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Tag "Central Board of Direct Taxes"

CBDT notifies modified IT return forms for FY 19-20

CBDT notifies modified IT return forms for FY 19-20

🕔07:06, 1.Jun 2020

New Delhi, June 01  The Central Board of Direct Taxes (CBDT) has notified new Income Tax Return forms for the Assessment Year 2020-21 or the financial year 2019-20. The modifications come in the backdrop of the coronavirus pandemic. In a

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CBDT allows MNCs to settle disputes quickly as per tax treaties

CBDT allows MNCs to settle disputes quickly as per tax treaties

🕔07:10, 8.May 2020

New Delhi, May 8  The Central Board of Direct Taxes has amended a rule to fastrack dispute resolution under a mutually agreeable procedure (MAP) provided in the tax treaties between India and the countries concerned. The amendment will make it

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10.2 lakh refunds worth Rs 4,250 cr made, says CBDT

10.2 lakh refunds worth Rs 4,250 cr made, says CBDT

🕔17:55, 15.Apr 2020

New Delhi, April 15  In pursuance to the government decision to issue pending income-tax refunds up to Rs 5 lakh to help taxpayers in the Covid-19 pandemic time, the Central Board of Direct Taxes (CBDT), here on Wednesday, said it

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More relief for taxpayers, no TDS on interest income till June 30

More relief for taxpayers, no TDS on interest income till June 30

🕔16:20, 4.Apr 2020

New Delhi, April 4 In yet another relief to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the validity of forms 15G and 15H by three months to June 30, 2020 and prevent banks from deducting TDS on interest

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ITR forms out in advance, seek foreign travel, passport details

ITR forms out in advance, seek foreign travel, passport details

🕔04:51, 6.Jan 2020

New Delhi, Jan 6  In a very fast move and a New Year surprise, the Central Board of Direct Taxes (CBDT) has notified income tax returns forms for the financial year (FY), which normally come in April, well in advance

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Date for filing ITRs extended to Jan 31 in J&K, Ladakh

Date for filing ITRs extended to Jan 31 in J&K, Ladakh

🕔06:45, 25.Dec 2019

New Delhi, Dec 25  In a big relief to the common people in Kashmir Valley, the Central Board of Direct Taxes (CBDT) has extended the due date for filing of income-tax returns in the Union Territories of Jammu & Kashmir

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CBDT extends IT returns date in J&K, Ladakh till Nov 30

CBDT extends IT returns date in J&K, Ladakh till Nov 30

🕔10:08, 1.Nov 2019

New Delhi, Nov 01  The Central Board of Direct Taxes (CBDT) on Thursday extended, till November 30, the date for filing of Income Tax Returns for the assessees in all categories in newly-created Union Territories of Jammu and Kashmir and

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Over 49 lakh IT returns e-filed on Aug 31: CBDT

Over 49 lakh IT returns e-filed on Aug 31: CBDT

🕔19:42, 1.Sep 2019

New Delhi, Sep 1  The Central Board of Direct Taxes (CBDT) on Sunday said that in a record number of Income Tax Returns (ITR) e-filings in a single day, a total of 49,29,121 ITRs were filed on Saturday, the last

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CBDT chief P.C. Mody gets 1-year extension

CBDT chief P.C. Mody gets 1-year extension

🕔13:29, 29.Aug 2019

New Delhi, Aug 29  Central Board of Direct Taxes (CBDT) Chairman P.C. Mody has been given a 1-year extension that will follow his superannuation on August 31. The move is aimed at ensuring continuity at the top post so that

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Task force on direct tax code submits report to Sitharaman

Task force on direct tax code submits report to Sitharaman

🕔07:00, 20.Aug 2019

New Delhi, Aug 20  The Task Force to rewrite the decades-old Income Tax Act, 1961 has submitted its report to Finance Minister Nirmala Sitharaman, sparking hopes of a simpler tax law with an easier compliance burden and friendly tax administration.

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CBDT refutes report of decline in e-filing of ITR

CBDT refutes report of decline in e-filing of ITR

🕔06:50, 7.May 2019

New Delhi, May 7  The Central Board of Direct Taxes (CBDT) on Monday refuted reports that e-filing of income tax returns (ITRs) had dropped in FY19, claiming that ITR e-filing figures of financial year 2018-19 were “not comparable” to thos

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68% rise in crorepatis since 2014, tax returns up 80%: CBDT

68% rise in crorepatis since 2014, tax returns up 80%: CBDT

🕔06:54, 23.Oct 2018

New Delhi, , Oct 23  The number of individual taxpayers with income above Rs 1 crore has gone up by 68 per cent in the last four financial years, the Income Tax Department said on Monday. The Central Board of

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Deadline for filing tax returns extended till August 31

Deadline for filing tax returns extended till August 31

🕔22:30, 26.Jul 2018

New Delhi, July 26 (IANS) In a relief for salaried tax payers, the government on Thursday extended the date for filing income tax returns by one month till August 31. The earlier deadline for filing the returns was July 31. “The

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India, Switzerland ink agreement on tax information exchange

India, Switzerland ink agreement on tax information exchange

🕔10:37, 22.Dec 2017

New Delhi, Dec 22 In a bid to fight the menace of black money stashed in offshore accounts, India on Thursday entered into an agreement with Switzerland for automatic exchange of tax-related financial information between the two countries. According to

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CBDT launches online chat to answer taxpayers’ queries

CBDT launches online chat to answer taxpayers’ queries

🕔11:04, 19.Oct 2017

New Delhi, Oct 18 (IANS) The Central Board of Direct Taxes (CBDT) has launched an online chat service for income taxpayers to enable them to seek answers to their queries relating to direct tax issues. The Income Tax Department’s website now

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CBDT signs Advance Pricing Agreements with Indian taxpayers

CBDT signs Advance Pricing Agreements with Indian taxpayers

🕔20:52, 28.Jun 2017

New Delhi, June 28 (IANS) The Central Board of Direct Taxes (CBDT) has entered into five unilateral Advance Pricing Agreements (APAs) with Indian taxpayers in June along with a bilateral APA involving the United Kingdom, the Finance Ministry said on Wednesday.

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CBDT signs two unilateral advance pricing agreements

CBDT signs two unilateral advance pricing agreements

🕔08:50, 23.May 2017

New Delhi, May 23  The Central Board of Direct Taxes (CBDT) has entered two unilateral Advance Pricing Agreements (APAs) pertaining software and information technology sectors. “The CBDT has entered into two Unilateral Advance Pricing Agreements (APA) on May 4, 2017,

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CBDT signs 4 unilateral Advance Pricing Agreements

CBDT signs 4 unilateral Advance Pricing Agreements

🕔15:00, 7.Feb 2017

New Delhi, Feb 7  The Central Board of Direct Taxes (CBDT) has entered into four unilateral Advance Pricing Agreements (APAs) pertaining to the manufacturing, financial and information technology sectors.“Four APAs were signed on Monday. The international transactions covered in these agreements

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GAAR to become applicable from 2017-18: CBDT

GAAR to become applicable from 2017-18: CBDT

🕔10:22, 28.Jan 2017

New Delhi, Jan 28  In a bid to bring clarity in tax rules for foreign entities in India and their transactions, the government on Friday said the General Anti-Avoidance Rule (GAAR) to plug taxation loopholes, but yet recognise genuine players,

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CBDT inks accord with Japanese firm for advance pricing

CBDT inks accord with Japanese firm for advance pricing

🕔08:16, 14.Jan 2017

New Delhi, Jan 14  The Central Board of Direct Taxes (CBDT) on Friday entered into a bilateral Advance Pricing Agreement (APA) with an Indian subsidiary of a Japanese trading firm with rollback provisions, said an official statement.“Bilateral APA is an

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