ITR forms yet to be notified by Income Tax Department: Will it lead to ITR filing deadline extension?ITR filing deadline 2025: The income tax department has not yet notified the income tax return forms. As the one month is about to pass, wi...
29 Apr, 2025, 05.12 PM IST
CBDT extends revised ITR filing deadline to Jan 15The CBDT has extended the deadline for filing income tax returns for residents to January 15, 2025, from December 31, 2024, following a Bom...
31 Dec, 2024, 09.49 PM IST
Govt to exceed FY25 direct tax collection target: CBDT chiefIndia's Central Board of Direct Taxes (CBDT) chairman announced expectations of exceeding the current fiscal year's direct tax collection t...
18 Nov, 2024, 05.11 PM IST
NRIs without PAN can manually file Form 10F till March 31, 2023, to avoid TDS on payments receivedThe Central Board of Direct Taxes (CBDT) has issued a notification on December 12, 2022 offering one-time relied to the non-resident taxpay...
05 Jan, 2023, 03.41 PM IST
Bombay High Court directs CBDT to clarify government’s stand on ‘Faceless Appeal Scheme’The Chamber of Tax Consultants has challenged the constitutional validity of provisions dealing with the ‘Faceless Appeal Scheme’.
03 Dec, 2021, 07.30 PM IST
Budget 2020: Tax settlement scheme not open to launderersThe scheme won't cover cases related to overseas assets, or prosecutions under PMLA, benami or I-T Act.
31 Dec, 2020, 04.42 PM IST
Taxmen are using the lockdown to build stronger cases against defaultersCBDT asked officers to not issue notices for now, but collect data that will help settle pending litigation.
10 May, 2020, 06.27 PM IST
Govt extends validity of lower withholding tax orders by 3 months till June due to COVID-19The Central Board of Direct Taxes (CBDT) in its order gave a major relief to taxpayers whose application for lower or nil deduction of TDS/...
31 Mar, 2020, 04.50 PM IST
Linking I-T officer appraisals to favourable rulings invalid: Bombay HCSays additional incentives to CIT (appeals) for pro-dept rulings is impermissible.
23 Apr, 2019, 11.03 AM IST
‘CBDT acting against taxpayers’ interest’In its action plan for the current financial year, the CBDT has offered incentives by way of performance credits to CITs-A for each ‘qualit...
14 Aug, 2018, 09.49 AM IST
CBDT signs 2 more APAs with taxpayers in SeptemberThe two APAs signed during September, 2017 pertain to automobile and healthcare consulting sectors.
06 Oct, 2017, 09.57 PM IST
CBDT resolves Rs 5,000 crore tax disputes under MAPThe countries with which the cases have been resolved are the US, Japan, the UK and China, the Central Board of Direct Taxes (CBDT) in a st...
16 Feb, 2016, 01.17 PM IST
New ITR forms: Special team to re-draft format after criticismThe official said the new and simplified ITR forms are expected to be notified "soon" after it is cleared by the Finance Ministry so that t...
27 Apr, 2015, 10.04 PM IST
Rollback of advance pricing agreements: CBDT should consider extending deadlineAPA refers to an agreement between a taxpayer and the tax authorities on the pricing of an existing or proposed transaction between related...
27 Mar, 2015, 12.37 PM IST
Non-salaried may get to file IT returns by November 30Over the past two days, the Bombay high court heard the writ petition filed by the Chamber of Income-Tax Consultants (CITC).
26 Sep, 2014, 11.12 AM IST
CBDT makes it mandatory to register mobile numbers and e-mail IDs for taxpayersCBDT has made it mandatory for taxpayers to register mobile numbers & mail IDs for filing e-returns so that IT dept can communicate directl...
21 Jul, 2014, 09.59 AM IST
- Advance Pricing Agreement rules notified
Govt has announced the much awaited Advance Pricing Agreement rules which will allow companies to seek guidance on pricing of goods and ser...
31 Aug, 2012, 05.33 PM IST