In a bid to go tax-friendly, the Central Board of Direct Taxes ( CBDT ) is going to observe a fortnight a fortnight in June 2018 for appeal effect and rectification for clearing up pendency

The Income Tax Appellate Tribunal ( ITAT ), Hyderabad bench has held that the National faceless Appeal Centre (NFAC) is bound to follow the circulars of the Central Board of Direct Taxes (CBDT). The assessee,

The government on Wednesday has appointed Jagannath Bidyadhar Mohapatra as a new Chairman of Central Board of Direct Taxes (CBDT). “The Appointments Committee of the Cabinet has approved the appointment of Shri J.B. Mohapatra, IRS

The Central Board of Direct Taxes ( CBDT ) asked the taxpayers to remit Tax Deducted at Source (TDS) at five percent while paying House Rent above Rs. 50,000. It is mandatory for an individual

The Central Board of Direct Taxes ( CBDT ) has issued Circular No. 02/2024 dated March 05, 2024, providing relief to trusts and institutions that submitted incorrect audit reports for the Assessment Year (A.Y.) 2023-24.

The Central Board of Direct Taxes (CBDT) has rolled out a new Annual Information Statement (AIS) on the Compliance Portal. “The Income Tax Department has rolled out the new Annual Information Statement (AIS) on the

The Central Board of Direct Taxes (CBDT)  amended the Income Tax Rules on return of income pursuant to amendment under section 148 of the Income Tax Act. The Board In exercise of the powers conferred

The Bombay High Court has recently criticized the income tax department and the Central Board of Direct Taxes (CBDT) for not processing the income tax refund claims within the prescribed time frame causing unnecessary hardships

The Income Tax Department has issued the Guidance on uploading of Manually submitted Form 15CA and Form 15CB with Authorised Dealers between 7th June to 15th August 2021 in accordance with Press Release dt. 20th

The Central Board of Direct Taxes (CBDT) has issued a Circular (vide F.No. 380/01/2024) dated April 05, 2024, for departmental use, outlining the Interim Action Plan for the Financial Year 2024-25. The officers were requested

The Central Board of Direct Taxes (CBDT) has extended the scope of functions of the task force on Direct Tax. The committee was formed to submit its recommendations on the drafting of the direct tax

After Mr. Sushil Chandra appointed as Election Commissioner by the Central Government, IRS officer Pramod Chandra Mody on Friday took over as the new chairman of the Central Board of Direct Taxes (CBDT), the policy

The Institute of Chartered Accountants of India ( ICAI ) had requested the Central Government to postpone the newly revised Form 3CD in the next Financial year i.e., 2019-20. Tax Auditors of a certain class of

The Central Board of Direct Taxes (CBDT) has issued a circular standardizing the process of filing an application for approval/renewal of an Electoral Trust under Section 2(22AAA) of the Income Tax Act, 1961 to be

The Central Board of Direct Taxes (CBDT) has issued the order extending the period for admitting applications for settlement upto September 30, 2021 (filed after January 31, 2021) on behalf of the Interim Board and