Thursday, Feb 22, 2024 | Last Update : 08:11 PM IST


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

31 May 2020 1:39 PM

Direct taxes down by nearly Rs 1 lakh crore

Tax collections fall short of annual target by nearly Rs 4 lakh crore

01 Apr 2020 9:57 PM

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.

03 Jan 2020 1:22 PM

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.

03 Dec 2019 8:20 PM

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.

19 Oct 2019 11:46 AM


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.

15 Oct 2019 12:04 PM

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.

03 Oct 2019 9:18 AM

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.

27 Sep 2019 7:08 PM

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.

12 Sep 2019 12:07 PM

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.

02 Sep 2019 4:40 PM


2 pc TDS on cash withdrawals of over Rs 1 crore from Sep 1: Tax dept

If a person has already withdrawn Rs 1 cr or more in current fiscal, the 2 pc TDS shall apply on all subsequent cash withdrawals.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

Surcharge rollback creates no differential regime between FPIs, domestic investors

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

Elimination of angel tax to uplift sentiment in the start up community

These steps shows government’s resolve towards ease of doing business in India and encourage entrepreneurship.

27 Aug 2019 10:06 AM

CBDT's procedure for pending angel tax assessment cases to help startups: Experts

Government is seeking to calm the nerves of startups worried about angel tax.

16 Aug 2019 10:26 AM

All communication from tax dept to assessees to carry DIN from Oct 1: CBDT

The CBDT has also specified exceptional circumstances where the communication could be issued manually.

14 Aug 2019 7:13 PM


CBDT issues FAQs on filing tax returns to help taxpayers

The FAQs are based on the queries received by the CBDT to help assessees file ITRs.

12 Aug 2019 10:34 AM

Relief for startups: CBDT lays out procedure for pending angel tax assessment cases

More than 540 startups have received exemption from angel tax so far.

09 Aug 2019 9:05 AM

Tax force on direct taxes gets more time to submit report

The government has allowed the task force to submit its report by 16th of August 2019.

01 Aug 2019 10:56 AM

No changes made in ITR forms, only software updated: CBDT

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

Tax paying should be a pleasurable experience: CBDT chairman

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