Searched for
CBDT GUIDELINES
ITR filing season AY 2026-27: Received Section 143(2) notice for AY 2025-26? What it means and how to respondAs Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why ta...
Income tax scrutiny: Who could receive a tax notice by June 30 and what to do if you've made a mistake
Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
ITR scrutiny alert: Income Tax Department identifies 6 categories of returns for mandatory scrutiny in FY 2026-27
Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...
How can I transfer or gift 800 grams of gold to my daughters?ET Wealth Reader's Query: I am a 50-year-old widower. My wife passed away a few years ago. I currently have around 800 grams of gold that b...
Can you travel abroad without Income-tax clearance? What the law says
New form for correction in PAN related details: CBDT notifies new online and offline forms for modification in PAN card details; check the guideline and how it worksThe Central Board of Direct Taxes has introduced new forms for correcting PAN card details. These forms, PAN CR-01 for individuals and PAN ...
Gold holding above 100g: Can it be seized by income tax department if you don’t have right papers? Check varying limits for men and womenIndia has no legal limit on gold ownership, provided its source is declared income. While CBDT offers seizure guidelines for specific gold ...
Budget 2026 makes TDS/TCS deduction rules mandatory, know how it will help in reducing disputesBudget 2026 has made CBDT guidelines mandatory for all property TDS and transaction participants. This move aims to prevent disputes and li...
Ask justified, specific questions from taxpayers during scrutiny: CBDT to I-T officialsThe CBDT has instructed Income Tax Department officials nationwide to apply "due application of mind" when issuing scrutiny notices to taxp...
Income tax department issues revised guidelines for compounding of offencesOn Thursday, the income tax department announced revised guidelines for compounding offences under the I-T law, simplifying the process and...
Now, life insurance maturity money will not be fully tax-exempt: CBDT issues new tax rulesThe Central Board of Direct Taxes (CBDT) has issued guidelines on how tax exempt portion from life insurance policies will be calculated (b...
I-T dept committees on high-pitched assessments to submit report in about 2 months: CBDTThe local committees have been created in each region of the income tax department, that are headed by a principal chief commissioner rank ...
CBDT issues new guidelines for compoundingThe latest guidelines from the Central Board of Direct Taxes, which come into effect from June 17, clearly state offences in this category ...
Tax association drags government to court over incentivising I-T commissionersThe petitioner claimed that CBDT guidelines amount to interference in impartial dispensation of justice and could potentially lead to confl...
CBDT warns taxman against roving, fishing scrutiny inquiriesThe policy-making body of the department has asked assessing officers to not "travel beyond the issue" and not to randomly or unauthorisedl...
CBDT lists norms for faster refund in pending tax demand casesThe CBDT has issued guidelines for expeditious tax refund of up to Rs 5,000 in cases where the department wants to adjust the refund with a...
Undisclosed foreign bank accounts: CBDT issues guidelines for compounding of offencesThe CBDT clarified that the matter was examined in consultation with the Special Investigation Team (SIT) on black money.
- Govt to notify guidelines on ESOPs within a week
The guidelines will give respite to companies to find out the manner for calculating liability under FBT. TideTwenty20