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Central Board of Direct Taxes

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

CBDT refutes media report on Yeddyurappa diary papers

The Central Board of Direct Taxes (CBDT) on Friday was dismissive about the papers which the Congress claimed to be parts of a diary, saying the loose sheets alleging payment of Rs 1,800 crore by former Karnataka Chief Minister B S Yeddyurappa to top BJP leaders prima-facie appear to be of a doubtful nature and were given by a Congress leader during a raid on him for tax violations.

Mar 22, 2019, 19:47 PM IST

Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh crore

Under the Income Tax Act, any assessee, including salaried employee whose estimated tax liability for an year exceeds Rs 10,000 needs to pay advance tax.

Mar 15, 2019, 15:25 PM IST

CBDT gives 21 days to non-filers to file I-T returns, submit response

Non-filers can file I-T returns, submit response online.

Jan 23, 2019, 11:51 AM IST

En masse issue of prosecution notices to small cos for minor TDS default misleading: CBDT

CBDT said that some defaulter companies and vested interests are deliberately misleading the media to thwart action against themselves.  

Jan 22, 2019, 14:11 PM IST

CBDT allows manual filing by resident, NRI taxpayers for nil or lower TDS certificate

The CBDT has also allowed resident applicants to file manual application in Form No. 13 before the TDS officer or in ASK Centers till December 31.

Dec 26, 2018, 13:56 PM IST

Number of crorepatis has risen by 60% in India: CBDT

Number of salaried taxpayers has increased by 37 percent in India, CBDT said.

Oct 22, 2018, 15:46 PM IST

Govt extends deadline for filing ITR, audit report till October 15

The Central Board of Direct Taxes (CBDT) had received representations from stakeholders seeking extension of the last date for filing of returns by taxpayers whose accounts have to be audited.

Sep 24, 2018, 17:41 PM IST

Income Tax returns deadline extended to September 15 for flood-hit Kerala

Income Tax assessees in Kerala can now file their I-T returns till September 15.

Aug 28, 2018, 21:20 PM IST

PAN-Aadhaar linking deadline extended again till March 2019

As per updated data till March, over 16.65 crore PANs, out of the total about 33 crore, have been linked with Aadhaar.

Jul 01, 2018, 07:07 AM IST

CBDT dedicates June 1-15 for expeditious disposal of pending appeals

The move is aimed to address taxpayers' disputes regarding rectification and adjustments made in tax demands.

Jun 08, 2018, 13:30 PM IST

CBDT chief Sushil Chandra gets another one-year extension

CBDT has six members, apart from the chairman, and is responsible for framing policy related to direct taxes and the Income Tax Department.

May 25, 2018, 15:34 PM IST

IT dept cautions TDS deductors against quarterly filing default

As per income tax rules, TDS is to be deducted by the deductor (employer) from the salary of the employee and has to be filed every quarter or in three months time with the tax department.

May 18, 2018, 11:24 AM IST

New ITR forms for 2018-19 notified by CBDT, some fields 'rationalised'

The policy-making body of the tax department said on Thursday that some fields have been "rationalised" in the latest ITRs forms.

Apr 05, 2018, 23:36 PM IST

Submit these documents to avoid paying excess TDS

Generally, an employer deducts tax from your salary and pay it to the government known as Tax Deducted at Source (TDS).

Jan 25, 2018, 10:43 AM IST

You may face these penalties if you don't pay tax on time

Collection from income tax stood at Rs 1.88 lakh crore in 2015-16, lower from Rs 1.91 lakh crore in the previous year.

Dec 30, 2017, 11:06 AM IST

Direct tax collections jump 16% to Rs 3.86 lakh crore till September

A Central Board of Direct Taxes (CBDT) statement here said the collections for the period April-September amount to 39.4 per cent of the total budget estimates of direct taxes for the current financial year.

Oct 11, 2017, 18:03 PM IST

L&T Infotech bags $100 million contract to help pin down tax evaders

Terming the work awarded by the Central Board of Direct Taxes as a "high volume digital deal", he elaborated that the project involves creating a 'semantic web' where web pages are structured and tagged in such a way that can be directly read by the computers.

Oct 01, 2017, 14:06 PM IST

Companies may have to furnish Apr-Sept income estimates to I-T dept

The Central Board of Direct Taxes (CBDT) has come out with a draft notification seeking stakeholders' comment on filing of Form 28AA by giving details of income and advance taxes paid.

Sep 19, 2017, 18:38 PM IST