Page 11 - Cbdt

RBI authorises Karur Vysya Bank to collect direct taxes on behalf of CBDT

Karur Vysya Bank said it has commenced the integration process with the Central Board of Direct Taxes to collect direct taxes on its behalf, following the approval it received from the Reserve Bank

Centre orders multi-agency investigation into Pandora Papers leak

I-T dept may evoke Black Money Act; ED to examine FEMA violation

Cases pertaining to 'Pandora Papers' to be investigated, says Centre

To ensure effective investigation of these cases, government said it'll also proactively engage with foreign jurisdictions for obtaining information in respect of relevant taxpayers/entities

Retro tax framework: Companies to indemnify govt against any future claims

Indemnity bond to be furnished by the firm and other interested party

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

This figure includes income tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 cases

IT dept claims multi-crore tax evasion after raids on Gujarat diamond group

The CBDT Saturday said the Income Tax Department has detected tax evasion worth crores of rupees in raids on a leading diamond manufacturer and exporter of Gujarat.

Advance tax collection up 52% in September quarter, shows CBDT data

Current mop-up 14.6% higher than the 2019-20 level of Rs 2.21 trillion

CBDT chairman questions delay in time-barred assessment proceedings

I-T dept to dispose of 35K cases by mth-end; Rs 10K-crore demand may be raised

Raise refund reissue claim if tax rebate is delayed, say experts

Do this only if there are no remarks or reasons given by I-T division for withholding it

Loss-making PSUs more attractive for buyers after income tax tweak

Investor must retain at least 51% stake to take the benefit

Central Board of Direct Taxes sweetens Air India privatisation offer

The Central Board of Direct Taxes (CBDT) has exempted the airliner from deducting tax collected at source (TCS)

ITR filing extension: No relief to taxpayers on interest liability

ITR filing has increased to 320,000 daily in September 2021

Things to keep in mind while filing your income tax return this year

Ensure you file your returns ahead of time, in case you need to make changes

Strategic divestment to get tax deduction for previous losses

However, this relaxation would cease to exist after the private company stops holding 51 per cent in the erstwhile public sector company after strategic disinvestment

ITR filing deadline for FY21 extended to December 31, 2021

The income tax return (ITR) filing deadline for FY 2020-21 for individuals has already been extended, from the normal deadline of July 31, 2021

Income tax portal's tech issues being progressively addressed: CBDT

The income tax department on Wednesday said a number of technical issues on the new ITR portal are being progressively addressed and 1.19 crore ITRs for 2020-21 fiscal year have been filed so far.

CBDT allows taxpayers an opportunity to file application for settlement

CBDT on Tuesday said that taxpayers can file applications for settlement by September 30, 2021 before the Interim Board if they satisfy certain conditions.

CBDT refunds over Rs 67,401 cr till Aug 16 to nearly 2.4 million taxpayers

CBDT has issued refunds of over Rs 67,401 crore to more than 2.4 million taxpayers between April 1 and August 16, the Income Tax Department of India said on Saturday.

Govt appoints J B Mohapatra as Chairman, Central Board of Direct Taxes

Mohapatra is a 1985-batch Indian Revenue Service (Income Tax) officer

60-65 small- to mid-sized companies on I-T radar for TDS mismatch

These companies had reported healthy advance tax payments