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CBDT
No action for short deduction of TDS if PAN linked with Aadhaar by May 31, says I-T department
As per income tax rules, if a Permanent Account Number (PAN) is not linked with biometric Aadhaar, TDS is required to be deducted at double the applicable rate.
24 April 2024, 14:24 IST
No action for short deduction of TDS if PAN linked with Aadhaar by May 31, says I-T department
24 April 2024, 14:24 IST
I-T dept gives trusts, institutions time till March 31 to file audit reports in correct form
Income of any fund or institution or trust or any university or other educational institution or any hospital is exempt from income tax subject to fulfilment of certain conditions.
05 March 2024, 15:59 IST
I-T dept gives trusts, institutions time till March 31 to file audit reports in correct form
05 March 2024, 15:59 IST
Direct tax collection reaches 80% of revised FY-24 target at Rs 15.60 lakh crore
Direct tax collection, net of refunds, till February 10 of FY24 stands at Rs 15.60 lakh crore, which is 20.25 per cent higher than the net collections in the corresponding period last year.
11 February 2024, 13:49 IST
Direct tax collection reaches 80% of revised FY-24 target at Rs 15.60 lakh crore
11 February 2024, 13:49 IST
Income tax filers more than double to 7.78 crore in 10 years
The cost of collection, however, has decreased from 0.57 per cent of total collection in FY14 to 0.51 per cent of the total collection in the previous fiscal.
23 January 2024, 16:28 IST
Income tax filers more than double to 7.78 crore in 10 years
23 January 2024, 16:28 IST
CBDT clarifies applicability of TDS liability for e-retailers on ONDC
As Open Network for Digital Commerce is a new initiative of the Department for Promotion of Industry and Internal Trade (DPIIT), the CBDT had received representations seeking clarity on who should be liable for Tax Deducted at Source (TDS) compliance under I-T laws.
29 December 2023, 08:29 IST
CBDT clarifies applicability of TDS liability for e-retailers on ONDC
29 December 2023, 08:29 IST
Cash seizures rise ahead of elections in five states
Chhattisgarh, Telangana, Rajasthan, Madhya Pradesh and Mizoram are going to polls in November.
15 November 2023, 13:32 IST
Cash seizures rise ahead of elections in five states
15 November 2023, 13:32 IST
Govt extends tenure of CBDT Chairman Nitin Gupta by 9 months
Gupta (60), a 1986-batch Indian Revenue Service (IRS) officer of the Income-tax department, was appointed the Central Board of Direct Taxes (CBDT) head in June last year.
30 September 2023, 10:43 IST
Govt extends tenure of CBDT Chairman Nitin Gupta by 9 months
30 September 2023, 10:43 IST
Tax officials resolve to firmly deal with fraudulent deductions to claim TDS refunds
The All India Annual TDS (Tax Deducted at Source) Conference, a gathering of senior tax officials, also discussed how to enhance capacity of those administering TDS provisions across the country.
13 September 2023, 17:22 IST
Tax officials resolve to firmly deal with fraudulent deductions to claim TDS refunds
13 September 2023, 17:22 IST
CBDT says over 6 crore ITR filings processed for assessment year 2023-24
Of the total ITRs filed, about 14 lakh are yet to be verified by taxpayers while the department has sought further information from another 12 lakh taxpayers
05 September 2023, 15:34 IST
CBDT says over 6 crore ITR filings processed for assessment year 2023-24
05 September 2023, 15:34 IST
CBDT notifies rules for valuing rent-free accommodation perquisite provided by employers
The Finance Act, 2023, had brought in an amendment for the purposes of calculation of 'perquisite' with regard to the value of rent-free or concessional accommodation provided to an employee, by his employer. The rules for calculating perquisites have been notified now.
03 September 2023, 10:18 IST
CBDT notifies rules for valuing rent-free accommodation perquisite provided by employers
03 September 2023, 10:18 IST
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