CBDT

TCS to be collected by seller from October 1 only if turnover exceeds Rs 10 crore: CBDT

TCS to be collected by seller from October 1 only if turnover exceeds Rs 10 crore: CBDT

The CBDT on Wednesday said a seller would be required to collect tax collected at source (TCS) from October 1 only if his turnover exceed...Read More

No directive to CBDT to issue notice to Sharad Pawar over poll affidavits: Election Commission

No directive to CBDT to issue notice to Sharad Pawar over poll affidavits: Election Commission

The Election Commission of India (ECI) on Wednesday issued a clarification stating that it has not issued any direction to the Central Bo...Read More

Refund charges collected since Jan 1 on UPI, RuPay transactions: Tax dept to banks

Refund charges collected since Jan 1 on UPI, RuPay transactions: Tax dept to banks

The Central Board of Direct Taxes (CBDT), in a circular on 'imposition of charge on the prescribed electronic modes under section 269SU o...Read More

Income Tax refunds: Rs 88,652 crore issued to 25 lakh taxpayers

Income Tax refunds: Rs 88,652 crore issued to 25 lakh taxpayers

The Income Tax department on Friday said it has issued refunds worth Rs 88,652 crore to over 24 lakh taxpayers so far this fiscal. This i...Read More

Faceless I-T e-assessment to
curb harassment and corruption, says CBDT official

Faceless I-T e-assessment to curb harassment and corruption, says CBDT official

In an exclusive interview with Free Press Journal, SK Gupta, Principal Chief Commissioner, Mumbai and CBDT Member explains the implementa...Read More

CBDT extends income tax return filing deadline till September 30

CBDT extends income tax return filing deadline till September 30

The government on Wednesday extended the deadline for filing income tax returns for 2018-19 fiscal by two months till September 30. "In v...Read More

CBDT refunded Rs 71,229 cr to help taxpayers amid COVID-19 pandemic: Finance Ministry

CBDT refunded Rs 71,229 cr to help taxpayers amid COVID-19 pandemic: Finance Ministry

The Central Board of Direct Taxes (CBDT) has issued refunds worth Rs 71,229 crore in more than 21.24 lakh cases up to July 11 to help ta...Read More

Employees allowed to claim IT exemption on conveyance allowance under new tax regime: CBDT

Employees allowed to claim IT exemption on conveyance allowance under new tax regime: CBDT

The government has allowed individuals under new lower tax regime to claim I-T exemption on conveyance allowance received from employers....Read More

CBDT issues orders to mitigate hardships to taxpayers

CBDT issues orders to mitigate hardships to taxpayers

The government has extended the validity of all lower withholding tax orders secured by assessees by three months till June 30 to mitigat...Read More

Good news taxpayers! No TDS on interest income till June 30; Know more

Good news taxpayers! No TDS on interest income till June 30; Know more

In yet another relief to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the validity of forms 15G and 15H by three mont...Read More

IT-dept raids reveal 'unaccounted cash' was being paid to public servants in Chhattisgarh

IT-dept raids reveal 'unaccounted cash' was being paid to public servants in Chhattisgarh

The Income Tax department is conducting a series of raids in Chhattisgarh. The CBDT on Monday said that the raids have revealed "unaccoun...Read More

CBDT to collect data on direct tax cases in high courts for 'Vivad se Vishwas' scheme

CBDT to collect data on direct tax cases in high courts for 'Vivad se Vishwas' scheme

The Central Board of Direct Taxes (CBDT), which frames the policy for the Income Tax Department

'A perfect ecosystem in India': CBDT Chairman P C Mody on new taxation policy for start-ups

'A perfect ecosystem in India': CBDT Chairman P C Mody on new taxation policy for start-ups

Sitharaman in the Budget proposed to ease the burden of taxation on the employees by deferring the tax payment on ESOPs by five years or ...Read More

Worried about tax department's new Income Tax Return Forms? Here's what you need to know

Worried about tax department's new Income Tax Return Forms? Here's what you need to know

The CBDT would normally issue new ITR forms only when the Financial Year gets over. However, this year, it has issued it before time.

CBDT questions why Tata Trusts registration was cancelled

CBDT questions why Tata Trusts registration was cancelled

Mumbai: The Central Board of Direct Taxes (CBDT) has questioned senior officials, who were involved in handling the case linked to cancel...Read More

Income Tax dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm

Income Tax dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm

New Delhi: The income tax department has detected alleged undisclosed income of Rs 435 crore after it raided a Tamil Nadu-based company, ...Read More

CBDT mops up Rs 6 lakh core in direct tax collection so far

CBDT mops up Rs 6 lakh core in direct tax collection so far

Efforts are being made to achieve the target set in the Budget, Central Board of Direct Taxes Chairman P C Mody

Income Tax Department busts hawala racket of Rs 3,300 crore involving infra firms

Income Tax Department busts hawala racket of Rs 3,300 crore involving infra firms

On Monday, the CBDT has claimed that the Income Tax Department has busted a hawala racket worth Rs 3,300-crore. The hawala racket is said...Read More

One who levelled serious charges v/s CBDT boss promoted

One who levelled serious charges v/s CBDT boss promoted

As per the official order, Tyagi would now hold the charge of Principal DGIT (Training) at the National Academy of Direct Taxes (NADT).

CBDT introduces unique number for tax department to assessee communication

CBDT introduces unique number for tax department to assessee communication

New Delhi: The government on Tuesday launched documentation identification number system of the Central Board of Direct Taxes, and 17,500...Read More

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