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Total 901 results found. Search for [ central board of direct taxes ]

Results 1 to 21 of 901
July 3, 2020
The Income Tax department issued tax refunds at a speed of 76 cases per minute from April 8 to June 30th, 2020. The refunds were issued electronically and have been directly deposited into the bank accounts of taxpayers

New Delhi, June 30, 2020
Presently tax is levied only on the differential of fair market value (FMV) and actual purchase price, if the house property is acquired at a price lower than the circle rate

Naveen Kumar
June 29, 2020
If you do not take timely action to save this TDS deduction you will have to wait for more than a year to file your ITR next year and then wait for few more months to get the refund

June 28, 2020
Further, blind, deaf and dumb or orthopedically handicap employees can also claim ad-hoc exemption of transport allowance of Rs 3,200 per month while computing salaried income

June 25, 2020
The government has extended income tax returns (ITR) filing deadline for FY 2019-20 to November 30, 2020, from July 31

Dipak Mondal
New Delhi, June 24, 2020
The deadline for filing of income tax returns for 2019-20 has been extended from 31 July to 30 November 2020

June 6, 2020
The ITR forms 1 and 4 can be filed online either by downloading excel or Java utility whereas, other ITR forms will be available soon

New Delhi, May 31, 2020
All ITR forms, including Sehaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7, and Form ITR-V, will have separate space for mentioning investments made during quarter that can be availed as exemptions or deductions

May 29, 2020
It will also assist the taxpayers to identify and take corrective action, in case any incorrect information/ detail is reported in Form 26AS

New Delhi, May 28, 2020
The allotment process is paperless and an electronic PAN (e-PAN) is issued to the applicants free of cost

Dipak Mondal
New Delhi, May 27, 2020
Tax regime needs greater stability, predictability and less litigation

New Delhi, May 22, 2020
Income-tax refund of Rs 14,632 crore to 15,81,906 assesses and corporate tax refund amounting to Rs 11,610 crore to 1,02,392 assesses have been processed during this period, CBDT said

Mudit Kapoor
May 18, 2020
Fiscal impact, or cost to government, of the relief package for coronavirus - touted to be worth Rs 20.97 lakh crore - is in the range of Rs 1.5- Rs 3.08 lakh crore, according to top ratings agencies

Dipak Mondal
New Delhi, May 14, 2020
The government has decided to reduce the rates of Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) by 25 per cent of their existing rates as part of the stimulus package

Dipak Mondal
New Delhi, May 8, 2020
Finance Ministry further said a circular would be issued excluding the period of stay of these individuals up to the date of normalisation of international flight operations, for determination of the residential status for FY21

Prasanna Mohanty
May 6, 2020
In the post-industrial democratic era, they have benefited immensely from the public provisioning of health and education that produces quality labour, infrastructure, natural resources, tax incentives, loan write offs (NPAs), bailouts, stimulus packages, and much more. Yet increasingly they use tax havens, shell companies and other tools to evade and avoid paying back

Dipak Mondal
April 27, 2020
\"Several representations were received by the board with regards to difficulty in implementation of reporting view of the global pandemic due to COVID-19 virus and requested for deferring the applicability of the above provisions,\" the CBDT said

Dipak Mondal
New Delhi, April 26, 2020
The report has suggested a 40 per cent tax on super rich to tackle drastic fall in revenue owing to coronavirus outbreak

Dipak Mondal
April 21, 2020
CBDT said that such communications are just a request for seeking an update response from the assessee for the proposed adjustment of refund with the outstanding demand

April 19, 2020
The required changes have been initiated by the CBDT so that taxpayers could take benefits of their investments and transactions from April 1 to June 30 while filing their income tax returns for FY20

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