CBDT
Income Tax: This is what Modi government wants from you - Open to suggestions!
Tue, Apr 07, 2020
If you think your suggestions for tax regime can help Modi government to implement 'Vivad Se Vishwas' scheme in a better manner for the development of India, then Central Board of Direct Taxes (CBDT) Chairman P C Mody chief has an important development for you.
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IMPORTANT! CBDT clarification against Income Tax misinformation - Top things to know
Thu, Feb 13, 2020
The Income Tax department through its Twitter handle @IncomeTaxIndia has posted about a clarification issued by CBDT with respect to certain misinformation which is being circulated in social media pertaining to individual tax filers.
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Annual direct tax collection target of Rs 13.35 lakh crore! Strategy meeting done - Here are details
Sat, Jan 04, 2020
Revenue Secretary Ajay Bhushan Pandey held a high-level meeting with senior officials of CBIC and CBDT on Friday to strategise and streamline the field functions in order to achieve the direct tax and the GST target of Rs 1.10 lakh crore each in the next two months and Rs 1.25 lakh crore in the f
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Hefty fine for not using digital payments by Jan 31, 2020
Tue, Dec 31, 2019
RuPay and UPI are among the prescribed mode of payment for digital transactions without any Merchant Discount Rate (MDR). The MDR is the percentage of the digital transaction that a merchant pays to banks. This cost is most often passed on to the customers.
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ITR filing: Income Tax department extends due date for these Union Territories
Wed, Dec 25, 2019
In a big relief to the common people in Kashmir Valley, the Central Board of Direct Taxes (CBDT) has extended the due date for filing of income-tax returns in the Union Territories of Jammu & Kashmir and Ladakh, to January 31, 2020.
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Digital boost: Cash withdrawals over this limit to attract tax from Sept 1
Sat, Aug 31, 2019
CBDT received queries from people through social media on the applicability of this section on withdrawal of cash from April 1 to August 31, 2019, following which it issued a statement clearing the doubts.
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Income Tax Return (ITR) Warning! Problems with changes made in ITR-2 and ITR-3 forms? CBDT reacts to a storm on social media
Wed, Jul 17, 2019
Income Tax Return (ITR) Alert!: The CBDT reacted to storm on social media on Tuesday and announced that there were no changes made in any of the Income Tax Return (ITR) rules, including ITR-2 and ITR-3 forms.
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Money Guru: Filing LTCG on stocks in IT returns to be tricky
Tue, Jun 18, 2019
On 14 June, the Central Board of Direct Taxes (CBDT) relaxed the rules on how to disclose long-term capitals gains (LTCG) from equity-oriented investments while filing income-tax returns (ITR) for assessment year 2019-20 (AY20).
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ITR filing: CBDT amends Form 15H of Income-tax Rules 1962; senior citizens to benefit
Sat, May 25, 2019
The Central Board of Direct Taxes (CBDT) has recently revised the norms related to Form 15 H, which is applicable to persons aged above 60 years. The new rule will consider the provision of Section 87A, according to CBDT notification.
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