Gratuity may rise under New Labour Code, but your income tax bill could tooThe Code on Social Security, 2020 expands the wage base for gratuity, potentially increasing payouts, but tax rules under the Income-tax Ac...
13 Apr, 2026, 02.36 PM IST
ITR changes from April 2026: 5 key updates for Tax Year 2026–27 explainedStarting April 1, 2026, new Income Tax Act and Rules bring significant changes for Tax Year 2026-27. Key updates include extended ITR due d...
04 Apr, 2026, 02.47 PM IST
Delhi High Court asks CBDT to clarify tax on partners’ bonuses, stays recoveryTax authorities nationwide are demanding taxes on partner bonuses and performance pay. Professional firms argue this income is already taxe...
04 Apr, 2026, 11.06 AM IST
Is your Income Tax notice real? New 2026 CBDT rules require a DIN for official income tax correspondences like notice, orders, othersThe CBDT has mandated a Document Identification Number (DIN) for all income tax correspondence to taxpayers via a circular dated March 31, ...
01 Apr, 2026, 01.10 PM IST
India grandfathered gains from investments made before April 2017Investors holding assets acquired before April 1, 2017, have received a significant reprieve. The Central Board of Direct Taxes has clarifi...
01 Apr, 2026, 11.15 AM IST
Form 26AS to include off-market trade, mutual funds dividends and other detailsThe Central Board of Direct Taxes (CBDT) amended the scope and format of Form 26AS effective from June 1, 2020. The October 2021 order of t...
16 Jun, 2023, 02.01 PM IST
Govt will refund Rs 8000 crore to four companies once new taxation laws come into effect: CBDT ChairpersonThe Bill will do away with the retrospective tax provision and end all retrospective taxes imposed on indirect transfer of Indian assets ma...
10 Aug, 2021, 09.17 AM IST
CBDT extends advance tax payment deadline for northeastern states to December 31"In view of the recent disturbances in the North Eastern region of India, CBDT has decided to extend the date for payment of 3rd instalment...
15 Dec, 2019, 10.50 PM IST
No change in gold seizure norms in proposed I-T Law amendmentsThe proposed amendments also do not seek to tax inherited gold and jewellery, as also those items that are purchased through disclosed or a...
02 Dec, 2016, 11.49 AM IST
Tax demand on Vodafone, Cairn cannot be disputed: CBDTThe CBDT chief said "as long as" the retrospective amendment of the IT Act passed by Parliament remains valid, the "demand (of tax against ...
01 Mar, 2016, 05.45 PM IST
Don't press cases on method to measure farm land distance: CBDT'Agricultural land' is excluded from the definition of capital asset under Income Tax Act, based, inter-alia, on its proximity to a municip...
07 Oct, 2015, 09.26 PM IST
Retro tax law not applicable on dividends by foreign firmsThe erstwhile UPA government had amended the tax laws in 2012 budget retrospectively, allowing tax authorities to tax overseas transactions.
27 Mar, 2015, 04.55 AM IST
High Court defers plea on tax audit, leaves chartered accountants edgyThey apprehend that the plea will become irrelevant if the court does not give its ruling on Thursday as deadline for filing returns is Sep...
16 Sep, 2014, 04.00 AM IST
Budget 2014: CBDT committee to be set up to decide on fresh tax disputes on transfer pricingTax experts also said that the crucial aspect here will be the ‘parameters/principles’ that will be applied by the CBDT in guiding the tax ...
10 Jul, 2014, 02.54 PM IST
- I-T dept not to reopen cases prior to April 1, 2012: Pranab Mukherjeeli
CBDT has issued the circular to its field formations asking them not to open cases in which assessment order has already been passed.
31 May, 2012, 04.35 AM IST
- CBDT amends income tax rules for PF trusts
Private provident funds and superannuation funds, that channelise a larger chunk of their corpus equity will not attract income tax, follow...
15 Mar, 2009, 11.37 AM IST
- No proposal to amend capital gains tax for FIIs: Govt
The Government on Tuesday said there is no proposal from the Central Board of Direct Taxes (CBDT) to amend Income Tax Act so that all FIIs ...
22 Apr, 2008, 06.16 PM IST