CBDT extends compliance deadline for capital gains tax waiver on residential properties According to the circular, individuals who had to save on long term capital gains from specified transactions by investing in… January 10, 2023 02:00 IST
CBDT prescribes new timelines for filing of appeals to cut delays The Special Leave Petition against the judgment of High Court has to be filed in Supreme Court within 90 days… December 22, 2022 03:15 IST
PAN Card not mandatory, non-residents can file Form10F manually to claim lower TDS – Check last date Non-residents are required to submit Form 10F to claim the benefit of lower Tax Deducted at Source (TDS). Updated: December 14, 2022 18:45 IST
Cross-border tax cases outside faceless assessment scheme: CBDT Ever since the government the faceless assessment regime started, it excluded scrutiny cases falling under the International Tax and Central… December 10, 2022 01:45 IST
Direct tax mop-up to exceed budget target by 25-30 pc: CBDT chief Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta also said that the Budget for next fiscal could bring about… November 15, 2022 18:02 IST
Explained: What is Rule 132 under Income Tax and why is it important for taxpayers? What is Rule 132? Individuals with income from business or profession, who have claimed deduction of surcharge or cess in… Updated: October 30, 2022 16:20 IST
Revised guidelines for compounding and decriminalizing of income tax offences – A step in right direction Some of the major changes made include making offence punishable under Section 276 of the Income Tax Act as compoundable… September 29, 2022 12:42 IST
Net direct tax mop up rises 23% to Rs 7.04 lakh crore so far this fiscal CBDT Chairman Nitin Gupta said the income and corporate tax collections were at a record high of Rs 14.09 lakh… Updated: September 27, 2022 19:48 IST
CBDT issues revised guidelines for compounding of offences The discretion available with the competent authority has also been suitably restricted, the central board of direct taxes (CBDT) said. September 19, 2022 05:50 IST
ARCs, gaming, betting under lens: CBDT chief Search and survey/seizure operations by the I-T department yield about Rs 5,000-6,000 crore annually, sources said. However, these have a… August 27, 2022 01:00 IST
Direct tax collections rise 33% till August 24 Despite higher refunds, direct tax collections stood at about Rs 4.8 trillion as on August 24 of the current fiscal. August 26, 2022 07:12 IST
CBDT urges gamers to pay taxes under new scheme The tax department is also examining the Supreme Court ruling of Tuesday that held that the 2016 amendment to the… August 26, 2022 05:00 IST
SC seeks govt response on ‘gifts’ to doctors for prescribing Dolo tablet Senior counsel Sanjay Parikh, representing Federation of Medical & Sales Representatives Association of India, told a Bench led by Justice… August 19, 2022 07:42 IST
Second review of windfall taxes in a day or two: Revenue Secretary Tarun Bajaj The taxes were imposed to corner a share in super normal profits of oil companies and ensure adequate availability of… August 2, 2022 02:30 IST
IRS officer Nitin Gupta appointed new CBDT chairman Gupta, an Indian Revenue Service (IRS) officer of the 1986 batch of the Income Tax cadre, is serving as the… June 27, 2022 14:10 IST
CBDT notifies TDS disclosure norms for VDAs “One good thing is that the tax department tried to restrict the TDS obligation at only one party level in… June 23, 2022 08:36 IST
CBDT issues guidelines on TDS applicability on non-salary perquisites According to the guidelines, it is not necessary for the payer/deductor to check the taxability of the sum in the… June 17, 2022 05:45 IST
CBDT tightens curbs on high-pitched tax assessments “This instruction also provides for initiation of suitable administrative action against the officer concerned, in cases where assessments are found… June 17, 2022 04:30 IST
Don’t ‘kill’ nascent NFT industry with 30% tax: Analysts VDAs need to be more precisely defined by the Central Board of Direct Taxes (CBDT) for taxpayers to pay first… June 8, 2022 08:23 IST
CBDT asks tax officers to not issue reassessment notices for 3 years till FY15 The Supreme Court had earlier this month ruled in favour of the I-T Department and upheld all reassessment notices issued… May 12, 2022 18:03 IST
Govt notifies ITR forms for 2021-22; seeks details of income from overseas retirement benefit a/c ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small… April 1, 2022 15:02 IST
Financial transactions won’t stop from tomorrow for not linking PAN with Aadhaar, but delay will attract fee Unlike the previous extensions in the deadlines to link PAN with Aadhaar, this time you will have to pay late… Updated: March 31, 2022 23:34 IST
10 Photos Top 10 business news today: Taxman targets those earning Rs 4,00,000, Arun Jaitley on ‘buksheesh’ to people, Gul Panag on OROP, more Those earning Rs 4,00,000 lakh per annum, besides people in tier-II and tier-III cities with taxable income but not paying… September 28, 2015 17:14 IST View Photos
