Search For "taxes"
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
Read More
CBIC processed over 12K refund applications involving claims worth Rs 5575
Updated : 5 years, 11 months ago IST
New Delhi [India], April 18 (ANI): The Central Board of Indirect Taxes and Customs (CBIC) on Friday said that it has processed 12923 refund applications of taxpayers involving claims worth Rs 5575 crore since March 30, 2020.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
FMCG major Marico expects significant decline in revenue due to COVID-19 l
Updated : 5 years, 11 months ago IST
Mumbai (Maharashtra) [India], April 9 (ANI): Fast-moving consumer goods major Marico expects a decline in revenue and earnings before interest, taxes, depreciation and amortisation (EBITDA) during the fourth quarter of FY20 due to national lockdown to contain the outbreak of COVID-19.
Read More
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.
Read More
CBDT eases process of issuing certificates for collection of TDS, TCS
Updated : 5 years, 11 months ago IST
New Delhi [India] Mar 31 (ANI): The Central Board of Direct Taxes (CBDT) on Tuesday issued notification easing the process of issuing certificates for lower rate/nil deduction/collection of TDS or TCS with reference to the financial year 2020-21.
Read More
Rebate in taxes on export of garments, made-ups to continue
Updated : 6 years ago IST
New Delhi [India], Mar 25 (ANI): The Union Cabinet has approved the continuation of Rebate of State and Central Taxes and Levies (RoSCTL) from April 1 onward until such time that the scheme is merged with the Remission of Duties and Taxes on Exported Products (RoDTEP), said Union Minister
Read More
IRS officers KM Prasad and SK Gupta appointed CBDT board members
Updated : 6 years ago IST
New Delhi [India], Mar 25 (ANI): The Appointment Committee of the Cabinet has approved the appointment two Indian Revenue Service (IRS) officers as members of the Central Board of Direct Taxes (CBDT).
Read More
Coronavirus: SC stays orders preventing action against non-payment of taxe
Updated : 6 years ago IST
New Delhi [India], Mar 20 (ANI): The Supreme Court on Friday stayed Kerala and Allahabad High Court orders, which directed banks, financial institutions, income tax department and GST authorities to defer recovery proceedings or coercive measures till April 6 in the states in light of the
Read More