Notifications (July 2021)

THE DEADLINE TO SUBMIT FORM 15CA/15CB IN MANUAL FORMAT HAS BEEN EXTENDED BY THE CBDT TILL THIS DATE

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing forms 15CA and 15CB electronically. It has now been agreed to extend the deadline to August 15 from the previous deadline of July 15, according to the statement. The Income Tax Act of 1961 mandates that Forms 15CA and 15CB be submitted electronically. Currently, taxpayers must upload Form 15CA to the e-filing system, along with the Chartered Accountant Certificate in Form 15CB, if applicable, before submitting the copy to the authorized dealer for any foreign remittance.

Due to problems that taxpayers have reported with electronic filing of Income Tax Forms 15CA/15CB on the website www.incometax.gov.in. The CBDT had previously decided that taxpayers might submit the forms to the authorized dealer in manual format till July 15. The above-mentioned deadline has now been extended to August 15. According to the CBDT, the new e-filing platform will allow users to upload these forms at a later date for the purpose of generating the Document Identification Number.

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UNDER THE BENAMI ACT, THE GOVERNMENT ASSIGNS JURISDICTION TO COMPETENT AUTHORITIES AS ADJUDICATING AUTHORITIES

Under the Benami Act of 1988, the Finance Ministry has designated Competent Authorities as Adjudicating Authorities. The government, empowered under section 7 of the Prohibition of Benami Property Transactions Act 1988, as amended by the Finance Act, 2021, assigned the areas of jurisdiction to the Competent Authorities authorized under sub-section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976, for the purposes of the said Act.

1. All cases referred by Income Tax Authorities exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 with headquarters in Kolkata, Bhubaneshwar, Patna, and Guwahati are referred to the Competent Authority. 

2. In all cases referred by Income Tax Authorities exercising powers and performing functions under the Prohibition of Benami Property Transactions Act, 1988, with headquarters in Bengaluru, Chennai, Kochi, Hyderabad, and Panaji.

3. All cases referred by Income Tax Authorities exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 with headquarters in Delhi, Bhopal, Raipur, Chandigarh, Ludhiana, Jaipur, Lucknow, and Kanpur are referred to the Competent Authority.

4. All cases referred by Income Tax Authorities exercising the powers and performing the functions under the Prohibition of Benami Property Transactions Act, 1988 with headquarters in Mumbai, Ahmedabad, Surat, Pune, and Nagpur are referred to the Competent Authority.

The Government said, the work done by the Competent Authorities authorized under sub-section (1) of section 5 of the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 (13 of 1976) in the exercise of powers conferred under section 7 of the Prohibition of Benami Property Transactions Act 1988 will be in addition to the work already done by the Competent Authorities.

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