World
CBDT releases the fifth annual APA report
The Advance Pricing Agreement (APA) programme of CBDT is one of its foremost initiatives for promoting an investor-friendly and non-adversarial tax regime in India. […]
CBDT
Finance
IT Department aims to spread tax literacy among children
Moving beyond text-based literature, awareness seminars, and workshops, the Central Board of Direct Taxes (CBDT) has adopted a novel approach to spread tax literacy through ‘learn by play’ methods. […]
Finance
Amrit Mahotsav Iconic Week of Ministry of Finance concludes
Finance Minister Nirmala Sitharaman releases a series of innovative communication and outreach products for CBDT; DFS renews its vow to serve the people through the release of a music video “The Pledge” […]
Finance
Closing Ceremony of AKAM Iconic Week of MOF to be held
‘Dharohar’ – the National Museum of Customs & GST to be dedicated to the nation by Finance Minister Nirmala Sitharaman
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Finance
CBDT extends due dates for electronic filing
CBDT extends due dates for electronic filing of various Forms under the Income-tax Act, 1961 […]
Finance
CBDT to validate UDIN generated from ICAI portal for Tax Audit Reports
The Institute of Chartered Accountants of India, in its gazette notification dated 2nd August 2019, had made a generation of UDIN from ICAI website www.icai.org mandatory for every kind of certificate/tax audit report and other attests made by their members as required by various regulators. This was introduced to curb fake certifications by non-CAs misrepresenting themselves as Chartered Accountants. […]
Finance
Faceless Appeals launched by CBDT today- Honoring The Honest
The Income Tax Department today launched Faceless Income Tax Appeals. Under Faceless Appeals, all Income Tax appeals will be finalised in a faceless manner under the faceless ecosystem with the exception of appeals relating to serious frauds […]
Finance
CBDT observes 160th Income Tax day
The Central Board of Direct Taxes (CBDT) and all its field offices across India today observed the 160th anniversary of Income Tax Day. […]
Finance
CBIC & CBDT sign MoU to facilitate smoother bilateral exchange of data
A Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) today, for data exchange between the two organisations. […]
Business
CBDT e-campaign on Voluntary Compliance of Income Tax for FY 2018-19 from 20th July
The Income Tax Department is all set to start an e-campaign on voluntary compliance of Income Tax for the convenience of taxpayers from Monday, the 20th of July, 2020. […]
Finance
CBDT refunds Rs. 71,229 crore
The Central Board of Direct Taxes (CBDT) has issued refunds worth Rs 71,229 crore in more than 21.24 lakh cases upto 11th July, 2020, to help taxpayers with liquidity during COVID-19 pandemic, since the Government’s decision of 8th April, 2020 to issue pending income tax refunds at the earliest. […]
Finance
CBDT and SEBI sign MOU for data exchange
A formal Memorandum of Understanding (MoU) was signed today between the Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) for data exchange between the two organizations. […]
Finance
Govt Clarifies on the merging of CBDT and CBITC
Government of India has put an end to all rumours concerning the proposal to merge the Central Board of Direct Taxes and Central Board of Indirect Taxes and Customs […]
Finance
IT Dept Refunds Rs. 62,361 crore to more than 20 lakh taxpayers
In pursuance to the Government’s decision vide Press Note dated April 8th, 2020 to issue pending income tax refunds in order to help taxpayers in a COVID-19 pandemic situation, the Income Tax Department has issued tax refunds at a speed of 76 cases per minute from 8th April to 30th June, 2020. […]
Finance
CBDT issues Tax Refunds amounting to Rs. 26,242 crores
CBDT issues Tax Refunds amounting to Rs. 26,242 crore issued since 1st April, 2020 […]
Finance
CBDT decided to implement new procedure for approval/ registration/notification of certain entities
The CBDT decided to implementation of a new procedure for approval/ registration/notification of certain entities shall be deferred to 1st October, 2020. […]