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CBDT FAQ
New I-T rules to be notified by December-end, simplified forms for assessees in works: OfficialThe Income Tax department is actively developing simplified I-T forms and aims to finalize new rules by December 2025 to align with the Inc...- CBDT makes all Income Tax offences compoundable, eases rules for defaultersThe central board of direct taxes (CBDT) has made all offences under the income-tax law compoundable if the applicant is not involved in an...
- I-T dept issues 2nd FAQ on Vivad Se Vishwas Scheme, covers all appeals pending as on July 22The Income Tax Department has clarified eligibility for the Vivad Se Vishwas Scheme, 2024, stating that appeals pending as of July 22, 2024...
- Taxpayers can opt for 'Vivad se Vishwas' 2024 scheme from Dec 31: CBDT chairmanThe first 'Vivad se Vishwas' scheme for cases under the direct taxes or income tax category was brought out by the government in 2020 and, ...
- CBDT clarifies applicability of TDS liability for online retailers on ONDCAs per the FAQ issued by the Central Board of Direct Taxes (CBDT), a 1% TDS will have to be deducted from the gross sale amount after inclu...
- CBDT extends deadline for tax settlement scheme till January 31The offer to settle the disputes was to end on December 31, but it has now been extended till January 31, said the Central Board of Direct ...
- I-T Department starts sending SMSes assuring full confidentiality to assesseesThe four-month compliance window for voluntary disclosure of domestic black money under the IDS comes to a close on September 30.
- Pay tax under dispute resolution scheme on time to get relief: CBDTThe scheme, announced by FM Arun Jaitley in his Budget, provides an opportunity to taxpayers who are under litigation to come forward and s...
- Blackmoney disclosure:I-T dept not to question valuer's reportCBDT had received representations from stakeholders to provide an option to value the immovable property on the basis of the registered val...
- CBDT to come up with FAQs for settling tax litigationCBDT will soon come out with a set of 30 FAQs based on the queries it has received from various stakeholders, including chartered accountan...
- Black money window:CBDT to issue notification to ensure secrecyThe notification is expected to quote provisions of section 138 of the Income Tax Act which states that taxpayer related information is con...
- Black money window: CBDT issues fresh FAQs; PAN mandatory for declarantThis is the second set of clarifications or FAQs issued by the Central Board of Direct Taxes and this time a total of 11 queries have been ...
- No TCS on sale of cars exceeding Rs 10 lakh to govenrnment departments: CBDTCBDT, in a set of Frequently Asked Questions (FAQ), said that the 1 per cent TCS will apply only to retail sales and has to be collected by...
- CBDT releases FAQs on black money schemeThe black money scheme announced in the budget has stringent checks and balances to ensure ill-gotten wealth is not laundered through this ...
- Experts seek more clarity on PoEM norms, seek FAQs from CBDTTax experts have sought greater clarity from CBDT on draft PoEM norms that aim to determine the tax residency of companies.
- Gains from online gaming to be disclosed under black money lawPersons earning money through online gaming in foreign countries will be required to disclose such income under the black money compliance ...
- CBDT to clarify on bank a/c disclosures under black money lawIn the Frequently Asked Questions the CBDT will answer around two dozen queries based on inputs received from various stakeholders.
- Finance Ministry to hold talkathon on new black money law tomorrowFinance Ministry will hold a talkathon on the new black money law tomorrow during which Revenue Secretary Shaktikanta Das and CBDT Chairper...
- Blackmoney law: Finance Ministry wants people to address queries to CBDTThe new blackmoney law is aimed at unearthing undisclosed foreign income and assets held by Indians.
- CBDT issues TP rollback clarificationsCBDT recently issued clarifications on the rollback provisions available under the advance pricing agreement (APA) mechanism.
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