CBDT Notifies New Rule For Taxpayers Effective From 1 October 2024 -- Here's All You Want To Know About Direct Tax Vivad Se Vishwas Scheme, 2024
The Central Board of Direct Taxes (CBDT) has notifies Rules and Forms for Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, that provides for lesser settlement amounts for a ‘new appellant’ in comparison to an ‘old appellant’.
Sep 23, 2024, 10:56 AM IST
Vivad Se Vishwas Direct Tax Scheme 2024: Check Benefits, Who Can Use the Scheme, And How To Implement It From October 1
The Direct Tax Vivad Se Vishwas Scheme, 2024, applies to cases where appeals have been filed with the Commissioner (Appeals), Dispute Resolution Panel (DRP), Income Tax Appellate Tribunal (ITAT), High Court, or Supreme Court.
Sep 22, 2024, 13:45 PM IST
CBDT Eases TDS Rule In Cases Of Death Of Deductees Before Linkage Of Pan-Aadhaar
In view of the genuine difficulties being faced by the taxpayers, the CBDT issued the Circular dated 05.08.2024, and vide the same, the government has relaxed the provisions of TDS/TCS as per the Income-tax Act, 1961, in the event of death of deductee/collectee before linking of PAN and Aadhaar, it added.
Aug 08, 2024, 14:59 PM IST
CBDT Eases TDS/TCS Rules for Deceased Deductees and Collectees Before PAN-Aadhaar Linkage
On April 23, 2024, CBDT extended date for linking of PAN and Aadhaar May for the taxpayers (for the transactions entered into upto March 2024) to avoid higher TDS/ TCS as per the income tax act.
Aug 07, 2024, 18:26 PM IST
CBDT Signs Record 125 Pacts To Ease Tax Payments By Big Multinational Firms
With this, the total number of APAs since the inception of the APA programme has gone up to 641.
Apr 17, 2024, 08:01 AM IST
EC Orders CBDT To Probe Union Minister Rajeev Chandrasekhar’s Affidavit Details Over Congress Complaint
Union Minister Rajeev Chandrasekhar is a BJP candidate from Thiruvananthapuram Lok Sabha seat.
Apr 09, 2024, 14:18 PM IST
Income Tax Alert: CBDT extends due date for filing Form 10B/10BB, ITR-7 till THIS Date
The CBDT circular has issued a curcular providing relaxation in respect of filing Form 10B/10BB, ITR-7 till THIS Date.
Sep 19, 2023, 09:07 AM IST
BIG Relaxation! CBDT Relaxes Rules For Valuing Rent-Free Accommodation By Employer, Know How It Will Impact You
The new rules will provide a major relief to top management players or high salaried employees in corporate as their take home salary will increase.
Aug 20, 2023, 14:39 PM IST
ED Files Case Against BBC For Foreign Exchange Violations
The moves comes in the backdrop of the Income-Tax department surveying BBC office premises in Delhi in February.
Apr 13, 2023, 12:19 PM IST
Income Tax: CBDT Notifies ITR Forms for Assessment Year 2023-24
ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers.
Feb 15, 2023, 14:17 PM IST
New Tax Regime 2023: Revamped I-T Regime to Get 'Fabulous' Response, Says Income Tax Official
The new tax regime will be more beneficial for a person who does not have enough investments to claim I-T deductions.
Feb 03, 2023, 12:36 PM IST
Big ALERT for PAN holders! Your card will become inoperable if you don't do THIS thing before March 2023
As per Income-tax Act, 1961, it is mandatory for all PAN holders, who do not fall under the exempt category, to link their PAN with Aadhaar before 31.3.2023. From 1.04.2023, the unlinked PAN shall become inoperative.
Dec 24, 2022, 16:39 PM IST
Income tax alert: Govt allows non-resident taxpayers to manually file Form 10F till March 31 for claiming TDS benefit
The Central Board of Direct Taxes (CBDT) had in July made it mandatory for non-resident taxpayers to file Form 10F electronically to claim benefit of lower Tax Deducted at Source (TDS).
Dec 16, 2022, 08:46 AM IST
TDS on salary: CBDT issues IMPORTANT circular on salary income, check details
The circular basically explains the obligation of employers with regard to the deduction of tax at source from salaries under section 192 of the Income-tax Act, 1961 for Financial Year 2022-23.
Dec 13, 2022, 12:53 PM IST
CBDT extends deadline for filing TDS for non-salary transactions till November 30
Form 26Q is used for quarterly filing of TDS returns on payments other than salary.
Oct 28, 2022, 14:41 PM IST
Will gift cards, reward points attract TDS on virtual digital assets? IT Dept issues clarification
The new rules for TDS on virtual digital assets and cryptocurrencies for transactions exceeding Rs 10,000 became effective today (July 1).
Jul 01, 2022, 14:12 PM IST
New TDS rule from 1 July 2022: How will it impact doctors, social media influencers? Top 5 things to know
The Budget brought in a new section, 194R, in the I-T Act which requires deduction of tax at source at the rate of 10 per cent by any person, providing any benefit or perquisite exceeding Rs 20,000 in a year to a resident, arising from the business or profession of such resident.
Jun 28, 2022, 15:43 PM IST
Haven’t filed ITR? Get ready to face higher TDS, lower in-hand salary
You could face a higher TDS if you income tax return (ITR) for the financial year 2020-21.
May 19, 2022, 19:33 PM IST
PAN-Aadhaar not linked yet? Here's what you have to do now
The recent notification issued by the Central Board of Direct Taxes, or CBDT, states that failing to link Aadhaar and PAN results in a punishment of up to Rs 1,000.
Apr 03, 2022, 09:57 AM IST
PAN-Aadhaar Linking before March 31; Here's what happens if you don't link PAN-Aadhaar
If you do not link your PAN to Aadhaar by March 31, you may face a slew of penalties.
Mar 26, 2022, 10:42 AM IST
