Central Board of Direct Taxes

Here’s how to see if your PAN and Aadhaar Card are linked online: Check step-by-step guide

Section 139AA of the Income Tax Act states that each and every person with PAN as on July 1, 2017 and is eligible to obtain Aadhaar, must link PAN with Aadhaar. If both the documents are not linked, then PAN will become inoperative. 

Jun 29, 2021, 15:24 PM IST

New income tax e-filing website’s features revealed: Check details

In a statement, the Central Board of Direct Taxes (CBDT) has revealed that the new income tax portal will have features like immediate processing of tax returns for the quick issue of refunds, interactive software for easier preparation of returns.

Jun 05, 2021, 22:32 PM IST

COVID-19 Impact: Govt extends timelines for tax compliance. Last date for filing ITR is now May 31

Income-tax return in response to notice under Section 148 of the Act, for which the last date of filing of return of income under the said notice is April 1, 2021, or thereafter, may be filed within the time allowed under that notice or May 31, 2021, whichever is later.

May 01, 2021, 15:25 PM IST

Income Tax refunds of Rs 98,625 crore issued to 26.2 lakh taxpayers in 5 months

This also includes personal income tax (PIT) refunds amounting to Rs 29,997 crore issued to 24,50,041 taxpayers and corporate tax refunds amounting to Rs 68,628 crore issued to over 1,68,421 taxpayers during this period.

Sep 02, 2020, 21:13 PM IST

Banks asked to refund charges collected for UPI, RuPay transactions after January 1

Banks are advised to immediately refund the charges collected, if any, on or after January 1, 2020.

Sep 01, 2020, 15:08 PM IST

New Form 26AS is faceless hand-holding of taxpayers, says CBDT

The changes in the new Form 26AS would also bring in further transparency and accountability in the tax administration.

 

 

Jul 18, 2020, 16:07 PM IST

CBDT refunds Rs 71,229 crore so far to help taxpayers during COVID-19

The CBDT has issued refunds worth Rs 71,229 crore in more than 21.24 lakh cases up to 11th July 2020, to help taxpayers with liquidity in Covid-19 pandemic days.

Jul 18, 2020, 01:38 AM IST

CBDT, SEBI reach understanding on data exchange on automatic, regular basis

The understanding will facilitate the sharing of data and information between SEBI and CBDT on an automatic and regular basis. The MoU marks the beginning of a new era of cooperation and synergy between SEBI and CBDT.

Jul 08, 2020, 19:35 PM IST

Income Tax refunds of Rs 4,250 cr issued in a week, says CBDT

CBDT further said that about 1.75 lakh more refunds are in the process of issuance this week, adding "These refunds will get credited directly to the taxpayer bank account in five to seven business days from issuance."

Apr 15, 2020, 20:05 PM IST

Vivad se Vishwas scheme: Finance ministry to hold national review meeting

The interaction via video-conferencing is expected to be chaired by Revenue Secretary A B Pandey, along with CBDT Chairman P C Mody, and they will talk to all the regional chiefs of the department in the country.

Feb 12, 2020, 23:01 PM IST

ITR filing: CBDT extends date till January 31 in Jammu & Kashmir, Ladakh

The region, especially Kashmir, yet to witness seamless internet connectivity after the Centre`s decision to revoke the provisions of Article 370 on August, which gave a special status to the erstwhile state.

Dec 24, 2019, 22:42 PM IST

CBDT chief PC Mody gets 1-year extension

A 1981-batch Indian Revenue Service (IRS) officer, Mody had taken charge of the top job in February succeeding Sushil Chandra.

Aug 29, 2019, 13:21 PM IST

CBDT refutes reports on differential regime between domestic investors and FPIs

The government has decided to withdraw the enhanced surcharge levied by Finance (No. 2) Act, 2019 on long/ short term capital gains arising from transfer of equity shares/units referred in section 111A and 112 A respectively.

Aug 28, 2019, 11:50 AM IST

Small start-ups with turnover upto Rs 25 crore will continue to get tax holiday, clarifies CBDT

The Section 80-IAC of the Income Tax Act, 1961 provides deduction for 100 percent of income of an eligible start-up for 3 years out of 7 years from the year of its incorporation.

Aug 23, 2019, 11:43 AM IST

CBDT issues 19 FAQs on ITR forms for Assessment Year 2019-20

The Income-tax return (ITR) forms for the Assessment Year 2019-20 were notified on April 01.

Aug 09, 2019, 13:08 PM IST

CBDT enhances monetary limits for filing of appeals by Income Tax Department

CBDT said that there is a substantial pendency of appeals of the Income Tax Department before various appellate fora, adding that it is aware of the importance of litigation management and has been continuously working towards achieving the same.

Aug 09, 2019, 12:47 PM IST

Ease of tax compliance will promote ease of living: CBDT Chairman

Pre-filling of returns shall be able to reduce errors in tax calculation and also collection. Faceless assessment is a great step. Tax offices will be anonymized and the pain points will be minimized, he added.

Jul 10, 2019, 18:21 PM IST

CBDT extends due date for filing of TDS statement in Form 24Q

It has also extended the due date for issue of TDS certificate in Form 16 for financial year 2018-19 from June 15 to July 10

Jun 05, 2019, 16:01 PM IST

CBDT extends due dates of TDS compliance to deductors in Odisha

CBDT has done so to redress genuine hardship faced by the deductors due to the severe disruption of normal life and breakdown of communication systems caused by cyclone Fani in Odisha.

May 25, 2019, 10:06 AM IST

India notifies pact with US to check tax evasion by MNCs

The agreement, which was signed by Central Board of Direct Taxes Chairman P C Mody and US ambassador to India Kenneth Juster in March, was notified by the revenue department on April 25.

Apr 29, 2019, 16:56 PM IST