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Latest Articles in cbdt

CBDT Claims Rs 880-Crore Concealed Income Detected After Survey On Leading Manpower Provinding Firm

The CBDT said the survey operation found that 'even though the emoluments of new employees added were more than Rs 25,000 per month, the assessee has been wrongfully claiming deduction under section 80JJAA by excluding certain components of emoluments of such employees to fit into the eligible emoluments limit'.

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CBDT Claims Rs 880-Crore Concealed Income Detected After Survey On Leading Manpower Provinding Firm

The company, Quess Corp Limited, has refuted the charge, saying it was extending full cooperation to the department and that it has not received any claims to date.

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Over 24K Responses Filed Under E-Proceedings, 40K Itrs Filed Daily On New Portal: CBDT

The corrective measures are being taken based on feedback from taxpayers, tax professionals and representatives of ICAI to provide taxpayers with a smooth e-filing experience

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A Month Into Launch, Glitches Still Mar New I-T Portal; Dept Says Engaged With Developer

The I-T department said presently, users are reporting some issues related to non-availability of Income Tax Return 3, 5, 6 and 7 and rectification functionality, issues in ITR filing, e-verification or login to the portal in certain cases or technical issues in filing of certain statutory forms.

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I-T Dept Issues Refunds Worth Rs 37,050 Cr Till July 5

Personal income tax refund stood at Rs 10,408 crore, while that of corporates was Rs 26,642 crore.

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I-T Dept Extends Deadline For Manual Filing Of Forms Related To Foreign Remittances Till July 15

As the new I-T portal faced technical issues after its launch on June 7 and users complained of glitches, the department had allowed manual filings of Form 15CA/15CB (required for foreign remittances) with banks till June 30.

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Biz Need Not Deduct TDS On Share/Commodity Purchases Via Exchanges: CBDT

The CBDT has also clarified that only those entities having turnover from the business of more than Rs 10 crores in the preceding financial year would be required to deduct TDS at the time of purchase of goods over Rs 50 lakh.

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Nineteen Top IRS Officers Posted In IT Department Reshuffle

The income tax department under the CBDT is responsible for collection of revenue under the direct taxes category that includes personal income tax and corporate tax.

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Tax Portal Glitches: ICAI Makes Presentations To Finmin Officials, Infosys Representatives

Institute of Chartered Accountants of India (ICAI) said officials from CBDT and Infosys were very receptive to the issues being conveyed by it.

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New Income Tax E-Filing Website Launched

Taxpayers will be able to proactively update their profile to provide certain details of their income, including salary, house property and business/profession, which will be used in pre-filling their ITR in the new web portal.

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Charges Allocated Among New CBDT Members

Newly-appointed member and 1985-batch Indian Revenue Service (IRS) officer Anuja Sarangi has been allocated the administration and faceless assessment scheme charge

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CBDT Chairman Mody's Tenure Ends; Mohapatra Given Additional Charge

Official sources said an order appointing Mohapatra as regular CBDT chairman could be issued in the coming days by the prime minister-headed Appointments Committee of the Cabinet (ACC).

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Govt Appoints 3 New CBDT Members

An order issued by the Appointments Committee of the Cabinet (ACC) named 1985 batch officers of the Indian Revenue Service Anu J Singh, J B Mohapatra and Anuja Sarangi to the board.

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I-T Dept Issues Refunds Worth Rs 25,301 Cr So Far This Fiscal

CBDT issues refunds of over Rs 25,301 crore to more than 15.45 lakh taxpayers between 1st April, 2021 to 24th May, 2021

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Govt Extends FY21 ITR Filing Deadline For Individuals Till Sep 30

The CBDT eased by a month till July 15, 2021, the deadline for issuing Form 16 by employers to employees.

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