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Tag "Central Board of Direct Taxes"

CBDT launches e-portal for filing tax evasion complaints

CBDT launches e-portal for filing tax evasion complaints

🕔07:16, 13.Jan 2021

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

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Pay penalty if not already filed I-T returns, no more extensions now

Pay penalty if not already filed I-T returns, no more extensions now

🕔16:15, 12.Jan 2021

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’

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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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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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I-T Dept conducts raids at several locations in Bhopal

I-T Dept conducts raids at several locations in Bhopal

🕔07:15, 22.Aug 2020

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

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CBDT issues tax refunds of over Rs 88k cr since April

CBDT issues tax refunds of over Rs 88k cr since April

🕔17:11, 21.Aug 2020

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

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Faceless assessment to start with I-T Dept restructuring

Faceless assessment to start with I-T Dept restructuring

🕔16:59, 15.Aug 2020

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

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CBIC, CBDT sign MoU for bilateral data exchange

CBIC, CBDT sign MoU for bilateral data exchange

🕔07:20, 22.Jul 2020

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

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CBDT, MSME Ministry sign pact for sharing tax related data

CBDT, MSME Ministry sign pact for sharing tax related data

🕔07:22, 21.Jul 2020

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

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CBDT completes Rs 71K refunds to help taxpayers with liquidity

CBDT completes Rs 71K refunds to help taxpayers with liquidity

🕔07:39, 18.Jul 2020

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

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CBDT allows one-time relaxation for e-filed ITR verification

CBDT allows one-time relaxation for e-filed ITR verification

🕔07:08, 14.Jul 2020

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

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CBDT, SEBI sign MoU for data exchange

CBDT, SEBI sign MoU for data exchange

🕔07:35, 9.Jul 2020

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

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Sovereign funds to get tax break for investing in wider infra sector

Sovereign funds to get tax break for investing in wider infra sector

🕔07:29, 8.Jul 2020

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.

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Covid-19 relief for taxpayers: Govt extends time limit of tax compliances

Covid-19 relief for taxpayers: Govt extends time limit of tax compliances

🕔09:50, 25.Jun 2020

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

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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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