Tag: Cbdt

common income tax return form
Common ITR form for taxpayers proposed by CBDT; check benefits

Taxpayers will have choice to choose the form for filing returns- they could either choose from the proposed common ITR form or the existing ITR 1 or ITR 4 forms

  • Wednesday, 02 November 2022
 CBDT issues revised guidelines for compounding
Guidelines for compounding of offences under the Income-tax Act revised

A lot of major changes have been made for the benefit of taxpayers including making offence punishable under Section 276 of the Act as compoundable.

  • Sunday, 18 September 2022
income tax
Dates For Filing Of Income Tax Return, Audit Reports Extended

The Central Board of Direct Taxes (CBDT) has decided to further extend the due dates for filing of Income Tax Returns and various reports of audit for the Assessment Year 2021-22.

  • Tuesday, 11 January 2022
CBDT Issues Tax Refunds Worth Rs 70K Cr So Far In FY22
CBDT Issues Tax Refunds Worth Rs 70K Cr So Far In FY22

It has also decided that the due date of furnishing of report of audit under any provision of the Act for the previous year 2020-21, has been extended to January 15, 2022.

  • Sunday, 12 September 2021
taxes
Direct Tax collections rise 14% to Rs 4.8 lakh cr during April-November

New Delhi: The government on Saturday reported a growth of 14.4 per cent in direct tax collections for April-November, 2017-18. “Provisional figures of direct tax collections up to November 2017 show that net collections are at Rs 4.8 lakh crore which is 14.4 per cent higher than the net collections for corresponding period of last […]

  • Tuesday, 06 July 2021
CBDT launches online chat to answer taxpayers' queries

New Delhi: 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 hosts a “Live Chat” window which takes questions on tax matters from Monday to Friday between 10 […]

  • Tuesday, 06 July 2021
CBDT asked to include service charge in tax assessment

New Delhi: Union Consumer Affairs Minister Ram Vilas Paswan has asked the Central Board of Direct Taxes (CBDT) to consider inclusion of service charge while assessing tax. According to an official release, complaints were being received through the National Consumer Helpline about levying 5 per cent to 20 per cent service charge compulsorily by some […]

  • Tuesday, 06 July 2021
Income Tax Recruitment 2018
CBDT Grants Further Relaxation To Tax Payers In E-Filing Of Income Tax Forms

There is a requirement to furnish Form 15CA/15CB electronically as per the Income-tax Act, 1961.

  • Monday, 05 July 2021
Govt extends ITR filing deadline to August 5

New Delhi: In a last minute decision, the government today extended the deadline for filing Income Tax Returns (ITRs) till August 5, a top official said today. The official twitter handle of the department said the move was made “in view of difficulties faced by taxpayers.” A senior official of the department said the decision […]

  • Monday, 28 June 2021
income tax
'Don't harass taxpayers on pretext of scrutiny'

Taking a stern view of the undue "harassment" of taxpayers during scrutiny of their cases, the CBDT has issued orders asking the I-T department to complete these enquiries in quick time and not drag them "unnecessarily"

  • Saturday, 26 June 2021
aadhaar-PAN
PAN-Aadhaar linking: ‘Neglect’ may land you in trouble

Even though the last date for the linking of Aadhaar and PAN card has been extended by sixth time till September 30, 2019, you may not get relief. The Central Board of Direct Taxes (CBDT) has said taxpayers would have to mandatorily quote and link Aadhaar number while filing the return of income. It is […]

  • Sunday, 02 May 2021
Income-Tax
CBDT refutes reports of decline in e-filing of ITR

New Delhi: 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 those of 2017-18. “This is factually untrue, because the figures for FY 2017-18 and FY 2018-19 are not […]

  • Saturday, 01 May 2021
tax
Tax Task Force Recommends New Tax Slabs For Individuals

New Delhi: A government constituted Direct Tax Code task force, headed by CBDT member Akilesh Ranjan, is arguing for a new tax regime for individuals. It has proposed dramatic changes to the Income Tax Act, which dates back 58 years. People earning between Rs 5 lakh and Rs 10 lakh per year may have to […]

  • Monday, 26 April 2021
pan
PAN Will Be Generated Automatically If A Taxpayer Uses Aadhaar For Filing Returns: CBDT

New Delhi: The Income Tax Department will automatically issue PAN to a taxpayer using Aadhaar number for filing returns as part of a new arrangement to link the two databases. According to a notification issued by the CBDT on August 30, a person who furnishes Aadhaar, as they do not have PAN, “shall be deemed” […]

  • Monday, 26 April 2021
pan
PAN-Aadhaar Linking Date Extended To Dec 31

New Delhi: The deadline to link permanent account number (PAN) with Aadhaar has been extended till December 31, a CBDT order said Saturday. Earlier, the deadline was September 30. This is the seventh time that the government has extended the deadline for individuals to link their PAN with Aadhaar. The Central Board of Direct Taxes […]

  • Sunday, 25 April 2021
scrollToTop