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14 July 2020CBDT Circular onetime relaxation for verification of tax returns for AYS 201516 to 201920 which are pending due to nonfiling of ITV Form The Income tax Return (IT) which is filed electronically
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How to fill out cbdt circular - one-time
How to fill out cbdt circular - one-time
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To fill out the cbdt circular - one-time, follow these steps:
02
Read the circular thoroughly to understand the requirements and guidelines.
03
Gather all the necessary information and documents that are needed to fill out the circular.
04
Begin by entering the relevant details in the designated fields of the circular form.
05
Make sure to provide accurate and complete information to avoid any discrepancies.
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If required, attach the supporting documents as mentioned in the circular.
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Sign and date the form as per the specified instructions.
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Submit the filled-out circular form along with the necessary documents to the appropriate authority or department.
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Keep a copy of the filled-out circular form and the supporting documents for your records.
Who needs cbdt circular - one-time?
01
The cbdt circular - one-time is required by individuals, companies, or organizations who fall under the jurisdiction of the Central Board of Direct Taxes (CBDT) and have been specifically instructed or notified to fill out this circular.
02
It is important to check the circular's applicability criteria to determine if you are required to fill it out. Generally, taxpayers, tax professionals, or entities involved in income tax-related matters may need to fill out the cbdt circular - one-time.
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What is cbdt circular - one-time?
The CBDT Circular - One-Time refers to a specific directive issued by the Central Board of Direct Taxes in India that allows for a one-time opportunity for taxpayers to disclose certain undisclosed income or assets without the risk of penalty or prosecution.
Who is required to file cbdt circular - one-time?
Any taxpayer who has undisclosed income or assets that they wish to declare can file the CBDT Circular - One-Time. This generally includes individuals, firms, and corporates.
How to fill out cbdt circular - one-time?
Taxpayers need to fill out the prescribed form provided by the CBDT, provide details of the undisclosed income or assets, and submit it along with a declaration to the income tax authorities.
What is the purpose of cbdt circular - one-time?
The purpose of the CBDT Circular - One-Time is to encourage taxpayers to come forward and disclose their undisclosed income or assets voluntarily, thereby increasing tax compliance and widening the tax base.
What information must be reported on cbdt circular - one-time?
Taxpayers must report details such as the nature and amount of undisclosed income or assets, the source of income, and any relevant documentation that supports the declaration.
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