Search For "direct taxes"
I-T department refunds Rs 62,361 crore during COVID-19 lockdown days: CBDT
Updated : 5 years, 8 months ago IST
New Delhi [India], July 3 (ANI): The Central Board of Direct Taxes on Friday announced that the Income Tax Department has issued refunds for over 20.44 lakh cases amounting to more than Rs 62,361 crore.
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Fall in direct tax collection on expected lines and temporary: CBDT
Updated : 5 years, 9 months ago IST
New Delhi [India], June 7 (ANI): The Central Body of Direct Taxes (CBDT) on Sunday informed that net direct tax collection for the FY 2019-20 was less than that in comparison to FY 2018-19 but highlighted that this fall in the collection of direct taxes is on "expected lines" and is "tempora
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Tax refunds worth Rs 26,242 crore to tax assesses since April 1: CBDT
Updated : 5 years, 10 months ago IST
New Delhi [India], May 22 (ANI): The Central Board of Direct Taxes (CBDT) has issued tax refunds worth Rs. 26,242 crore to 16,84,298 tax assesses since 1st April to 21st May 2020.
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CBDT amends Rule 44G of Income-tax Rules 1962
Updated : 5 years, 10 months ago IST
New Delhi [India], May 8 (ANI): Central Board of Direct Taxes on Thursday has amended Rule 44G of Income-tax Rules, 1962 for making an application to invoke the mutual agreement procedure in Form no. 34F.
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3 IRS officers chargesheeted, stripped of charge for publishing unauthoris
Updated : 5 years, 10 months ago IST
New Delhi [India], April 27 (ANI): The Central Board of Direct Taxes (CBDT) has issued the chargesheet to three senior IRS officers under Rule 14 of CCS (CCA) Rules, 1965, for the violation of CCS (Conduct) Rules, 1964, and has divested them of their current responsibilities.
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E-mails for facilitating faster tax refund can't be misconstrued as harass
Updated : 5 years, 11 months ago IST
New Delhi [India], April 21 (ANI): The Central Board of Direct Taxes (CBDT) on Tuesday said that its email seeking clarification from all those who are entitled to get tax refund but also have outstanding tax to pay cannot be misconstrued as harassment.
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CBDT revising I-T Return forms to enable taxpayers to avail benefits of ti
Updated : 5 years, 11 months ago IST
New Delhi [India], April 19 (ANI): In order to enable taxpayers to avail full benefits of various timeline extensions granted by the Government of India due to COVID19 pandemic situations, the Central Board of Direct Taxes (CBDT) is revising the return forms for the Fiscal Year 2019-20 (Asse
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As a relief to MSMEs, I-T refunds worth Rs 5,204 cr issued in last 10 days
Updated : 5 years, 11 months ago IST
New Delhi [India], April 17 (ANI): The Central Board of Direct Taxes (CBDT) on Friday said that income tax refunds to nearly 8.2 lakh small businesses -- proprietors, firms, corporate and trusts -- worth Rs 5,204 crore have been issued since April 8.
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Over 10.2 lakh refunds worth Rs 4,250 crore issued in a week: CBDT
Updated : 5 years, 11 months ago IST
New Delhi [India], April 15 (ANI): The Central Board of Direct Taxes (CBDT) said on Wednesday it has issued over 10.2 lakh refunds totalling Rs 4,250 crore as on April 14.
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CBDT says collector of tax won't be considered assessee
Updated : 5 years, 11 months ago IST
New Delhi [India], April 13 (ANI): The Central Board of Direct Taxes (CBDT) on Monday issued a circular, clarifying that the collector of tax will not be considered assessee in default under certain conditions.
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CBDT clarification on issue of certificates for collection of TDS, TCS
Updated : 5 years, 11 months ago IST
New Delhi [India], April 10 (ANI): To mitigate the hardships to taxpayers, Central Board of Direct Taxes (CBDT) on Thursday provided clarification on orders under Section 119 of the Income-Tax Act, 1961 issued relating to the issue of certificates for lower deduction/collection of TDS/TCS.
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I-T Dept extends deadline for filing TDS exemption forms
Updated : 5 years, 11 months ago IST
New Delhi [India], April 4 (ANI): The Income Tax Department on Saturday extended the deadline for individuals to submit forms 15G and 15H for the current fiscal by three months to claim exemption from Tax Deducted at Source (TDS) on interest income amid the COVID-19 crisis.
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