central board of direct taxes

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

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

CBDT notifies forms for firms to avail lower corporate taxes

Companies opting for these new tax rates will have to forego all exemptions and incentives.

published on : 14th February 2020

'Vivad se Vishwas' scheme offers fair deal to settle past direct tax disputes: CBDT chief

In case it is just the interest and the penalty which is in dispute, the taxpayer will have to pay 25 per cent of the disputed amount till March 31, and subsequently, it will be 30 per cent.

published on : 4th February 2020