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News
Central Board of Direct Taxes (CBDT)
Central Board of Direct Taxes (CBDT) News
Tax Audit Report
01 Oct 2022
Tax Audit Due Date for AY2022-23: CBDT extends last day till October 7
The last date for filing of tax audit was September 30 Taxpayers faced technical glitches while filing the report CBDT extended the due date by seven days till October 7
Income Tax Act 1961
19 Sep 2022
Good news for taxpayers! Check how new Income Tax guidelines will benefit you
CBDT comes out with revised guidelines for compounding of some offences under the Income Tax Act, 1961 CBDT has decriminalised offences punishable under Section 276 of the Act Section 276 of the Income Tax Act had a provision for punishing a taxpayer with rigorous imprisonment
Tax returns
13 Sep 2021
CBDT issues income tax refunds worth Rs 70,120 crore so far in FY22
Total refunds income tax refunds consisted of Rs 16,753 crore and corporate tax refunds were worth Rs 53,367 crore.: Income tax department. CBDT issues refunds of over Rs 70,120 crore to more than 26.09 lakh taxpayers between 1st April, 2021 to 6th September, 2021. Due date of furnishing of returns of income for the assessment year 2021-22, has been extended to December 31, 2021, from September 30.
Direct Tax Collections
09 Aug 2017
Direct tax collection up 19% in April-July at Rs 1.90 lakh crore
Collections of direct taxes, which are made up of personal and corporate taxes, soared to Rs 1.90 lakh crore in April-July, an official statement said here.
Central Board of Direct Taxes (CBDT)
07 Aug 2017
25% surge in filing of IT returns : Central Board of Direct Taxes
The chamber also noted a 41.79 percent increase in the advance tax collections of Personal Income Tax, as on August 05.
ITR filing deadline
05 Aug 2017
Last date to file ITR: Tax offices to remain open today
The last date for filing of Income Tax Returns (ITRs) was extended from July 31 to August 5 in view of difficulties faced by taxpayers.
IT department
30 Jul 2017
IT department may soon have a CPC for scrutiny cases
A senior revenue department official said the department wants to reduce interface between taxpayers and the department officers and is planning to set up a CPC.
Panama Papers
22 Jun 2016
Multi-agency group submits 3 reports on Panama leaks to govt
The government had in April formed MAG to investigate whether the money deposited in tax haven Panama are legal or illegal.
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