CBDT: No Special Initiative To Reopen HRA Mismatch Cases, Confirms
There have been reports on social media and in the news about CBDT inquiries into cases where employees have inaccurately claimed HRA and rental expenses
Apr 08, 2024, 21:29 PM ISTWill 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 ISTPAN-Aadhaar linking: Here's what happens if your PAN card becomes inoperative
If a person’s PAN becomes inoperative, it will have many consequences.
Apr 09, 2022, 15:07 PM ISTPAN-Aadhaar linking can be done till 2023, but there’s a catch
The PAN Card of assessees who have not informed about their Aadhaar would remain functional until March 31, 2023.
Apr 02, 2022, 12:14 PM ISTBig ITR Filing Update: FinMin notifies new ITR forms for FY22
The Central Board of Direct Taxes (CBDT) has notified the forms ITR-1 to ITR-5.
Apr 01, 2022, 19:53 PM ISTIT dept detects Rs 224-crore undisclosed income after raids on Infra.Market
The searches were launched on March 9 at the firm's 23 premises in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh.
Mar 20, 2022, 22:34 PM ISTTaxpayers alert! IT Dept asks taxpayers to complete THIS important work
More than 29.8 lakh Tax Audit Reports were filed on ITD’s e-filing portal as of 15th February 2022.
Feb 18, 2022, 16:28 PM ISTCBDT issues refunds worth over Rs 1,32,381 crore to 1.19 crore taxpayers
CBDT has issued refunds of more than Rs 1,32,381 crore to more than 1.19 crore taxpayers from 1st April 2021 to 6th December 2021.
Dec 09, 2021, 13:38 PM ISTHere’s how to see if your PAN and Aadhaar Card are linked online: Check step-by-step guide
Section 139AA of the Income Tax Act states that each and every person with PAN as on July 1, 2017 and is eligible to obtain Aadhaar, must link PAN with Aadhaar. If both the documents are not linked, then PAN will become inoperative.
Jun 29, 2021, 15:24 PM ISTNew income tax e-filing website’s features revealed: Check details
In a statement, the Central Board of Direct Taxes (CBDT) has revealed that the new income tax portal will have features like immediate processing of tax returns for the quick issue of refunds, interactive software for easier preparation of returns.
Jun 05, 2021, 22:32 PM ISTCOVID-19 Impact: Govt extends timelines for tax compliance. Last date for filing ITR is now May 31
Income-tax return in response to notice under Section 148 of the Act, for which the last date of filing of return of income under the said notice is April 1, 2021, or thereafter, may be filed within the time allowed under that notice or May 31, 2021, whichever is later.
May 01, 2021, 15:25 PM ISTIncome Tax refunds of Rs 98,625 crore issued to 26.2 lakh taxpayers in 5 months
This also includes personal income tax (PIT) refunds amounting to Rs 29,997 crore issued to 24,50,041 taxpayers and corporate tax refunds amounting to Rs 68,628 crore issued to over 1,68,421 taxpayers during this period.
Sep 02, 2020, 21:13 PM ISTBanks asked to refund charges collected for UPI, RuPay transactions after January 1
Banks are advised to immediately refund the charges collected, if any, on or after January 1, 2020.
Sep 01, 2020, 15:08 PM ISTNew Form 26AS is faceless hand-holding of taxpayers, says CBDT
The changes in the new Form 26AS would also bring in further transparency and accountability in the tax administration.
Jul 18, 2020, 16:07 PM IST
CBDT refunds Rs 71,229 crore so far to help taxpayers during COVID-19
The CBDT has issued refunds worth Rs 71,229 crore in more than 21.24 lakh cases up to 11th July 2020, to help taxpayers with liquidity in Covid-19 pandemic days.
Jul 18, 2020, 01:38 AM ISTCBDT, SEBI reach understanding on data exchange on automatic, regular basis
The understanding will facilitate the sharing of data and information between SEBI and CBDT on an automatic and regular basis. The MoU marks the beginning of a new era of cooperation and synergy between SEBI and CBDT.
Jul 08, 2020, 19:35 PM ISTIncome Tax refunds of Rs 4,250 cr issued in a week, says CBDT
CBDT further said that about 1.75 lakh more refunds are in the process of issuance this week, adding "These refunds will get credited directly to the taxpayer bank account in five to seven business days from issuance."
Apr 15, 2020, 20:05 PM ISTVivad se Vishwas scheme: Finance ministry to hold national review meeting
The interaction via video-conferencing is expected to be chaired by Revenue Secretary A B Pandey, along with CBDT Chairman P C Mody, and they will talk to all the regional chiefs of the department in the country.
Feb 12, 2020, 23:01 PM ISTITR filing: CBDT extends date till January 31 in Jammu & Kashmir, Ladakh
The region, especially Kashmir, yet to witness seamless internet connectivity after the Centre`s decision to revoke the provisions of Article 370 on August, which gave a special status to the erstwhile state.
Dec 24, 2019, 22:42 PM ISTCBDT chief PC Mody gets 1-year extension
A 1981-batch Indian Revenue Service (IRS) officer, Mody had taken charge of the top job in February succeeding Sushil Chandra.
Aug 29, 2019, 13:21 PM IST