Search Results for Tag : cbdt
Notifications & Circulars
CBDT notifies Income Tax Return Forms for Assessment Year 2018-2019(05.04.2018)
The Central Board of Direct Taxes (CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18.....
Tags : CBDT, Forms, Income tax
CBDT inks the 300th Advance Pricing Agreement(01.10.2019)
The Central Board of Direct Taxes (CBDT) has signed the 300th Advance Pricing Agreement (APA) during the month of September, 2019. This is a significa.....
Tags : CBDT, Advance Pricing, Agreement
DIN system of CBDT launched(01.10.2019)
The Documentation Identification Number (DIN) system of Central Board of Direct Taxes (CBDT) has come into existence from today with the generation of.....
Tags : DIN system, CBDT, Launch
Shri Sushil Chandra takes over as the Chairman, Central Board of Direct Taxes (CBDT)(01.11.2016)
Shri Sushil Chandra, IRS (1980 Batch), today took over as the Chairman, Central Board of Direct Taxes (CBDT). He succeeds Ms Rani A Nair who superannu.....
Tags : Appointment, Chairman, CBDT
CBDT Initiatives for reducing tax litigation(15.12.2015)
The Central Board of Direct Taxes released a Circular revising monetary limits for filing of appeals by the Department with the objective of reducing .....
Tags : Cbdt, tax appeal, revised limits
CBDT sets up dedicated structure for delivering and monitoring taxpayer services(07.03.2016)
The Central Board of Direct Taxes NewsCBDT Notifies New Norms for Approving Panel under GAAR(19.09.2019)
Central Board of Direct Taxes (CBDT) has notified Rules 10UD & 10UE for the purpose of making reference to Approving Panel under Section 144BA(4) of t.....
Tags : CBDT, GAAR
ITAT: Income Tax Officials Bound to Follow CBDT Circular(08.07.2022)
ITAT: Income Tax Officials Bound to Follow CBDT Circular
Income Tax Appellate Tribunal (ITAT), Cochin Bench has held that the circulars issued by the.....
Tags : ITAT, Income Tax Officials, CBDT Circulars
CBDT Issues Circular Regarding Compliance Check Functionality for TDS(14.06.2022)
Central Board of Direct Taxes (CBDT) has issued a circular relating to Compliance Check Functionality for Sections 206AB and 206CCA of Income Tax Act,.....
Tags : CBDT, Compliance Check
CBDT Designates Officers for Faceless Assessment(14.06.2022)
Central Board of Direct Taxes (CBDT) has issued a notification designating the income tax officers for the faceless assessment under section 144B of t.....
Tags : CBDT, Faceless Assessment
CBDT Releases Excel Offline Utility for Filing ITR-5(16.06.2022)
Central Board of Direct Taxes (CBDT) has released Excel Offline Utility dated June 14, 2022 for the preparation and filing of ITR-5.
Tags : CBDT, Excel Offline Utility, ITR-5
CBDT Issues Revised Guidelines of TDS on Perquisites(17.06.2022)
Central Board of Direct Taxes (CBDT) has issued revised guidelines on the issue of TDS on perquisites under Section 194R of the Income Tax Act, 1961.
Tags : CBDT, TDS, Perquisites
CBDT Opens Income Tax Portal for Income Tax Return Filing for The Year 2022-23(23.06.2022)
Central Board of Direct Taxes (CBDT) has enabled the function of filing of the income tax return for the year 2022-23.
Tags : CBDT, Income-Tax Return, 2022-23
CBDT Issues Guidelines on 1% TDS on Virtual Digital Assets from 1st July(23.06.2022)
Central Board of Direct Taxes (CBDT) has issued guidelines to levy one percent TDS on the virtual digital assets under Section 194S of the Income Tax .....
Tags : CBDT, Virtual Digital Assets, Income-Tax Act
CBDT Notifies New Depreciation Rates on Vehicles Purchased Between 23.08. 2019 to 31.03.2020(24.09.2019)
Central Board of Direct Taxes(CBDT) has notified new depreciation rates of 30% and 45% on vehicles purchased between 23.08.2019 to 31.03.2020. The rat.....
Tags : Central Board of Direct Taxes, CBDT, New Depreciation Rates
CBDT: No MAT Credit for Companies Opting for Lower Corporate Tax Rate(03.10.2019)
Central Board of Direct Taxes (CBDT) has issued a detailed circular that Minimum Alternate Tax (MAT) credit will not be available to a company that op.....
Tags : CBDT, MAT Credit
Delhi HC: No Recovery of IT Demand Relating to Issues Already Decided in Assessee’s Favour(04.08.2022)
Delhi High Court while upholding Central Board of Direct Taxes (CBDT) circular has quashed the recovery proceedings for the income tax (IT) demand rel.....
Tags : Delhi High Court, CBDT Circular, Recovery
CBDT Relaxes Eligibility Conditions for Filing of IT Return Form-1 and 4 for Assessment Year 2020-21(13.01.2020)
Central Board of Direct Taxes has granted relaxation to eligibility conditions for filing of Income Tax Return Form-1 (Sahaj) and Form-4 (Sugam) for t.....
Tags : CBDT, IT Return
CBDT Notifies New Communication Scheme(28.02.2018)
Central Board of Direct Taxes has notified a new centralised communication scheme for serving e-notices to income tax-payers as part of the Government.....
Tags : CBDT, Scheme
SC Directs CBDT to Decide on Income Tax Exemption to NRIs Within Three Weeks(11.02.2021)
Supreme Court has directed the Central Board of Direct Taxes (CBDT) to decide on income tax exemption to non-resident Indians (NRIs) within 3 weeks fo.....
Tags : SC, CBDT
CBDT Extends Due Date for Filing of IT Returns/Tax Audit Reports in Union Territories of J&K, Ladakh(01.11.2019)
Central Board of Direct Taxes (CBDT) has extended due date for filing of Income Tax Returns / Tax Audit Reports to 30th November, 2019 in respect of U.....
Tags : Central Board of Direct Taxes, CBDT,
CBDT Notifies PAN-Aadhaar Interchangeability(08.11.2019)
Central Board of Direct Tax has notified the amendments of over 100 forms and returns to provide for interchangeability between permanent account numb.....
Tags : CBDT, PAN
No Action Against ‘Start Up’s If Its Valuation Report of Unquoted Shares is Rejected: CBDT(08.02.2018)
Central Board of Direct Taxes (CBDT) has clarified that no action will be taken against Start Ups if its valuation report of unquoted shares is reject.....
Tags : CBDT, Start Ups
CBDT Extends Deadline for Compounding of Income Tax Offences(06.01.2020)
Central Board of Direct Taxes has extended the last date for taxpayers to avail a “one- time” facility to apply for compounding of income tax offences.....
Tags : CBDT, Income Tax Offences
CBDT Extends Deadline for Filing of Income Tax Returns for J&K and Ladakh(26.12.2019)
Central Board of Direct Taxes has again extended the deadline for filing of all kinds of income tax returns to January 31, 2020, in the newly-created .....
Tags : CBDT, Income Tax Returns
CBDT Launches Online Portal for Filing Complaints Regarding Tax Evasion(13.01.2021)
Central Board of Direct Taxes has launched an automated dedicated online portal on the e-filing website of the Department to receive and process compl.....
Tags : CBDT, Online Portal, Tax Evasion
Rules for Assessing Officers Tightened by CBDT(18.07.2016)
CBDT has made it more difficult for Assessing Officers to expand the scope of a limited scrutiny to a complete one. The guidelines issued by the autho.....
Tags : CBDT, Assessing Officer, Guidlelines
CBDT Issues Revised List of Entities Exempted from TDS(30.05.2017)
Central Board of Direct Taxes (CBDT) has issued revised list of entities which are exempted from payment of TDS that includes inter alia local authori.....
Tags : CBDT, TDS
CBDT to I-T Department: Keep Offices Open till Midnight on 30 September(16.09.2016)
Central Board of Direct Taxes (CBDT) has directed the Income Tax Department to keep its country-wide offices open till midnight on September 30 in ord.....
Tags : CBDT, I-T Department, IDS, September 30
CBDT Issues New Norms for Compounding of Offences(17.06.2019)
Central Board of Direct Taxes (CBDT) has issued new norms for compounding of offences under black money law. These will replace the old Guidelines. Th.....
Tags : CBDT, Compounding of offences
CBDT Extends Aadhaar-PAN Linking Deadline To 31 March, 2019(02.07.2018)
Central Board of Direct Taxes (CBDT) has extended deadline for linking Aadhaar with Permanent Account Number (PAN) till 31 March, 2019.
Tags : CBDT, Aadhaar, PAN
CBDT Notifies Income Tax Return Forms for AY 2019-20(05.04.2019)
Central Board of Direct Taxes (CBDT) has notified the income tax return forms for the Assessment Year 2019-20.
Tags : CBDT, Income Tax Return Forms, AY 2019-2020
CBDT: IBBI Eligible for IT Exemption on Grant in Aid, Fine, Fee, Interest Income(03.03.2023)
Central Board of Direct Taxes (CBDT) has notified that the Insolvency and Bankruptcy Board of India (IBBI) shall be eligible for the income tax exempt.....
Tags : CBDT, IBBI, Income-Tax Exemption
CBDT: 1% Tax at Source on Retail Sales of Motor Vehicles(09.06.2016)
Centre has decided to levy 1% tax collected at source (TCS) on motor vehicles purchased in ‘cash’, in the range of Rs 2-10 lakh. Also, any sale exceed.....
Tags : CBDT, tax collected at source
Bombay HC Sets Aside CBDT's 'Rewards' Plan(23.04.2019)
Bombay High Court has set aside that portion of CBDT's action plan that sought to incentivise commissioners of income tax appeals who pass 'quality' o.....
Tags : Bombay High Court, CBDT
Bombay HC Sets Aside CBDT's 'Rewards' Plan(23.04.2019)
Bombay High Court has set aside that portion of CBDT's action plan that sought to incentivise commissioners of income tax appeals who pass 'quality' o.....
Tags : Bombay High Court, CBDT
CBDT Notifies E-Assessment of Income Escaping Assessment Scheme 2022(31.03.2022)
Central Board of Direct Taxes (CBDT) has notified that the e-Assessment of Income Escaping Assessment Scheme, 2022 and Faceless Jurisdiction of Income.....
Tags : Central Board of Direct Taxes, CBDT, the e-Assessment, Income Escaping Assessment Scheme, 2022, artificial intelligence
CBDT Signs Advance Pricing Agreements (APAs) to Usher in Certainty in Taxation.(06.08.2015)
In an effort to usher in certainty in taxation, the CBDT signed a further two Advance Pricing Agreements (APA) with multi-national companies. It has s.....
Tags : advance pricing agreements, cbdt
Govt Empowers CBDT to Provide PAN Related Information to National Intelligence Grid(22.06.2017)
Central Government has issued a notification empowering CBDT to provide Permanent Account Number (PAN) related information to National Intelligence Gr.....
Tags : Central Government, CBDT, PAN
CBDT: GST Not to be Added for TDS Computation(20.07.2017)
CBDT has clarified that, where the recipient of a service is required to deduct tax at source (TDS) when making a payment to the supplier, the amount .....
Tags : CBDT, Goods and Service Tax
CBDT Issues Interim Action Plan for FY 2021-22(21.06.2021)
Central Board of Direct Taxes (CBDT) has issued the interim action plan for financial year 2021-22.
Tags : CBDT, Action Plan
CBDT Extends Due Date for Filing Income Tax Returns and Audit Reports to Oct 31st(09.10.2018)
Central Board of Direct Taxes (CBDT) has further extended due date for filing Income Tax Returns and Audit Reports to October 31st.
Tags : CBDT, Income Tax Returns
CBDT to Officials: Don't Pursue MAT Cases Against FIIs(04.09.2015)
Central Board of Direct Taxes (CBDT) has issued instructions to its officers not to raise any fresh demand and keep in abeyance notices sent to Foreig.....
Tags : CBDT,FIIs,MAT
Del. HC: ITAT’s Direction to Re-examine Issue by Referring to CBDT’s Circular Can’t be Disregarded(02.08.2024)
Delhi High Court has held that Income Tax Appellate Tribunal’s (ITAT) direction to re-examine the issue by referring to the circular issued by the Cen.....
Tags : Delhi High Court, ITAT, CBDT
CBDT: Aadhaar Mandatory For ITR From July 1, As SC Ordered Only Partial Relief(12.06.2017)
Central Board of Direct Taxes (CBDT) has clarified that for filing of tax returns and for obtaining Permanent Account Number (PAN), Aadhaar was compul.....
Tags : CBDT, Aadhaar, PAN
Non-Residents Need to Furnish Unique Number in Advance Ruling Forms: CBDT(18.07.2018)
Central Board of Direct Taxes (CBDT) has amended the Form for Advance Ruling wherein it was mandated that the non-residents have to furnish their uniq.....
Tags : CBDT, Advance Ruling, Forms
File All NCLT Petitions on Shell Firms by August: CBDT to IT Department(30.07.2018)
CBDT has directed the Income Tax Department to ensure filing all its petitions before the NCLT by next month to recover due taxes worth crores of rupe.....
Tags : CBDT, Shell Firms
ITAT, Mumbai: Circular Due to Difficulties in E-filing Software Can’t be Relied(11.04.2022)
Income Tax Appellate Tribunal, Mumbai has ruled that the private discretionary trust shall be treated as AoP and has rejected the plea of the assessee.....
Tags : Income Tax Appellate Tribunal, AoP, CBDT, software, private discretionary trust
CBDT Notifies Exclusion of Non-Fungible Token as Virtual Digital Asset(04.07.2022)
Central Board of Direct Taxes (CBDT) has notified that the Non-fungible token (NFTs) shall not be treated as Virtual Digital Assets for the purpose of.....
Tags : CBDT, NFT, Virtual Digital Assets
CBDT Launches ‘E-Nivaran’ to Resolve I-T Grievances(09.09.2016)
Central Board of Direct Taxes (CBDT) has launched ‘e-nivaran’ facility for online redressal of taxpayers’ grievances related to refunds, ITRs and PAN .....
Tags : CBDT, E-Nivaran