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Central Board Of Direct Taxes Cbdt
Business  /  Published 12.05.22

Closer tabs on bank dealings

The government has made quoting of PAN or Aadhaar number mandatory if the cash deposits and withdrawals in a financial year exceeds Rs 20 lakh and in case of opening of a current account or cash credi...
By Our Special Correspondent in New Delhi

Business  /  Published 02.04.22

New IT forms seek more disclosures

The income tax department has notified forms for filing IT returns for 2021-22 fiscal, requiring more disclosures, including details of investment in unincorporated entities and income from overseas r...
By Our Special Correspondent in New Delhi

Business  /  Published 19.03.22

More time to file 22% tax form

Many Indian businesses which claimed the benefit of lower rate in their corporate tax returns have not filed the specified form separately in this regard, leading to hardships. The CBDT said in a sta...
By R. Suryamurthy in New Delhi

Business  /  Published 19.01.22

Flawed IT reassessment notices quashed

Taxpayers who received a flurry of reassessment notices last year can breathe a huge sigh of relief after several high courts have struck these down because of the dodgy manner in which the taxman iss...
By Pinak Ghosh in Calcutta

Business  /  Published 12.01.22

More time for ITR filing

The government on Tuesday extended till March 15 the deadline for corporates to file income tax returns for the fiscal ended March 2021. The deadline to file tax audit report and transfer pricing aud...
By Our Special Correspondent in New Delhi

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Business  /  Published 10.01.22

ICAI seeks waiver of late fine

The Institute of Chartered Accountants of India (ICAI) has made a representation to the Central Board of Direct Taxes (CBDT) to waive off penalty for filing tax audit reports for the assessment year 2...
By A Staff Reporter in Calcutta

Business  /  Published 31.12.21

Over 1000 cr penalties on foreign mobile companies

The Income Tax Department has detected alleged unaccounted income worth over Rs 6,500 crore after it recently raided some "foreign-controlled" mobile communication and handset manufacturing ...
By Our Bureau, PTI in New Delhi

Business  /  Published 30.12.21

Faceless appeal rules relaxed

The income-tax department has brought in changes to the existing faceless appeal scheme easing the process for taxpayers wanting a personal hearing through video conference while appealing against a t...
By Our Special Correspondent in New Delhi

Business  /  Published 07.12.21

MapMyIndia geotags tax payers in govt project

C.E. Info Systems Limited, which operates under the MapmyIndia brand and in the international market under the Mappls brand, on Monday said it is working on projects with the Central Board of Direct T...
By A Staff Reporter in Calcutta

Opinion  /  Published 11.11.21

Tale of a secret brotherhood

In the essay, “Of wealth”, Albert Einstein wittily critiques the role of money and philanthropy saying, “Money only appeals to selfishness and always tempts its owners irresistibly t...
By Jayant Pankaj , Shivam Mogha


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