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Tag "Central Board of Direct Taxes"

CBDT condones delay in filing of Form 10A

CBDT condones delay in filing of Form 10A

🕔07:12, 2.Nov 2022

New Delhi, Nov 2 (IANS) The Central Board of Direct Taxes (CBDT) has condoned the delay in filing of Form 10A, up to November 25, in respect of certain provisions of Sections 12A/10(23C)/80G/35 of the Income Tax Act, 1961. As per

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CBDT extends due date for filing of Form 26Q

CBDT extends due date for filing of Form 26Q

🕔18:18, 27.Oct 2022

New Delhi, Oct 27 (IANS) The Central Board of Direct Taxes (CBDT) has extended the last date for filing of Form 26Q for the second quarter of 2022-23 to November 30. The original due date was October 31. The deadline has

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CBDT extends deadline for filing returns till Nov 7

CBDT extends deadline for filing returns till Nov 7

🕔19:34, 26.Oct 2022

New Delhi, Oct 26 (IANS) The Central Board of Direct Taxes (CBDT) on Wednesday extended the due date for furnishing income tax returns for assessment year 2022-23 to November 7 for certain categories of assessees. The earlier due date was October

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CBDT issues refunds of over Rs 1.14 lakh crore

CBDT issues refunds of over Rs 1.14 lakh crore

🕔12:34, 3.Sep 2022

New Delhi, Sep 3 (IANS) The Central Board of Direct Taxes (CBDT) said on Saturday that it has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers between April 1 to August 31. It also said

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Nitin Gupta appointed as CBDT chairman

Nitin Gupta appointed as CBDT chairman

🕔13:31, 27.Jun 2022

The government has appointed Nitin Gupta as the chairman of Central Board of Direct Taxes (CBDT). New Delhi, June 27 (IANS) The government has appointed Nitin Gupta as the chairman of Central Board of Direct Taxes (CBDT). “The Appointments Committee of

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Govt focus on expeditious framework for Black Money Act

Govt focus on expeditious framework for Black Money Act

🕔16:28, 7.Mar 2022

New Delhi, March 7 (IANS) Considering the objective of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 (BM Act), the assessment is to be completed at the earliest possible without keeping the same pending till

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Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

Govt booster for strategic disinvestment, no gift tax on transfer of shares in PSUs

🕔12:11, 14.Sep 2021

New Delhi, Sept. Sep 14  The government has decided to exempt investors picking up state’s equity shares under strategic disinvestment programme from the provisions of gift tax. A notification issued by the Central Board of Direct Taxes (CBDT) has amended

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CBDT issues tax refunds worth Rs 70K cr so far in FY22

CBDT issues tax refunds worth Rs 70K cr so far in FY22

🕔21:09, 12.Sep 2021

New Delhi, Sep 12  The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 70,120 crore to more than 26 lakh taxpayers so far in the current financial year. In a tweet on Sunday, the Income Tax

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CBDT allows taxpayers another opportunity to file application for tax settlement

CBDT allows taxpayers another opportunity to file application for tax settlement

🕔21:32, 7.Sep 2021

New Delhi, Sep 7 In order to provide relief to the taxpayers, the Central Board of Direct Taxes (CBDT) has permitted filing of tax settlement applications for period upto January 31, by September 30. It has been decided that such application

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EPF contribution of over Rs 2.5 lakh now requires 2 PF accounts

EPF contribution of over Rs 2.5 lakh now requires 2 PF accounts

🕔17:40, 5.Sep 2021

New Delhi, Sep 5 People with Employees’ Provident Fund and Voluntary Provident Fund (VPF) contribution of over Rs 2.5 lakh per financial year will now have two separate PF accounts. Finance Minister Nirmala Sitharaman had announced, in this year’s budget, that

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CBDT extends due dates for e-filing of various Income Tax forms

CBDT extends due dates for e-filing of various Income Tax forms

🕔21:11, 29.Aug 2021

New Delhi, Aug 29  In a relief for taxpayers, the Central Board of Direct Taxes (CBDT) has extended the due dates for filing of various electronic forms under the Income Tax Act, 1961. In a statement, the Finance Ministry said

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CBDT extends deadline for payment under ‘Vivad Se Vishwas’ scheme

CBDT extends deadline for payment under ‘Vivad Se Vishwas’ scheme

🕔21:00, 29.Aug 2021

New Delhi, Aug 29  The Central Board of Direct Taxes (CBDT) has further extended the deadline for the payment of amounts under the direct tax dispute resolution scheme — ‘Vivad Se Vishwas’ — without any additional charge till September 30.

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CBDT extends due dates for electronic filing of various forms

CBDT extends due dates for electronic filing of various forms

🕔07:08, 4.Aug 2021

New Delhi, Aug 4  The Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of tax forms in view of difficulties reported by the taxpayers and other stakeholders. The Income Tax Department

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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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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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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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