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CBDT issues FAQs on Vivad se Vishwas Scheme, 2020
Updated : 6 years ago IST
New Delhi [India], Mar 5 (ANI): The Central Board of Direct Taxes (CBDT) on Thursday issued Frequently Asked Questions (FAQs) on the Direct Tax 'Vivad Se Vishwas' scheme to provide clarity about the various provisions contained in the scheme.
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TDP alleges YSRCP attempting to malign image of Naidu in connection with I
Updated : 6 years, 1 month ago IST
Guntur (Andhra Pradesh) [India], Feb 14 (ANI): Telugu Desam Party (TDP) on Thursday alleged that the YSRCP government in the state is trying to malign the image of N Chandrababu Naidu and his party.
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Mutual funds to deduct TDS only on dividend payments, not on capital gains
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 4 (ANI): Mutual funds will have to deduct TDS at 10 per cent only on dividend payments and not on the income which is in the nature of capital gains, according to the clarification by the Central Board of Direct Taxes (CBDT) on Tuesday.
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Broader tax base will allow tweaking of tax rates: CBDT
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 4 (ANI): As the tax base gets broader, there is a chance of tweaking the tax rates as there is a large portion of unorganised sector which is outside the tax framework, Chairman of the Central Board for Direct Taxes (CBDT) Pramod Chandra Mody said on Tuesday.
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Budget proposes wide-ranging facilitation measures in direct tax regime
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): The Union Budget 2020-21 has proposed a new scheme called 'Vivad Se Vishwas' (no dispute but trust) which aims at reducing litigations in the direct taxes payments.
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Interaction for 2 vacant CBDT board member posts to be held on Jan 23
Updated : 6 years, 1 month ago IST
New Delhi [India], Jan 18 (ANI): Interaction for the selection of candidate for two vacant posts in the Central Board of Direct Taxes (CBDT) board, the top policy-making body of the Income Tax Department, will be held on January 23, sources said.
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Revenue Dept resets GST collection aim to Rs 1.15 lakh cr for next 2 month
Updated : 6 years, 1 month ago IST
New Delhi [India], Jan 17 (ANI): The Department of Revenue (DoR) has revised its revenue collection aim for GST to Rs 1.15 lakh crore for each of next two months and Rs 1.25 lakh crore for the last month of the financial year 2019-20 with specific focus on fraudulent input tax credit (ITC) c
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CBDT relaxes eligibility conditions for filing of I-T return Form-1, Form-
Updated : 6 years, 2 months ago IST
New Delhi [India], Jan 9 (ANI): The Central Board of Direct Taxes (CBDT) has granted relaxation in eligibility conditions for filing of Income-tax Return Form-1 (Sahaj) and Form-4 (Sugam) for Assessment Year 2020-21.
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Date of linking Aadhaar and PAN extended till March 2020
Updated : 6 years, 2 months ago IST
New Delhi [India], Dec 31 (ANI): The date of linking Permanent Account Number (PAN) with Aadhaar has been extended from December 31, 2019, to March 31, 2020.
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Bengaluru, Mumbai CBDs to see rise in office rentals on resurgent IT deman
Updated : 6 years, 2 months ago IST
Mumbai (Maharashtra) [India], Dec 25 (ANI): Office market in India is expected to be robust despite sluggish economic growth with international property consultant Knight Frank projecting an increase in office rentals at central business districts (CBDs) of Bengaluru and Mumbai in 2020.
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CBDT extends due date for filing of ITRs, TARs for all assesses of Jammu a
Updated : 6 years, 2 months ago IST
New Delhi [India], Dec 24 (ANI): The Central Board of Direct Taxes (CBDT) on Tuesday extended the due date for filing of income tax returns and tax audit reports to January 31, 2020 for all categories of assesses in the union territories of Jammu and Kashmir, and Ladakh.
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IT dept conducts search operations on stock brokers, traders across countr
Updated : 6 years, 3 months ago IST
New Delhi [India], Dec 7 (ANI): The Income Tax Department carried out search and survey operations on certain share-brokers/traders for their alleged involvement in facilitating accommodation of profits/loss through reversal trades in illiquid stock options in Equity Derivative Segment and a
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