Search For "cbdt"
Govt reduces charges for TDS default from multiple rates of 2,3 and 5 pc t
Updated : 1 year, 5 months ago IST
The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the process easier and more accessible for taxpayers, according to a statement by Ministry of Finance.
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CBDT issues Revised Guidelines for compounding offences under IT Act
Updated : 1 year, 5 months ago IST
In conformity with the Finance Minister's budget announcement on simplification and rationalization of compounding procedure, The Central Board of Direct Taxes (CBTD) issued Revised Guidelines for Compounding of offences under the Income-tax Act, 1961 on Thursday.
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India's net direct tax collections up by 18.35 pc to almost Rs 11.26 lakh
Updated : 1 year, 5 months ago IST
India's net direct tax collection for the financial year 2024-25 has seen a significant surge, with an increase of 18.35 per cent to almost Rs 11.26 lakh crore year on year, as of 10 October, the data from the Central Board of Direct Taxes (CBDT) shows.
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CBDT forms committee to comprehensively review Income-tax Act
Updated : 1 year, 5 months ago IST
The Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act), as was announced in the Union Budget 2024-25 by Finance Minister Nirmala Sitharaman.
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REC raises CBDT notified Zero Coupon Bonds of Rs 5000 crore
Updated : 1 year, 5 months ago IST
REC Limited, a 'Maharatna' company under the administrative control of the Ministry of Power, has successfully raised CBDT notified Zero Coupon Bonds (ZCB) of Rs 5,000 crore at the effective yield of 6.25 per cent per annum.
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Central Board of Direct Taxes extends deadline for filing audit reports of
Updated : 1 year, 5 months ago IST
The Central Board of Direct Taxes (CBDT) has announced an extension for the filing of various audit reports for the financial year 2023-24.
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CBDT notifies 'Direct Tax Vivad Se Vishwas Scheme, 2024' to resolve pendin
Updated : 1 year, 6 months ago IST
This scheme, aimed at resolving pending income tax disputes, will come into effect from October 1. It seeks to provide an efficient framework for taxpayers to settle their outstanding appeals, streamlining the resolution process for various tax-related disputes.
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Direct tax collection soars, gross collections surge by 21% to reach at Rs
Updated : 1 year, 6 months ago IST
India's direct tax net collection for the financial year 2024-25 has seen a significant surge, with an increase of 21.48 per cent as of 17 September this year, the data from the Central Board of Direct Taxes (CBDT) shows.
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CBDT issues clarification in respect of Income-tax clearance certificate
Updated : 1 year, 7 months ago IST
In an official statement, the Ministry of Finance said dismissed the reports, which said that all Indian citizens must obtain income-tax clearance certificate (ITCC) before leaving the country.
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CBDT issues Central Action Plan 2024-25 to resolve high-priority tax deman
Updated : 1 year, 7 months ago IST
CAP 2024-25 calls for quick resolution of high-priority tax demand cases, identification of above Rs 2 lakh cash transactions at high-risk sectors like hotels and luxury retailers and widening of the tax base.
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Direct tax collections 24 pc higher at Rs 8.1 lakh crore
Updated : 1 year, 7 months ago IST
The gross direct tax collections by the government so far in 2024-15 were 24 per cent higher on a yearly basis at Rs 8.13 lakh crore, data released by the Central Board of Direct Taxes (CBDT) showed on Monday. During the same period last year, the gross tax collections were Rs 6.55 lakh cror
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Provisions of TDS/TCS in case of death of deductee or collectee relaxed
Updated : 1 year, 7 months ago IST
The government has relaxed provisions of TDS/TCS in the event of death of deductee/collectee before the linkage of PAN and Aadhaar card.
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