New Delhi, March 12 (IANS) Government data has revealed that Direct Tax collections up to March 10, 2023, stood at Rs 16.68 lakh crore which is 22.58 per cent higher than the gross collections for the corresponding period of last year.
New Delhi, Feb 15 (IANS) The Central Board of Direct Taxes (CBDT) has notified income-tax return forms (ITR forms) for the assessment year 2023-24, which will come into effect from April 1, 2023. The department said in a statement that the
New Delhi, February 9, 2022: GAIL (India) Limited and the Central Board of Direct Taxes (CBDT) today entered into a landmark advance pricing agreement (APA) for determining the transfer pricing margin payable on its long-term LNG sourcing contract from USA
New Delhi, Dec 12 (IANS) The Central Board of Direct Taxes (CBDT) in a circular related to TDS deduction from salaries has said that any person responsible for paying salary must deduct income tax while paying the amount. The circular said
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
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
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
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
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
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
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
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
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.
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
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
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
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
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
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
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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