Sat, Nov 16, 2024
By using technology and leveraging data obtained through the Automatic Exchange of Information (AEOI), the department is working to create a more efficient, taxpayer-friendly system.
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Tue, Oct 29, 2024
The income tax department has notified the tolerance range for variation between arm's length price and transfer pricing for international and specified domestic transactions for Assessment Year 2024-25.
Wed, Jul 31, 2024
The CBDT is headed by a chairperson and can have six members who are in the rank of special secretary.
Tue, Apr 16, 2024
The number of APAs signed in 2023-24 also represents a 31 per cent increase compared to the 95 APAs signed during the preceding financial year.
Fri, Mar 08, 2024
The Central Board of Direct Taxes (CBDT) in a notification said that no TDS will have to be deducted for payments to units in sectors like FinTech, banking, fund management entity, finance company, credit rating agency, insurance intermediary and investment banking.
Sat, Sep 30, 2023
The Union government gave a nine-month extension in service "on contract basis" to CBDT Chairperson Nitin Gupta on Saturday, the day of his scheduled retirement.
Sat, Aug 26, 2023
Income Tax Department: The Income Tax Department has revamped its national website (www.incometaxindia.gov.in) with a user-friendly interface, value-added features and new modules.
Thu, Aug 17, 2023
The Central Board of Direct Taxes (CBDT) has now come out with a draft form 6C inviting stakeholder comments by August 31 on the proposed columns for reporting inventories valuation certified by a cost accountant.
Thu, May 25, 2023
The Finance Ministry has notified 21 countries, including the US, UK and France, from where non-resident investment in unlisted Indian startups will not attract angel tax. The list, however, excludes investment from countries like Singapore, Netherlands and Mauritius.
Tue, Apr 25, 2023
Some of the major agendas of the meeting included the initiatives implemented for increasing the taxpayer base, pending disciplinary proceeding cases, disposal of applications for condonation of delay, and grant of exemptions under certain sections of the Income Tax Act, 1961.
Tue, Apr 11, 2023
The cost inflation index (CII) for 2023-24 relevant to assessment year 2024-25 stood at 348, according to a notification issued by the Central Board of Direct Taxes (CBDT) on Tuesday.
Wed, Feb 15, 2023
To facilitate taxpayers and to improve the ease of filing, no significant changes have been made to the ITR forms in comparison to the last year's ITR Forms. Only bare minimum changes necessitated due to amendments in the Income-Tax Act, 1961, have been made, the Income Tax department said.
Sun, Sep 04, 2022
This include personal and corporate refunds amounting to Rs 61,252 crore and Rs 53,158 crore respectively.
Thu, Sep 01, 2022
The shell entities have been found to have routed back the unaccounted money in the guise of share capital or unsecured loan into the business of the group, CBDT said.
Thu, Jun 30, 2022
PAN-Aadhaar Link: Today is the last day to link PAN with Aadhaar by paying less penalty fee. After June 30, individuals will have to pay a double fine of Rs 1000 for linking PAN-Aadhaar. If you are among those who haven't linked his/her PAN card with Aadhaar card yet, be prepared to pay double penalty from July 1, 2022, or link both today by paying a fine of Rs 500 only.
Wed, Jun 29, 2022
Pan-Aadhaar Link: The deadline for linking the PAN-Aadhaar card by paying less penalty is approaching soon. The last date is June 30, 2022. If you are one of those who have not yet linked your PAN card with your Aadhaar card, then there are only two days left to do so with a penalty fee of Rs 500. From July 1, the penalty will be double i.e Rs 1000.
Tue, Jun 28, 2022
The Central Board of Direct Taxes (CBDT) issued a new circular for TDS on Virtual Digital Assets on June 28, 2022. According to the circular, now, the buyer will have to deduct TDS on the trade of virtual digital assets outside the exchange. Zee Business report.
Mon, Jun 27, 2022
The Government of India has appointed IRS Nitin Gupta as the Chairman of the Central Board of Direct Taxes (CBDT), as per the official notification issued by the Department of Personnel and Training on Monday.
Wed, Dec 29, 2021
The Central Board of Direct Taxes mentioned that large number of electronically filed ITRs for the Assessment Year 2020-21 still remain pending with the Income-tax Department for want of receipt of a valid ITR-V Form at CPC, Bengaluru or pending e-Verification from the taxpayers concerned.
Sun, Oct 17, 2021
According to a statement by the Central Board of Direct Taxes (CBDT), the Income Tax Department has detected tax evasion worth crores of rupees after it raided a group engaged in digital marketing and another entity engaged in solid waste management.
Mon, Aug 30, 2021
The Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for electronic filing of various Forms under Income Tax Act.
Mon, Jun 14, 2021
CBDT has granted relaxation in electronic filing of forms 15CA & 15CB in view of difficulties reported by taxpayers in filing of forms online on the new e-filing portal http://incometax.gov.in.
Sun, Jan 06, 2019
The CBDT had on December 31 said taxes need not be levied in cases where shares were "received" by a specified company as a result of fresh issuance of shares, including by way of bonus shares, rights issue and preference shares.
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