CBDT
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.
More >
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.
More >
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).
More >
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.
More >
Income Tax Dept proposes to seek more details on foreign donations from trusts
Tue, May 21, 2019
The Central Board of Direct Taxes (CBDT) has issued a draft notification to amend Form 10B of the Income-tax Rules, 1962 by proposing changes in the audit report form to be filled by trusts and institutions.
More >
I-T department proposes new norms for taxing MNCs in India
Fri, Apr 19, 2019
The income tax department on April 18 proposed change in the methodology for taxing multinational companies, including digital firms, having permanent establishment in India by giving weightage to factors like domestic sales, employee strength, assets and user base.
More >
