The department revised the I-T return forms to allow assessees to avail benefits of various timeline extension granted by the government
31 May 2020 1:39 PM
Tax collections fall short of annual target by nearly Rs 4 lakh crore
01 Apr 2020 9:57 PM
The discussions will focus on a road ahead for e-invoicing, new return system and feedback, e-way bill linking with Fastag.
03 Jan 2020 1:22 PM
The number of verified refunds pending as on November 29 are 20.76 lakh and currently being processed.
03 Dec 2019 8:20 PM
Chowdary was in August 2014 appointed as chairman of the CBDT, the top policy making body of the income tax department.
19 Oct 2019 11:46 AM
The scheme is being implemented in a hurry without considering the concerns of the majority of the stakeholders, said the letter.
15 Oct 2019 12:04 PM
The section does not provide any timeline for companies to opt for the new regime of lower tax rate.
03 Oct 2019 9:18 AM
The CBDT, which frames policy for the Income Tax Department, issued a circular on Thursday stating exceptions to the new system.
27 Sep 2019 7:08 PM
In order to avail the facility a taxpayer will have to file an application for compounding a tax offence before the competent authority.
12 Sep 2019 12:07 PM
Out of the 5.65 crore ITRs filed so far, 3.61 crore have been verified.
02 Sep 2019 4:40 PM
If a person has already withdrawn Rs 1 cr or more in current fiscal, the 2 pc TDS shall apply on all subsequent cash withdrawals.
31 Aug 2019 10:58 AM
FM on Friday announced the withdrawal of enhanced surcharge on short-term and long-term capital gains earned by FPIs.
28 Aug 2019 2:01 PM
These steps shows government’s resolve towards ease of doing business in India and encourage entrepreneurship.
27 Aug 2019 10:06 AM
Government is seeking to calm the nerves of startups worried about angel tax.
16 Aug 2019 10:26 AM
The CBDT has also specified exceptional circumstances where the communication could be issued manually.
14 Aug 2019 7:13 PM
The FAQs are based on the queries received by the CBDT to help assessees file ITRs.
12 Aug 2019 10:34 AM
More than 540 startups have received exemption from angel tax so far.
09 Aug 2019 9:05 AM
The government has allowed the task force to submit its report by 16th of August 2019.
01 Aug 2019 10:56 AM
The CBDT said that the software utility for e-filing of all the ITR forms has been released long back.
24 Jul 2019 4:41 PM
Revenue collection under the direct taxes head has grown and the total tax base has also increased to over 7 crore taxpayers at present.
24 Jul 2019 3:40 PM