Tax Audit: CBDT issues Advisory to file Returns by 31st October
The Central board of Direct Taxes ( CBDT ) has issued an advisory directing the companies and other persons whose accounts are required to be audited...
![Certificate for TDS/ TCS at Lower Rate to be applied Online: CBDT amends Income Tax Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/02/CBDT-Taxscan.jpg "Certificate for TDS/ TCS at Lower Rate to be applied Online: CBDT amends Income Tax Rules [Read Notification]")
![Breaking: No Further Due Date Extension for Tax Audit, CBDT Confirms [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/CBDT-Taxscan-2.jpg "Breaking: No Further Due Date Extension for Tax Audit, CBDT Confirms [Read Order]")
![Govt Amends Form for Appeal and Cross Objections to ITAT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/10/Cross-Examination-ITAT-Taxscan.jpg "Govt Amends Form for Appeal and Cross Objections to ITAT [Read Notification]")
Benefit of CBDT Circular permitting Holding of Gold Jewellery also applicable to Silver Jewellery: ITAT [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) has held that the benefit of the circular issued by the Central Board of Direct Taxes (CBDT) permitting the holding of gold jewellery can...
![Benefit of CBDT Circular permitting Holding of Gold Jewellery also applicable to Silver Jewellery: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/10/Silver-Jewellery-Taxscan.jpg "Benefit of CBDT Circular permitting Holding of Gold Jewellery also applicable to Silver Jewellery: ITAT [Read Order]")
Growth of More Than 80% in the number of Returns Filed in the Last Four Financial Years: CBDT releases Direct Tax Statistics
Continuing the practice of placing key statistics relating to direct tax collections and administration in public domain, the Central Board of Direct Taxes (CBDT) has further released time-series data...
Gauhati HC directs CBDT to re-consider Tax Bar Assn’s request to extend Tax Audit Report Due Date to January 2019 [Read Order]
In a major relief to the tax practitioners, the Gauhati High Court has directed the Central Board of Direct Taxes (CBDT) to re-consider the Tax Bar Association’s representation requesting the...
![Gauhati HC directs CBDT to re-consider Tax Bar Assn’s request to extend Tax Audit Report Due Date to January 2019 [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Income-Tax-Audit-Taxscan.jpg "Gauhati HC directs CBDT to re-consider Tax Bar Assn’s request to extend Tax Audit Report Due Date to January 2019 [Read Order]")
Income Tax Dept lays down Procedure for processing Refund Claims delayed due to Technical Errors [Read Instructions]
The Central Board of Direct Taxes (CBDT) has laid down the functionality for processing of returns having refund claims which were not processed within the time allowed u/s 143(1) due to some...
![Income Tax Dept lays down Procedure for processing Refund Claims delayed due to Technical Errors [Read Instructions]](https://www.taxscan.in/wp-content/uploads/2018/10/Refund-Claims-Taxscan.jpg "Income Tax Dept lays down Procedure for processing Refund Claims delayed due to Technical Errors [Read Instructions]")
![Supreme Court dismisses Hundreds of Cases after Hike in Monetary Limit for Tax Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/09/Aadhaar-Supreme-Court-of-India-Taxscan.jpg "Supreme Court dismisses Hundreds of Cases after Hike in Monetary Limit for Tax Appeals [Read Order]")
Compounding Charges must be computed by taking 100% of Amount of Tax sought to be Evaded: Gujarat HC follows CBDT Circular [Read Judgment]
The Gujarat High Court has held that for the purpose of computing Compounding charges, the expression "amount sought to be evaded" in CBDT's compounding guidelines dated 23.12.2014 means the amount of...
![Compounding Charges must be computed by taking 100% of Amount of Tax sought to be Evaded: Gujarat HC follows CBDT Circular [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/08/Compounding-Fee-Expenditure-Taxscan.jpg "Compounding Charges must be computed by taking 100% of Amount of Tax sought to be Evaded: Gujarat HC follows CBDT Circular [Read Judgment]")