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CBDT NOTIFICATION
Leave encashment tax rules for AY 2026-27: How much exemption salaried employees can claimITR Filing 2026-27: Salaried employees can claim tax exemption on leave encashment at retirement. While government employees enjoy full exe...
Is tax clearance mandatory before foreign travel? What the Income-Tax Act, 2025 saysThe introduction of Form 157 and Form 159 under the Income-Tax Rules, 2026 has sparked confusion over whether tax clearance is now mandator...
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...
CBDT asked to extend ITR filing deadline to October 31, 2025 for tax audit cases by Gujarat High CourtFollowing directives from the Rajasthan and Karnataka High Courts, the CBDT extended the tax audit report deadline to October 31, 2025. Sub...
Your PAN Card may become inoperative from this date! CBDT issues new PAN-Aadhaar linking deadline: Check nowPAN-Aadhaar deadline for these PAN holders: The Income Tax Department has issued a new notification on PAN-Aadhaar linking for certain PAN ...
CBDT notifies enhanced leave salary encashment limit for non-government employeesThe CBDT’s notification aims to implement the Budget 2023 proposal that promised to increase the income tax exemption limit on earned leave...
Finance Ministry extends ITR filing deadline for companies till November 7The Central Board of Direct Taxes (CBDT), the apex decision-making body in matters of income and corporate tax, in a notification said sinc...
ITR-V submission: Time limit for verifying ITR reduced to 30 daysFor ITRs filed up till and including 31.7.2022 the earlier time limit of 120 days from date of filing of ITR continues, as per the CBDT not...
How capital gains on Ulips will be calculated: CBDT notificationEarlier any gains made on ULIPs were completely tax free, however, after the Budget 2021 proposal the maturity amount remains tax free only...
Sebi asks investors to link PAN with Aadhaar by Sept end for smooth transactionsFailing to comply with this, a person's Permanent Account Number (PAN) card will become inoperative, which means incomplete Know Your Custo...
Tax sop to be boon for SBI in Yes Bank rejigSBI’s executive committee approved of this purchase in mid-March.
Small startups with turnover up to Rs 25 cr to get promised tax holiday: CBDTThe turnover limit for small startups claiming deduction is to be determined by the provisions of Section 80-IAC of the I-T Act and not fro...
No respite from Angel Tax despite DPIIT notificationStartups complain that little work has been done on the ground to bring them relief from the so-called ‘Angel Tax’ demon.
Startups to get angel tax relief retrospectively from Feb 19Clauses of Section 56 of the I-T Act won’t apply to cos if they meet criteria laid down by DPIIT.
Startups facing angel tax notices may get relief this weekCBDT plans to write to principal commissioners asking them to go after investors rather than startups in cases where the source of funding ...
Genuine transactions won't get caught in tax tangleCentral Board of Direct Taxes notifies rules for levy of capital gains tax on certain equity investments where no Securities Transaction Ta...
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...
Foreign stash cases: India not to press secrecy clause in all casesThe Board instructed further that "therefore, request for refrainment from prior notification may be made only in exceptional circumstances...
Overseas black money cases: India to not press for confidentiality clauseThe Board instructed further that "therefore, request for refrainment from prior notification may be made only in exceptional circumstances...
- CBDT panel for tax accounting norms for computing income of realty developers
A high-level CBDT panel has suggested framing of tax accounting standards (TAS) for computing precise income of real estate developers.