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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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CBDT grants further relaxation in e-filing of I Tax Forms

CBDT grants further relaxation in e-filing of I Tax Forms

🕔20:11, 20.Jul 2021

New Delhi, July 20  The Central Board of Direct Taxes (CBDT) has granted further relaxation in the electronic filing of forms 15CA and 15CB, a Finance Ministry statement said on Tuesday. It has now been decided to extend the aforesaid

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Deadline for filing of foreign remittance tax forms extended

Deadline for filing of foreign remittance tax forms extended

🕔07:16, 6.Jul 2021

New Delhi, July 6  The Central Board of Direct Taxes (CBDT) has again extended the deadline for filing of income tax forms 15CA and 15CB, which are filed in terms of foreign remittances. The last date of filing the forms

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Payments made in advance may not absolve you from TDS/TCS provisions

Payments made in advance may not absolve you from TDS/TCS provisions

🕔08:10, 2.Jul 2021

New Delhi, July 2  Buyers will have to deduct tax at source at 0.1 per cent of the amount paid for goods for all purchases made during the year post June 30, 2021 if the value of purchases or advance

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Taxmen to honour honest taxpayers for valuable contribution in GST success

Taxmen to honour honest taxpayers for valuable contribution in GST success

🕔08:15, 1.Jul 2021

New Delhi, July 01  The Central Board of Indirect Taxes and Customs (CBIC) will honour taxpayers who have been a part of the GST success story on the eve of completion of four years of indirect tax reforms. The board

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CBDT to prepare list of non-filers once at beginning of assessment year

CBDT to prepare list of non-filers once at beginning of assessment year

🕔07:43, 1.Jul 2021

New Delhi, July 01  In a big relief to the taxpayers, the Central Board of Direct Taxes (CBDT) has decided not to frequently assess the tax filing status of individuals and companies, and complete the process of preparing the list

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CBDT comes up with new functionality for compliance check of non-filers

CBDT comes up with new functionality for compliance check of non-filers

🕔07:40, 23.Jun 2021

New Delhi, June 23  As part of the efforts to ease the compliance burden of taxpayers, the Central Board of Direct Taxes (CBDT) has issued a new functionality that would disclose if a person is liable to pay taxes at

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CBDT gets three new members

CBDT gets three new members

🕔07:24, 28.May 2021

New Delhi, May 28  The Appointments Committee of the Cabinet (ACC) has approved the appointment of three members of the Central Board of Direct Taxes (CBDT). In a circular issued on Thursday by the Department of Personnel and Training, Anu

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Govt further extends tax compliance timelines; individuals can file returns by Sept 30

Govt further extends tax compliance timelines; individuals can file returns by Sept 30

🕔20:30, 20.May 2021

New Delhi, May 20  In view of the hardship being faced by taxpayers on account of the severe Covid-19 pandemic and on consideration of representations received from various stakeholders, the government has decided to provide further relief to taxpayers by

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Govt further extends tax compliance timelines amid pandemic

Govt further extends tax compliance timelines amid pandemic

🕔17:13, 1.May 2021

New Delhi, May 1  In view of the severe Covid-19 pandemic and requests put forward by taxpayers, tax consultants and other stakeholders, the government has decided to provide further relief to taxpayers by extending various time limits of compliances. Accordingly,

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Higher TDS if PAN not linked with Aadhaar by today

Higher TDS if PAN not linked with Aadhaar by today

🕔15:04, 31.Mar 2021

ew Delhi, March 31  As per the directives of the Central Board of Direct Taxes (CBDT), it is mandatory for all Permanent Account Number (PAN) card holders to link their Aadhaar with PAN on or before March 31. ‘If your

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Lockdown tax relief for NRIs, foreigners overstaying in FY21

Lockdown tax relief for NRIs, foreigners overstaying in FY21

🕔12:03, 4.Mar 2021

New Delhi, March 4  The Central Board of Direct Taxes will provide relief to NRIs, foreign visitors facing double taxation for overstaying in India due to lockdown and suspension of international flights during current financial year (FY21). Government had earlier

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CBDT refunds over Rs 1.93 lakh cr to 1.90 cr taxpayers since April

CBDT refunds over Rs 1.93 lakh cr to 1.90 cr taxpayers since April

🕔22:13, 17.Feb 2021

New Delhi, Feb 17 (IANS) The Central Board of Direct Taxes (CBDT) has so far issued over Rs 1,93,455 crore in refunds to over 1.90 crore taxpayers from April 1 till February 15, the Income Tax department said on Wednesday. As

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Direct tax refunds of nearly Rs 1.37 lakh cr issued in FY21

Direct tax refunds of nearly Rs 1.37 lakh cr issued in FY21

🕔06:51, 26.Nov 2020

New Delhi, Nov 26  The Central Board of Direct Taxes (CBDT) has issued refunds of nearly Rs 1.37 lakh crore to over 41.25 lakh taxpayers so far in the financial year 2020-21. The total refund amount includes Rs 36,028 crore

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Direct tax refunds of over Rs 1.36 lakh cr issued in FY21

Direct tax refunds of over Rs 1.36 lakh cr issued in FY21

🕔07:04, 19.Nov 2020

New Delhi, Nov 19  The Central Board of Direct Taxes (CBDT) on Wednesday said that it has issued direct tax refunds refunds of over Rs 1.36 lakh crore to over 40 lakh taxpayers so far in FY21. The total refunded

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CBDT clarifies on 1% TDS on e-commerce transactions

CBDT clarifies on 1% TDS on e-commerce transactions

🕔08:18, 30.Sep 2020

New Delhi, Sep 30  Providing clarification on the 1 per cent tax deducted at source (TDS) on e-commerce transactions, the CBDT on Tuesday said that that the payment gateway will not be required to deduct the tax under section 194-0

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TCS/TDS from Oct 1: Compliance going to be a big challenge

TCS/TDS from Oct 1: Compliance going to be a big challenge

🕔08:00, 30.Sep 2020

New Delhi, Sep 30  The Central Board of Direct taxes (CBDT) has issued a circular (No. 17) clarifying the tax deduction at source (TDS) and tax collection at source (TCS) provisions, which will come into force from October 1. Tax

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CBDT launches faceless income tax appeals

CBDT launches faceless income tax appeals

🕔18:26, 25.Sep 2020

New Delhi, Sep 25 The Central Board of Direct Taxes (CBDT) on Friday launched the Centre’s much-publicised reform measure of faceless income tax appeals. Under faceless appeals, all income tax appeals will be finalised online under the faceless ecosystem with the

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Banks get ‘ITR filing compliance check’ tool to track non-filers

Banks get ‘ITR filing compliance check’ tool to track non-filers

🕔09:07, 3.Sep 2020

New Delhi, Sep 3  The Central Board of Direct Taxes (CBDT) has come up with a new functionality — ITR Filing Compliance Check – for scheduled commercial banks to check IT return filing status of permanent account numbers (PAN) in

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CBDT issued tax refunds of Rs 95,853 cr since April

CBDT issued tax refunds of Rs 95,853 cr since April

🕔08:37, 27.Aug 2020

New Delhi, Aug 27  The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 95,853 crore to over 25.55 lakh taxpayers so far in the current financial year. The total refunds include income tax refunds of Rs

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