CBDT
CBDT issues new Income Tax return forms for 2019-20
The department revised the I-T return forms to allow assessees to avail benefits of various timeline extension granted by the government
Direct taxes down by nearly Rs 1 lakh crore
Tax collections fall short of annual target by nearly Rs 4 lakh crore
Officials to meet on Jan 7 for streamlining GST refunds, curbing evasion
The discussions will focus on a road ahead for e-invoicing, new return system and feedback, e-way bill linking with Fastag.
Tax dept issues 2.10 crore tax refunds till Nov; Rs 1.46-lakh crore refunded
The number of verified refunds pending as on November 29 are 20.76 lakh and currently being processed.
Former tax dept head K V Chowdary joins Reliance board
Chowdary was in August 2014 appointed as chairman of the CBDT, the top policy making body of the income tax department.
Tax employee unions irked by PM Modi's switch to faceless assessment: Letter
The scheme is being implemented in a hurry without considering the concerns of the majority of the stakeholders, said the letter.
Cos opting for new lower tax can't claim MAT credit, other deductions: CBDT
The section does not provide any timeline for companies to opt for the new regime of lower tax rate.
Taxpayer without e-filing a/c, PAN to not be eligible for I-T e-assessment
The CBDT, which frames policy for the Income Tax Department, issued a circular on Thursday stating exceptions to the new system.
CBDT launches one-time facility for compounding of income tax offences
In order to avail the facility a taxpayer will have to file an application for compounding a tax offence before the competent authority.
ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline ended on Aug 31
Out of the 5.65 crore ITRs filed so far, 3.61 crore have been verified.