Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and for claiming TCS Credit of Minors in the Hands of Parents
CBDT Notifies Amendments in Income-tax Rules for Ease in Claiming Credit for TCS Collected/TDS Deducted for Salaried Employees and for claiming TCS Credit of Minors...
Frequently asked questions (FAQs) on provisions of the Direct Tax Vivad Se Vishwas (DTVSV) Scheme , 2024
CBDT issues Guidance Note 1/2024 in the form of frequently asked questions (FAQs) on provisions of the Direct Tax Vivad Se Vishwas (DTVSV) Scheme ,...
ITAT Members appointed Vice Presidents
5 ITAT Members appointed Vice Presidents for a period of 4 years or till attaining the age of 67 years whichever is earlier...
Transfers of 12 ITAT Members w.e.f 21.10.2024
Transfers of 12 ITAT Members w.e.f 21.10.2024...
Comprehensive review of the Income-tax Act, 1961
The Hon’ble FM in Budget 2024-25 announced a comprehensive review of the Income-tax Act, 1961 to simplify it for taxpayers, reduce disputes, and ensure greater...
CBDT clarifies provisions under Finance Act 2023 relating to donations made by a trust / institution to another trust / institution for purposes of application of income
Any trust or institution registered u/s 12AA or 12AB of the Income Tax Act 1961 is exempt, subject to the fulfilment of certain conditions Posted...
CBDT Press Release: Promoting Voluntary Compliance through e-Verification Scheme-2021
As part of the e-Verification Scheme-2021, Income Tax Department (ITD) is in the process of sending communication to taxpayers pertaining to ‘mismatch’ between the information...
CBDT Guidelines for compulsory selection of returns for Complete Scrutiny during the Financial Year 2022-23
F.No.225/ 81/2022/ITA-11 Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (ITA-II division) North Block, New Delhi, the2 September, 2022...
CBDT Notifications Clarify whether Gift card or vouchers, Mileage points, reward points, Subscriptions etc are taxable as Virtual Digital Assets
The law on taxation of Virtual Digital Assets (VDAs) under the Income-tax Act, 1961 has been ushered in by the Finance Act, 2022. Briefly, the...
E-assessment Scheme, 2019 | CBDT Notification
In its bid to curb corruption by making tax filing and their review faceless, the government has come out with e-assessment scheme, 2019 making it...