Central Board Of Direct Taxes

Income tax refund worth Rs 80,000 crore issued to taxpayers in current financial year

This figure includes income tax refunds of Rs 19,699 crore in 47,53,254 cases and corporate tax refunds of Rs 60,387 crore in 1,63,021 cases, the Central Board of Direct Taxes tweeted on Thursday

ITR due date extension: Centre extends FY21 filing deadline for individual tax payers to 30 Sep

The deadline for issuing Form 16 by employers to employees has also been extended by a month till 15 July, 2021, the CBDT said

Income Tax Department notifies minimum fees for managers of India-based offshore funds

The income tax department has notified the minimum fee to be received by India-based fund managers of an overseas fund

Income Tax Department issues refunds of Rs 26,242 cr since April to 16.84 lakh taxpayers; move to ease liquidity

The tax department on Friday said it has issued I-T refunds of Rs 26,242 crore to 16.84 lakh taxpayers since April as part of efforts to hasten refund process for making liquidity available with people and firms to deal with COVID-19 crisis

Income Tax Department sends e-mails to 1.72 lakh assessees over outstanding tax dues

The income tax department has sent e-mails to 1.72 lakh assessees, including start-ups, companies and individuals, who have outstanding tax demands as well as tax refunds asking them to provide as update on the payment

CBDT to revise income tax return forms to help taxpayers avail benefits of timeline extension due to COVID-19

The CBDT said that it has initiated necessary changes in the ITR forms so that taxpayers could take benefits of their transactions carried out during 1 April 2020 to 30 June 2020.

Coronavirus Outbreak: Govt extends validity of lower withholding tax orders by three months till 30 June

The Finance Ministry on Tuesday extended the validity of all lower withholding tax orders by three months till 30 June in view of hardships caused due to COVID-19 pandemic

Income Tax Department notifies forms for firms to avail lower corporate tax rates announced in September last year

The income tax (I-T) department has notified forms for companies to avail the reduced corporate tax rates that were announced in September last year

'Incriminating evidence' found by CBDT during I-T raids of residence, offices of N Chandrababu Naidu's former private secretary

The Central Board of Direct Taxes announced the seizure of 'incriminating evidence' from the residence and other premises of former Andhra Pradesh Chief Minister N Chandrababu Naidu's ex-private secretary Pendyala Srinivasa Rao

Budget 2020 did not end woes of aam aadmi; Nirmala Sitharaman opened a Pandora's Box with removal of tax exemptions instead

While the introduction of a new personal tax regime with reduced rates made the aam aadmi happy, the Finance Minister opened a Pandora’s Box with the denial of various exemptions/deductions.