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CBDT transfers pending cases under Black Money Act to Central Charges; issues guidelines for smooth transfer

Notification F. No.225/24/2021fITA-II, dated 23-02-2021 

The Central Board of Direct Taxes (CBDT) has decided to transfer all cases under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 pending with Income-tax authorities to respective Central Charges. However, those cases wherein ADIT(Inv.)/DDIT(lnv.) is exercising the jurisdiction under BM Act shall not be transferred. 

The board has also issued guidelines to operationalize smooth transfer of BMA cases to the respective Central Charges. 

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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CA Vikas Jain

CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

Read More

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