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CBDT PENALTY WAIVER
Good news: If penalty is imposed for misreporting of income or other cases you can apply for waiver of penalty using revised Form 161; Check the detailsOn October 8, 2026, the Central Board of Direct Taxes introduced a revised Form 161 for taxpayers. This new form allows eligible individual...- New update on GST Amnesty Scheme waiver of penalty and interest: These taxpayers need to withdraw their appeal and then apply for the schemeGoods and Service Tax: In a new advisory dated January 14, 2025 GSTN said certain taxpayers are are advised to submit their request for wit...
- GST relief for foreign airlines, academic institutionsForeign airlines in India gain GST exemption for head office services to branch offices per a government notification. Academic institution...
- Are you eligible for tax demand waiver of Rs 25,000? May be yes, may be noTax demand notice withdrawal in interim Budget 2024: The finance minister Nirmala Sitharaman has announced the withdrawal of tax demand not...
- Last date for filing declaration under Vivad Se Vishwas Scheme further extended to Feb 28, 2021This is the fourth time that the deadline of the scheme has been extended- first from March 31, 2020, to June 30, 2020, secondly to Decembe...
- Govt extends last date for availing direct tax dispute resolution scheme till December 31Further, where arrears relate to disputed interest or penalty only, then 25% of the amount is to be paid by March 31, 2021 and 30% after Ap...
- Vivad Se Vishwas scheme: Declarations can be filed even where notice of prosecution has been issuedIn the FAQ issued on March 4, the CBDT said that where notice for initiation of prosecution has been issued with reference to tax arrears, ...
- Parliament approves Vivad Se Vishwas BillParliament on Friday approved a bill that will provide an opportunity to taxpayers to settle their tax disputes by paying just due taxes wi...
- Authority of Advance Ruling disputes not within Vivad Se Vishwas ambitCBDT issued a set of 55 questions and answers on Thursday to clarify various aspects of the tax amnesty scheme, which allows taxpayers to s...
- 'Vivad se Vishwas' scheme: CBDT to review pendency of appealsThe officials said a video conference-based interaction will be undertaken by the CBDT member in-charge with all regional chiefs of the dep...
- CBDT to collect data on direct tax cases in high courts for 'Vivad se Vishwas' schemeThe scheme, proposed by Finance Minister aims to settle and see a finalisation of 4.83 lakh direct tax cases pending at various appellate f...
- 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 ...
- Direct tax dispute resolution scheme kicks off todayIt allows for settlement of cases pending in various courts, tribunals, arbitration or mediation under the Bilateral Investment Protection ...
- 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 ...
- Government exempts debt mutual funds from new tax for a short periodEarnings from investments in debt mutual funds on units sold between April 1 and July 10 this year have been exempted.
- TDS due date extended till March 31 for govt deductorsThe Revenue Department has extended the due date of filing TDS and TCS for 2012-13 and 2013-14 till March 31 in case of government deductor...
- Government-Vodafone talks focus on interest waiverIf government waives off both interest and penalty, the latter for not deducting tax, Vodafone's tax liability will fall to a little less t...
- CBDT bats for penalty waiver in retro tax cases; boost for Vodafone?CBDT has recommended waiver of penalties in cases where tax laws are applied retrospectively, two government officials familiar with the de...
- CBDT may waive off interest, penalty on retrospective tax: ChidambaramCBDT is considering issuing a circular waiving interest & penalty on taxes cos may have to pay as a result of the controversial retrospecti...
- End to Vodafone tax row in sight as interest, penalties on retrospective tax may goCBDT is likely to moot a proposal to exempt companies caught in the retrospective tax net from paying interest & penalties.
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