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<p>The CBDT has introduced some new provisions in order to keep a check on tax revenue leakage. Section 194R, added to Finance Act 2022, states that TDS is applicable if an individual, doctor or a social media influencer takes any benefit from a company that is over Rs 20,000 in a financial year. Here is all you need to know.</p>


New TDS Rule: How is Section 194R going to affect doctors and social media influencers? 

<p>The income tax department has come out with detailed disclosure requirements for TDS deductions for virtual digital assets, under which date of transfer and mode of payment will have to be specified</p>


CBDT notifies TDS disclosure requirements for cryptos, virtual digital assets

<p>Dhanlaxmi Bank on Thursday said it has signed a memorandum of understanding with Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) for collection of taxes.</p>


Dhanlaxmi Bank signs MoU with CBDT and CBIC for tax collection

<p>The government has exempted tour operators from collecting taxes from non-resident Indians visiting India and booking their overseas tour package from the country.</p>


Tax relief on tour operators: Govt exempts 5% TCS on overseas tour packages sold to NRIs visiting India

<p>India’s capital market forum Association of National Exchanges Members of India (ANMI) has urged the market regulator to extend the timelines of seeding PAN with Aadhaar in the interest industry and investors</p>


ANMI urges SEBI to extend timelines for seeding PAN with Aadhaar in investors, industry interest

<p>The income tax department on Wednesday said income tax refunds worth over Rs 1.92 lakh crore have been issued to more than 2.24 crore taxpayers so far this fiscal.</p>


Income Tax: Department issues refunds of over Rs 1.92 lakh crore till March 15

<p>Keen to keep government deficit within stated targets, the finance ministry will from March 15 start daily monitoring of the revenue receipts, including tax collections, as well as expenditure.</p>


  FinMin to monitor revenue, expenditure on daily basis from Mar 15 to keep fiscal deficit in check

<h2>&nbsp;The Central Board of Direct Taxes (CBDT) has issued a refund of more than Rs 1,83,579 crore to more over 2.09 crore taxpayers for the time period between 1 April, 2021 till 28 February, 2022.</h2>

<p>&nbsp;</p>


Income Tax: CBDT issues refunds of over Rs 183,579 cr to over 2 cr taxpayers

<h2>The Central Board of Direct Taxes (CBDT) has issued income tax refunds of Rs 1.71 lakh crore to nearly two crore taxpayers in the current financial year till February 14, 2022.</h2>

<p>&nbsp;</p>


Income Tax: CBDT issue Rs 1.71 lakh cr income tax refunds till February 14 for FY2021-22

<p>Also, if a taxpayer files an updated return and do not pay the additional taxes then the return would be tendered invalid.</p>


Taxpayers can update Income Tax Returns only once in an assessment year, confirms CBDT Chairman JB Mohapatra

ITR Refunds: Over Rs 1.54 lakh crore Income Tax refunds issued till January 10

<h2>The Central Board of Direct Taxes (CBDT) has extended due dates for filing audit reports and Income Tax Returns (ITRs) for 2021-22. The decision has been taken considering the difficulties due to the COVID-19 situation.</h2>


Income Tax: Relief to taxpayers! ITR filing, audit reports filing last date extended - Check new due dates

<p>"A total of 4,43,17,697 #ITRs have been filed up to 25.12.2021 including 11,68,027 #ITRs having been filed on the day itself," the IT department tweeted</p>


Over 4.43 cr income tax returns for FY21 filed till December 25

<p>If an individual&nbsp;makes high-value cash&nbsp;transactions, there is a strong possibility that he/she might get a&nbsp;notice&nbsp;from&nbsp;Income&nbsp;Tax&nbsp;Department. The different cash-related&nbsp;transactions&nbsp;include banks, mutual fund houses, brokerages, and property registrars</p>


Received notice from Income Tax department? Did you make any of these transactions? Expert suggests this checklist

<p>Central Board of Direct Taxes Chairman J B Mohapatra inaugurated the Taxpayers' Lounge to increase awareness about various services provided by the department to taxpayers and to facilitate compliance with the various income-tax rules and procedures</p>


I-T dept sets up Taxpayers' Lounge at IITF till November 27

<h2>Central Board of Direct Taxes has issued refunds of over Rs 1,15,917 crore to more than 98.90 lakh taxpayers from April 1 to November 8 this year.</h2>


CBDT issues refunds of Rs 1,15,917 crore

<h2>The income tax department has expanded the list of high-value financial transactions which would be available to taxpayers in their form 26AS by including details of mutual fund (MF) purchases.</h2>


CBDT expands Form 26AS info list; includes foreign remittances, MF buys

<h2>The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 92,961 crore to more than 63.23 lakh taxpayers in the current financial year till October 18, 2021.</h2>


CBDT issues Rs 92,961 crore in refunds to more than 63.23 lakh taxpayers 

<p>The income tax department has exempted certain non-residents and foreign investors from filing Income Tax Return (ITR) from 2020-21 onwards, a move aimed at easing compliance burden.</p>


CBDT exempts certain non-residents, foreign investors from filing ITR FY21 onwards

<h2>Refunds amounting to more than Rs 80,000 crore have been issued to the taxpayers during the current financial year, the CBDT said.</h2>


Income tax refunds of Rs 80,086 cr issued during this fiscal: CBDT

cbdt

 CBDT (Central Board of Direct Taxes) Chairman Ravi Agarwal has clarified that the department is currently investigating “high-value” and “red-flagged” refund claims due to suspected incorrect deductions. 

Income Tax Refund Delays: CBDT says pending dues to be cleared by December; here’s how to check your refund status

India will roll out freshly designed income-tax return forms under the new Income Tax Act, 2025, with the Finance Ministry set to notify them by January 2026. The updated forms and rules will come into force from April 1, 2026, giving taxpayers time to adjust to the new system.

New ITR forms to be notified by January 2026: Know when they take effect

The extension applies to assessees covered under clause (a) of Explanation 2 to sub-section (1) of Section 139 of the Income-tax Act, 1961 — a category that typically includes companies, firms, and individuals whose accounts are required to be audited.

CBDT extends ITR and audit report filing deadlines for AY 2025–26

CBDT received representations from various professional associations, including Chartered Accountant bodies, highlighting certain difficulties being faced by taxpayers and practitioners in the timely completion of audit reports. 

Income Tax Audit: CBDT extends deadline for filing various audit reports to October 31

CAG, CBDT sign MoU to strengthen audit cooperation and tax administration

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New TDS Rule: How is Section 194R going to affect doctors and social media influencers?

CBDT notifies TDS disclosure requirements for cryptos, virtual digital assets

Dhanlaxmi Bank signs MoU with CBDT and CBIC for tax collection

Tax relief on tour operators: Govt exempts 5% TCS on overseas tour packages sold to NRIs visiting India

ANMI urges SEBI to extend timelines for seeding PAN with Aadhaar in investors, industry interest

Income Tax: Department issues refunds of over Rs 1.92 lakh crore till March 15

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