CBDT
New ITR forms for AY 2021-22 notified: Check what changed and how it 'minimises' compliance burden
Fri, Apr 02, 2021
Keeping minimum change and with the view to minimise compliance burden, The Central Board of Direct Taxation (CBDT) has notified new income tax return forms — ITR-1 to ITR-7 — for the assessment year 2021-22, the ministry of finance said in a statement
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Income Tax: Important ITR filing message for you for assessment year (AY) 2020-21 (fiscal year 2019-20)
Sun, Dec 27, 2020
The Income Tax Department has confirmed that as many as 3.97 crore taxpayers have already filed their income tax returns for assessment year (AY) 2020-21 (fiscal year 2019-20) till December 24.
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Income Tax refunds alert! Important ITR message from CBDT - What I-T return filers should know
Thu, Dec 17, 2020
Income Tax Refunds: In a major development, the income tax department has said that it has issued refunds of over Rs 1.48 lakh crore to more than 1.02 crore taxpayers till December 14.
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Income Tax alert! Big decision taken under 'Vivad Se Vishwas' scheme - All you need to know as a taxpayer
Sun, Dec 06, 2020
'Vivad Se Vishwas' scheme provides for settlement of disputed tax, disputed interest, disputed penalty or disputed fees in relation to an assessment or reassessment order on payment of 100 per cent of the disputed tax and 25 per cent of the disputed penalty or interest or fee.
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ITR Last Date: CBDT again extends last date for Income Tax Return filing for AY 2019-20; check new deadline
Wed, Sep 30, 2020
ITR Last Date: CBDT has once again extended the deadline for Income Tax Return (ITR) filing for the Assessment year or AY 2019-20. The new deadline for the ITR filing for AY 2019-20 is 30th November 2020.
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Income Tax Department Alert! CBDT issues clarification on TDS, TCS norms applicable from 1st October
Wed, Sep 30, 2020
The Central Board of Direct Taxes (CBDT) has issued a detailed clarification in regard to the new TDS and TCS norms set to become applicable from tomorrow i.e. 1st October 2020.
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CBDT clarifies on 1% TDS on e-commerce transactions
Wed, Sep 30, 2020
Providing clarification on the 1 per cent tax deducted at source (TDS) on e-commerce transactions, the CBDT on Tuesday said that that the payment gateway will not be required to deduct the tax under section 194-0 of the Income-Tax Act on a transaction, if the tax has been deducted by the ecommerce operator under the section concerned of the Act, on the same transaction
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CBDT takes major step to simplify tax process, launches Faceless Appeals; know how taxpayers will benefit!
Fri, Sep 25, 2020
The Income Tax Department today launched Faceless Income Tax Appeals under which all income tax appeals will be decided in a faceless manner, according to a government release. The Central Board of Direct Taxes (CBDT) which launched this service has made provisions of faceless settlements under this faceless ecosystem
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NOTICE! Important Income Tax alert for taxpayers - Know complete details here
Wed, Sep 23, 2020
To deal with the irregularities in income tax payment, the tax department has started taking stern actions against the offenders. The Income Tax Department has started sending notices on non-payment of taxes or irregularities. The notices are being sent for big and small amounts Zee Business’ Brajesh K. Mishra has the full report
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Introduce faceless assessment in indirect tax regime, demand textiles exporters
Mon, Aug 17, 2020
A small and medium textiles exporters' association has asked the government to introduce 'faceless assessments and faceless appeals' in the indirect tax regime as well so that exporters' interaction with GST officials could be eliminated. The income tax department on Thursday amended its e-assessment scheme to align it with faceless assessment
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