Direct Taxes

Government extends annual GST return filing date by one month to October 31

Along with compliance on GSTR-9 and 9C, taxpayers were also required to follow e-invoicing regulations.

published on : 30th September 2020

CBDT issues refunds of Rs 1.11 lakh crore

The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1 lakh crore in more than 32.07 lakh cases so far, including Rs 79,517 crore of corporate tax refunds. 

published on : 24th September 2020

EC refers false affidavit allegations against Uddhav Thackeray, NCP MP Supriya Sule to CBDT

Till June this year, the EC used to ask complainants to approach courts directly on issues of alleged false affidavits.

published on : 21st September 2020

I-T surveys to be conducted only by investigation wing, TDS directorate: CBDT

'The survey action u/s 133A of the Act being an intrusive action, it is expected that the same should be carried out with utmost responsibility and accountability,' the CBDT said.

published on : 13th August 2020

I-T refunds worth Rs 71,229 cr issued to 21.24 lakh taxpayers during April 8-July 11

The Central Board of Direct Taxes (CBDT) further asked taxpayers to provide immediate response to emails of the department for quick processing of their refunds. 

published on : 17th July 2020

No proposal to merge CBDT, CBIC, says Centre; refutes media report as 'baseless, unverified'

As per the Ministry of Finance, a leading newspaper published a news item which stated that the Government is considering such a proposal.

published on : 6th July 2020

I-T exemption on buying shares at discounted price in firms under insolvency proceedings

The move is likely to help companies like Yes Bank, IL&FS or those who are undergoing insolvency proceedings.

published on : 30th June 2020

Employees allowed to claim I-T exemption on conveyance allowance under new tax regime: CBDT

The Central Board of Direct Taxes (CBDT) has now amended Income Tax rules to prescribe certain exemptions which can be availed by the employees.

published on : 27th June 2020

FY19 ITR filing deadline extended till July 31; PAN-Aadhaar linkage till March 2021

The CBDT issued a notification on June 24, 2020 to provide further relief to taxpayers by extending various time limits of compliances, a statement said.

published on : 24th June 2020

Central Board of Indirect Taxes and Customs cracks down on GST evaders

The move came after GST intelligence detected tax evasion of Rs 225 crore by a pan masala company.

published on : 17th June 2020

CBIC launches e-Office to automate internal file handling

The launch of the application marks a fundamental change in internal office procedures that are so far based on manual handling of files and paper movement.

published on : 15th June 2020

ITC refund to be allowed for certain supplies even if purchase invoice not uploaded: CBIC

GSTR-2A is a purchase return auto-generated by the GST system based on the transaction between a business and its supplier.

published on : 11th June 2020

Govt hikes import duty on bamboo to 25 percent

The 25 per cent customs duty rate shall now uniformly apply to any import of bamboo, including by traders, Central Board of Indirect Taxes and Customs said.

published on : 9th June 2020

CBDT notifies revised Form 26AS, to now include real estate, share transaction details

The revamped Form 26AS will now come into effect from June 1, the Central Board of Direct Taxes (CBDT) said.

published on : 29th May 2020

Central Board of Indirect Taxes clears Rs 11,052 cr GST refund claims since April 8 

In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown".

published on : 25th May 2020
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