New Delhi, Jan 13 Taking another step towards e-governance and encouraging the participation of citizens as stakeholders in curbing tax evasion, the Central Board of Direct Taxes (CBDT) has launched an automated dedicated e-portal on the e-filing website of the
New Delhi, Jan 12 The Central Board of Direct Taxes dashed hopes of all taxpayers waiting for further extension of due dates for filing tax returns rejecting all representation in this regard, citing that the process cannot be delayed ‘indefinitely’
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
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
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
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
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
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
New Delhi, Aug 22 The Income Tax Department has carried out search and seizure operations at various locations in Bhopal, seizing cash and jewellery worth Rs 1.8 crore. A statement issued by the Central Board of Direct Taxes (CBDT) on
New Delhi, Aug 21 The Central Board of Direct Taxes has said that it has so far issued direct tax refunds of over Rs 88,652 crore to more than 24.64 lakh taxpayers in the current financial year. The total refund
New Delhi, Aug 15 As The Faceless Assessment Scheme, 2019 kicks off, the Central Board of Direct Taxes (CBDT) has stipulated that all communications from the department to the taxpayer, assessee, third-party will be in the name of the National
New Delhi, July 22 The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) on Tuesday signed a Memorandum of Understanding (MoU), for data exchange between the two organisations. The MoU was signed
New Delhi, July 21 The Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium Enterprises on Monday signed a MoU for sharing of tax related data concerning SMEs. The MoU will facilitate seamless sharing of
New Delhi, July 18 The Central Board of Direct Taxes (CBDT) has issued refunds amounting to Rs 71,229 crore in more than 21.24 lakh cases by July 11 to help taxpayers with liquidity in Covid-19 pandemic days. The government, on
New Delhi, July 14 The CBDT has extended a one-time relaxation for verification of e-filed tax returns for assessment years 2015-16 to 2019-20. A circular by the Central Board of Direct Taxes (CBDT) on Monday said that that a large number
New Delhi, July 9 The Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) on Wednesday signed a Memorandum of Understanding (MoU) for data exchange between the two organisations. The MoU was signed by
New Delhi, July 8 The Central Board of Direct Taxes (CBDT) has notified changes in the Income Tax Act that expands the definition of the infrastructure sector and extends tax exemption to sovereign wealth funds on their investments in India.
New Delhi, June 25 The Central Board of Direct Taxes (CBDT) on Wednesday issued notification to provide further relief to taxpayers by extending various time limits of compliances. Accordingly, the time for filing of original as well as revised income-tax
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
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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