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
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
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
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
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
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
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
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
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.
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
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
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
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
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
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.
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,
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
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,
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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