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CBDT condones delay in filing of Form 10A

CBDT condones delay in filing of Form 10A

🕔07:12, 2.Nov 2022

New Delhi, Nov 2 (IANS) The Central Board of Direct Taxes (CBDT) has condoned the delay in filing of Form 10A, up to November 25, in respect of certain provisions of Sections 12A/10(23C)/80G/35 of the Income Tax Act, 1961. As per

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CBDT proposes common ITR form

CBDT proposes common ITR form

🕔07:11, 2.Nov 2022

New Delhi, Nov 2 (IANS) To simplify the process of filing income tax returns (ITR), the Central Board of Direct Taxes (CBDT) on Tuesday issued a draft proposal to introduce a common ITR form for all taxpayers. It has suggested merging

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Government’s receipts totalled Rs 12,03,748 crore till September

Government’s receipts totalled Rs 12,03,748 crore till September

🕔08:28, 1.Nov 2022

New Delhi, Nov 01 (IANS) The government received Rs 12,03,748 crore till September 2022, consisting of Rs 10,11,961 crore tax revenue (net to centre), Rs 1,57,600 crore of non-tax revenue and Rs 34,187 crore of non-debt capital receipts. According to official

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CBDT extends due date for filing of Form 26Q

CBDT extends due date for filing of Form 26Q

🕔18:18, 27.Oct 2022

New Delhi, Oct 27 (IANS) The Central Board of Direct Taxes (CBDT) has extended the last date for filing of Form 26Q for the second quarter of 2022-23 to November 30. The original due date was October 31. The deadline has

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CBDT extends deadline for filing returns till Nov 7

CBDT extends deadline for filing returns till Nov 7

🕔19:34, 26.Oct 2022

New Delhi, Oct 26 (IANS) The Central Board of Direct Taxes (CBDT) on Wednesday extended the due date for furnishing income tax returns for assessment year 2022-23 to November 7 for certain categories of assessees. The earlier due date was October

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Aiming decriminalisation of offences, CBDT issues revised guidelines for compounding

Aiming decriminalisation of offences, CBDT issues revised guidelines for compounding

🕔21:18, 17.Sep 2022

Aiming decriminalisation of offences, the Central Board of Direct Taxes (CBDT) on Saturday issued revised guidelines for compounding of offences under the Income Tax Act, 1961 with reference to various offences covered under its prosecution provisions. New Delhi, Sep 17

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CBDT issues refunds of over Rs 1.14 lakh crore

CBDT issues refunds of over Rs 1.14 lakh crore

🕔12:34, 3.Sep 2022

New Delhi, Sep 3 (IANS) The Central Board of Direct Taxes (CBDT) said on Saturday that it has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers between April 1 to August 31. It also said

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Nitin Gupta appointed as CBDT chairman

Nitin Gupta appointed as CBDT chairman

🕔20:09, 27.Jun 2022

The government has appointed Nitin Gupta as the chairman of Central Board of Direct Taxes (CBDT). New Delhi, June 27 (IANS) The government has appointed Nitin Gupta as the chairman of Central Board of Direct Taxes (CBDT). “The Appointments Committee of

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Net direct tax collection reaches highest-ever figure in FY 22

Net direct tax collection reaches highest-ever figure in FY 22

🕔21:44, 26.Apr 2022

The net direct tax collections (income tax and corporate tax) reached an all time high of Rs 14.09 lakh crore in financial year 2021-22 against Rs 9.45 lakh crore collections in FY 2020-21, CBDT Chairman J.B. Mohapatra said on Tuesday.

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Govt focus on expeditious framework for Black Money Act

Govt focus on expeditious framework for Black Money Act

🕔16:28, 7.Mar 2022

New Delhi, March 7 (IANS) Considering the objective of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BM Act), the assessment is to be completed at the earliest possible without keeping the same pending till

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Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

🕔12:11, 14.Sep 2021

New Delhi, Sept. Sep 14  The government has decided to exempt investors picking up state’s equity shares under strategic disinvestment programme from the provisions of gift tax. A notification issued by the Central Board of Direct Taxes (CBDT) has amended

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CBDT issues tax refunds worth Rs 70K cr so far in FY22

CBDT issues tax refunds worth Rs 70K cr so far in FY22

🕔21:09, 12.Sep 2021

New Delhi, Sep 12  The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 70,120 crore to more than 26 lakh taxpayers so far in the current financial year. In a tweet on Sunday, the Income Tax

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CBDT allows taxpayers another opportunity to file application for tax settlement

CBDT allows taxpayers another opportunity to file application for tax settlement

🕔21:32, 7.Sep 2021

New Delhi, Sep 7 In order to provide relief to the taxpayers, the Central Board of Direct Taxes (CBDT) has permitted filing of tax settlement applications for period upto January 31, by September 30. It has been decided that such application

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CBDT amends Income-tax Rules, 1962 to ease authentication of electronic records submitted in faceless assessment proceedings

CBDT amends Income-tax Rules, 1962 to ease authentication of electronic records submitted in faceless assessment proceedings

🕔18:35, 7.Sep 2021

For easing the process of authentication of electronic records in faceless assessment proceedings, the Government has amended Income-tax Rules, 1962 (‘the Rules’) vide notification no G.S.R. 616(E) dated 6th September, 2021. The amended Rules provides that electronic records submitted through registered

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EPF contribution of over Rs 2.5 lakh now requires 2 PF accounts

EPF contribution of over Rs 2.5 lakh now requires 2 PF accounts

🕔17:40, 5.Sep 2021

New Delhi, Sep 5 People with Employees’ Provident Fund and Voluntary Provident Fund (VPF) contribution of over Rs 2.5 lakh per financial year will now have two separate PF accounts. Finance Minister Nirmala Sitharaman had announced, in this year’s budget, that

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J.B. Mohapatra appointed new CBDT Chairman

J.B. Mohapatra appointed new CBDT Chairman

🕔05:26, 2.Sep 2021

New Delhi, Sep 2 The Centre has appointed Indian Revenue Service officer Jagannath Bidyadhar Mohapatra as the new Chairman of Central Board of Direct Taxes. In May, Mohapatra, a 1985 batch officer, was given the additional charge as CBDT Chairman after

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CBDT extends due dates for e-filing of various Income Tax forms

CBDT extends due dates for e-filing of various Income Tax forms

🕔21:11, 29.Aug 2021

New Delhi, Aug 29  In a relief for taxpayers, the Central Board of Direct Taxes (CBDT) has extended the due dates for filing of various electronic forms under the Income Tax Act, 1961. In a statement, the Finance Ministry said

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CBDT extends deadline for payment under ‘Vivad Se Vishwas’ scheme

CBDT extends deadline for payment under ‘Vivad Se Vishwas’ scheme

🕔21:00, 29.Aug 2021

New Delhi, Aug 29  The Central Board of Direct Taxes (CBDT) has further extended the deadline for the payment of amounts under the direct tax dispute resolution scheme — ‘Vivad Se Vishwas’ — without any additional charge till September 30.

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CBDT extends due dates for electronic filing of various forms

CBDT extends due dates for electronic filing of various forms

🕔07:08, 4.Aug 2021

New Delhi, Aug 4  The Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of tax forms in view of difficulties reported by the taxpayers and other stakeholders. The Income Tax Department

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161st Income Tax Day: A journey towards Nation Building

161st Income Tax Day: A journey towards Nation Building

🕔12:20, 24.Jul 2021

The 161st anniversary of Income Tax Day was observed by Central Board of Direct Taxes (CBDT) and all its field offices across India here today. As part of the observance, the field formations held a range of activities. Reflecting the

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