Under sub-Section (1) of Section 139 of the Income-Tax Act, 1961 (the Act) for the Assessment Year 2022-23, the CBDT had extended the due date to November 7, 2022, for the category of assessees for whom the due date falls on October 31, 2022.
New Delhi [India], September 17 (ANI): The Central Board of Direct Taxes (CBDT) has issued revised guidelines with regards to the compounding of offences under the Income Tax Act, 1961, in conformity with the government's policy of facilitating Ease of Doing Business and decriminalisation of offences.
New Delhi [India], August 3 (ANI): The Income Tax Department has raided 44 premises spread across Delhi NCR and Haryana belonging to several companies engaged in healthcare services by running hospitals, the Central Board of Direct Taxes (CBDT) said on Wednesday.
New Delhi [India], March 31 (ANI): The Central Board of Direct Taxes (CBDT) has entered into 62 Advance Pricing Agreements (APA), which seeks to provide certainty to taxpayers in the field of transfer pricing through an agreement in advance, in the financial year 2021-22, the Union Finance Ministry said on Thursday.
New Delhi [India], February 4 (ANI): The proposed digital rupee to be issued by the Reserve Bank of India (RBI) starting from the next financial year will not only give a boost to the digital economy but also help curb the menace of black money, a senior finance ministry official said.
New Delhi [India], February 3 (ANI): The imposition of 30 per cent tax on proceeds of digital assets, as announced in the Union Budget 2022-23, will lead to huge tax collections as the turnover of the top 10 crypto exchanges in the country is around Rs 1 lakh crore, said JB Mohapatra, Chairman, Central Board of Direct Taxes (CBDT).
New Delhi [India], February 2 (ANI): The thrust of tax proposals announced in the Union Budget 2022-23 is to simplify processes, reduce litigation and provide a stable tax regime, JB Mohapatra, Chairman, Central Board of Direct Taxes (CBDT) said on Wednesday.
The Union Budget is the most important executive document published by the Government of India every year. In its annual Union Budget, the central government provides details of how much money it expects to receive from various sources and how it intends to spend the money. Union Budget 2022-23: Direct and Indirect Taxes Explained; Here’s […]
New Delhi [India], January 27 (ANI): The Central Board of Direct Taxes (CBDT) has issued Rs 1.62 lakh crore income tax refunds to over 1.79 crore taxpayers till January 24, 2022 of the current financial year, official data showed on Thursday.