.2021 to 06.06.2021 due to launch of new e-filing
portal. In that case, taxpayers should submit urgent
filings and downloading till 31.05.2021.
3) CBDT has notified that the existing E-filing portal will
NOT be available to the taxpayers for the period from
01.06.2021 to 06.06.2021 due to migration into the new
system and launch of new e-filing portal.