CBDT

CBDT allows tax officials to waive or reduce interest due from assessee

Under the Income Tax Act Section 220 (2A), if a taxpayer fails to pay the tax amount specified in any demand notice, he/she is liable to pay interest at 1 per cent per month for the period of delay in making the payment.

05 November 2024, 09:08 IST

CBDT allows tax officials to waive or reduce interest due from assessee

05 November 2024, 09:08 IST

CBDT forms committee for I-T Act review; 'sunset' clauses to be eliminated

22 August 2024, 09:52 IST

CBDT forms committee for I-T Act review; 'sunset' clauses to be eliminated

22 August 2024, 09:52 IST

Review of Income Tax Act to be completed in given timeframe: CBDT Chairman

He said that the board has taken up the assignment in mission mode and the task, though challenging and transformative, will be completed in the given timeframe.

21 August 2024, 17:36 IST

Review of Income Tax Act to be completed in given timeframe: CBDT Chairman

21 August 2024, 17:36 IST

Identify high-value cash transactions at hotels, hospitals; pursue arrear demands: CBDT to I-T dept

The CBDT recently issued an annual action plan dossier called the central action plan (CAP) 2024-25.

17 August 2024, 10:52 IST

Identify high-value cash transactions at hotels, hospitals; pursue arrear demands: CBDT to I-T dept

17 August 2024, 10:52 IST

Tax practitioners urge CBDT to extend ITR filing deadline to August 31

In a memorandum, AIFTP national president Narayan Jain and Direct Tax Representation Committee chairman S M Surana said floods in several states have severely impacted the process of filing returns.

30 July 2024, 04:17 IST

Tax practitioners urge CBDT to extend ITR filing deadline to August 31

30 July 2024, 04:17 IST

IT Act review attempt to make it simpler for taxpayers: CBDT Chairman

The Act that started its journey in 1922 contains 298 sections, 23 chapters and other provisions in its current form of 1961.

25 July 2024, 11:16 IST

IT Act review attempt to make it simpler for taxpayers: CBDT Chairman

25 July 2024, 11:16 IST

Ravi Agrawal appointed new chairman of CBDT

He takes over from Nitin Gupta, a 1986-batch Indian Revenue Service officer, whose extended tenure as the chairman ends on June 30.

29 June 2024, 18:26 IST

Ravi Agrawal appointed new chairman of CBDT

29 June 2024, 18:26 IST

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