Page 12 - Cbdt

CBDT extends due dates for e-filing of various Income Tax forms

The Finance Ministry said that the move comes on the back of difficulties reported by taxpayers and other stakeholders.

CBDT releases draft regulations for withdrawal of retro tax demands

The draft rules released by the tax department call for a declaration by the companies to "irrevocably withdraw, discontinue and not pursue" any legal proceedings

Govt set to extend key ITR filing dates amid portal tech glitches

Over 8 mn returns for FY21 have been filed so far, 14% of returns filed for FY20

I-T dept must not operate in isolation: CBDT chairman J B Mohapatra

'There is always a time and context when an amendment is brought in', said J B Mohapatra

CBDT issues Rs 49,696-cr refunds to 2.2 mn taxpayers from Apr 1-Aug 16

Income tax refunds of Rs 14,608 crore issued in 21,50,668 cases and corporate tax refunds of Rs 35,088 crore issued in 1,24,732 cases, the CBDT informed.

'Faceless' authority proposes restructuring in Income-Tax department

Calls for merger of supervisory officers at CIT level and above

Defer income-tax filing if you have to pay a penalty, say analysts

Do so once the glitches on the new tax portal have been ironed out

CBDT extends due dates for electronic filing of various forms under I-T Act

CBDT has extended the due dates for electronic filing of various forms under the Income-tax Act, 1961 considering the difficulties reported by the taxpayers and other stakeholders

Found Rs 2,200-cr fictitious transactions: CBDT after raids on media group

While the statement did not name the group, official sources identified it to be the Bhopal headquartered Dainik Bhaskar group

Infosys admitted glitches in I-T portal, resolving them: Finance Ministry

More than 700 e-mails detailing over 2,000 issues in the portal were received, says minister.

Over 400 top-level posts lie vacant in the Income Tax department

Seventy-three of the 91 chief commissioner positions are lying vacant, with some of them for more than a year

CBDT extends I-T deductions on donations made to Patanjali research trust

In a shot in the arm for yoga guru Ramdev-run Patanjali group, the Income Tax Department has extended tax deductions on donations made to Patanjali Research Foundation Trust for five years.

Businesses need not deduct TDS on share purchases via exchanges: CBDT

Businesses had said there are practical difficulties in implementing the provisions of Tax Deduction at Source (TDS) contained in a rule.

GST: A turning point?

The recent upsurge in revenues offers the prospect of the country breaking out of the long-stagnant tax-to-GDP ratio

CBDT Chairman Mody's tenure ends; Mohapatra given additional charge

J B Mohapatra, a 1985-batch Indian Revenue Service officer, was on Monday given the additional charge as CBDT chairman after the extended tenure of incumbent P C Mody ended, a government order said

I-T dept goes after hospitals taking cash payment to treat Covid patients

Response from Minister of State for Finance Anurag Thakur and I-T department is carried at the end of the story

Showing PAN-Aadhaar for Covid treatment not practical: Experts

It would have been more effective, they say, if the exemption in cash payment had been given without any caveats and for a longer period

Net direct tax mop up exceeds revised estimates at Rs 9.45 trn in FY21

Direct tax collection target set in the revised estimates (RE) for 2020-21 was Rs 9.05 lakh crore.

Glitch-free faceless assessment addressed industry fears: P C Mody

Of the 57,985 cases picked for assessment during its pilot last year, orders have been passed in 46,822 cases

New ITR forms aligned with changes in Finance Act: Check details here

Presumptive taxation provisions allow companies below a threshold to not keep detailed accounts of books.