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No special drive to reopen cases with mismatch in HRA claims: CBDT refutes media reports

April 08, 2024 10:40 pm

The statement also highlighted the objective of the e-verification which was to alert cases of mismatches of information for FY21 only without affecting others.

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I-T dept invites comments on draft rules for valuing startup investment by non-residents

May 27, 2023 3:11 am

Suggestions/comments have been invited from stakeholders and general public on the draft rules, which can be sent to ustpl2@nic.in latest by June 5, 2023, the CBDT said in a tweet. The rules would be effective from April 1, 2023.

GST's half-a-decade journey: Tech usage to plug revenue leaks, Rs 1.3 lakh cr monthly tax 'new normal'

June 30, 2022 2:41 pm

On July 1, 2017, at midnight, a countrywide Goods and Services Tax (GST) was implemented, replacing 13 cessers and 17 local levies including VAT, service tax, and excise duty.

PAN, Aadhaar linking deadline extended

September 18, 2021 1:06 am

In a statement, the Central Board of Direct Taxes (CBDT) said to address the hardship being faced by various stakeholders on account of the COVID-19 pandemic, the timeline has been extended which will ease compliance.

Income-tax return filing, audit deadlines extended for AY22

September 10, 2021 1:52 am

The deadline for income tax returns for individuals whose accounts are not to be audited has been extended for the second time this year to December 31 from the earlier extended deadline of September 30.

Coronavirus: Income Tax Employees Federation asks CBDT for longer window to process tax returns

March 23, 2020 3:14 pm

Apart from the Vivad se Vishwas scheme, the deadline for filing the revised income tax returns for 2019-20 is on March 31. The deadlines for various GST returns also fall between March 20 and March 31.

CBDT retires 21 tax officers on charges of graft, bribery

November 27, 2019 4:47 am

More than half of the officers have been charged by CBI in cases of “illegal gratification”, sources said. One of them was caught accepting a bribe of Rs 65,00,000, while another official is accused of having been a part of criminal conspiracy.

One should file ITR within the due dates specified by the Income Tax Department.(Representational)

Opting for new tax structure: No MAT credit, additional depreciation benefits

October 03, 2019 3:25 am

Earlier, the tax rate for companies with annual sales over Rs 400 crore was 30 per cent (exclusive of surcharge and cess).

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CBDT raises monetary threshold limit for I-T dept for filing appeals

August 09, 2019 5:33 am

The Board has not provided information on reduction of cases due to higher threshold. After last year’s increase, the CBDT has said that the I-T Department would withdraw 34 per cent of cases stuck in tribunal, 48 per cent of those stuck in high courts and 54 per cent in the Supreme Court.

India ratifies convention to check tax evasion

July 03, 2019 4:53 am

The board said that the MLI will modify India’s tax treaties to curb revenue loss through treaty abuse and base erosion and profit shifting strategies by ensuring that profits are taxed where substantive economic activities generating the profits are carried out.

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