Page 4 of CBDT

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

The new provision part of the Finance Act 2022 will become effective from July 1.

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

Grievances under faceless assessment regime would be received by email and the local committee would examine to ascertain whether there is a prima-facie case of high- pitched assessment, non-observance of principles of natural justice, non-application of mind or gross negligence of assessing officer/assessment unit.

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

Central Board of Direct Taxes (CBDT) asked tax officers to give taxpayers two weeks' time to respond to such notices, which can be further extended at taxpayer's request in genuine cases.

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

PAN Card, Aadhaar Card, PAN-Aadhaar linking, last date to link PAN-Aadhaar, late fee, inoperative PAN, financial transactions, ITR filing, tax refund

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

PAN Aadhaar linking, last date to link PAN card with Aadhaar card, extended, fine, how to link Aadhaar with PAN, Income Tax, inoperative PAN,

PAN Aadhaar link last date extended: Complete linking by this date to avoid making your PAN card inoperative

It is now mandatory to link the Aadhaar number with PAN to complete income-tax-related tasks such as filing returns on…

Updated: March 30, 2022 22:54 IST

"However, the evidences collected during the investigation indicated that this entity has been rendering significant services/ operations of high-end nature. On this aspect, suppression of income of Rs 400 crore has been detected," the finance ministry said in a statement. The ministry did not name the company.

I-T dept detects tax evasion by Chinese firm Huawei

The searches, which were spread across Delhi, Gurugram and Bengaluru covered the main business premises and also the residential premises…

Updated: March 3, 2022 18:47 IST

Making faceless assessments more efficient

Based on the recommendations of a 13-member task force set up by the Central Board of Direct Taxes CBDT in…

Updated: February 22, 2022 08:32 IST

Around 6.17 crore ITRs, 19 lakh audit reports filed on new I-T portal, says CBDT

The government had in January extended till March 15 the deadline for corporates to file income tax returns for the…

February 7, 2022 18:23 IST

New rules notified for determining deemed consideration for slump sale; key things to know

Union Budget 2021 introduced significant amendments in the provisions relating to the taxation of slump sale transactions.

May 29, 2021 13:59 IST

New TDS rule 2021 for non filers explained.

TDS Calculation: Rs 1 lakh Tax Deducted At Source on Rs 20 lakh cash payment to non-filers – New rule explained

TDS Payment Rules 2021 (Section ‘206AB (I) Explained): The Finance Act 2021 recently cleared by the Parliament has introduced a…

Updated: March 30, 2021 14:03 IST

Income Tax for non-residents: Stranded in India & facing double taxation? New CBDT circular explained for you

Income Tax for non-residents: Due to the coronavirus outbreak and subsequent lockdown last year (2020), many non-residents were stuck in…

Updated: March 18, 2021 01:28 IST

Dispute Resolution Committee to have multiple benches: CBDT chief

The Budget had said that interest on employee contributions to provident fund over Rs 2.5 lakh per annum would be…

February 3, 2021 13:44 IST

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