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CBDT explains Scope of 'Limited Scrutiny Cases selected under CASS where issues referred by Law-Enforcement/Intelligence etc [Read Circular]

The Central Board of Direct Taxes ( CBDT ) has explained the scope of limited scrutiny cases selected under CASS cycles 2017 and 2018 where the issues...

Govt. Constitutes Task Force for drafting a New Direct Tax Legislation

Hotels to be Assessed for Additional Income collected as Service Charges: CBDT [Read Circular]

Tax Practitioners Assn moves HC against Incentives for Pro-department Rulings

Father’s Name not Mandatory in PAN: Govt amends Rules [Read Notification]

Income Tax Dept to proceed against 80,000 People for not Filing Returns Post- Demonetisation

The Income Tax department will start proceeding against people who have not filed their returns post-demonetisation even after receiving notices from the department, a senior official said on...

Income Tax: Honest Taxpayers to get Reward soon

In a significant move, the Central Board of Direct Taxation (CBDT), the apex body for direct taxes in India, may soon frame policies for the Income Tax Department is evaluating a report that might...

Income Tax and GST Return filing, No Extension and Site Shutdown: CAs are under Pressure

The Chartered Accountants all over the country are under huge pressure as the due date for filing income tax audit report and GSTR-1 is expiring today and the Government is in no mood to extend the...

Breaking: Gauhati HC seeks response from CBDT on Tax Audit Date Extension, No Interim Relief

The Gauhati High Court has heard the petition seeking extension of due date of tax Audit Report under the Income Tax Act where the Court directed the Central Board of Direct Taxes (CBDT) to submit...

Tax Audit Due Date Extension: Kerala HC admits Petition, seeks response from Dept

The Kerala High court has today admitted a petition seeking an extension of the tax audit due date and asked the department to file counter affidavit within ten days. The High Court was considering a...

ICAI goes more Stringent against misleading Media Reports: Slams Reports on IT Returns filed by CAs

In a bid to go more stringent towards the medias for shaming the Chartered Accountants profession, the Institute of Chartered Accountants of India ( ICAI ) has sent notice to a reputed daily for...

CBDT releases Draft Notification proposing online Filing of Certain Applications [Read Notification]

The Central Board of Direct Taxes( CBDT ) last day issued a draft notification proposing to amend the Income Tax Rules to file certain applications online. Currently, for grant of approval under...

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