Supreme Court directs CBDT to decide on Income Tax Exemption to NRIs within 3 weeks
The Apex Court on Wednesday directed the Central Board of Direct Taxes (CBDT) to decide on income tax exemption to non-resident Indians (NRIs)...
![ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/ITAT-Jewellery-Violation-of-CBDT-Instruction-Taxscan.jpg "ITAT deletes Addition as Joint Family can possess 850 gms Jewellery, says No Violation of CBDT Instruction [Read Order]")
[BREAKING] Due date for filing declaration under Vivad Se Vishwas Scheme extended: CBDT [Read Notification]
The Central Board of Direct Taxes has further extended the due date for filing declaration under Vivad Se Vishwas Scheme till February 28, 2021. The Central Government empowered under section 3 of...
![[BREAKING] Due date for filing declaration under Vivad Se Vishwas Scheme extended: CBDT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/02/BREAKING-Vivad-Se-Vishwas-Scheme-extended-CBDT-Taxscan.jpg "[BREAKING] Due date for filing declaration under Vivad Se Vishwas Scheme extended: CBDT [Read Notification]")
![CBDT assigns all Penalty cases to National Faceless Penalty Centre [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/CBDT-Penalty-cases-National-Faceless-Penalty-Centre-Taxscan.jpg "CBDT assigns all Penalty cases to National Faceless Penalty Centre [Read Order]")
Lower Remuneration paid to Fund Manager for FY 2020-Â21 requires no approval but will require approval in FY 2021-22: CBDT [Read Circular]
The Central Board of Direct Taxes (CBDT) announced that the lower remuneration paid to fund managers for Financial Year 2020-Â21 requires no approval but it will require approval in Financial Year...
![Lower Remuneration paid to Fund Manager for FY 2020-Â21 requires no approval but will require approval in FY 2021-22: CBDT [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/01/Fund-Managers.jpg "Lower Remuneration paid to Fund Manager for FY 2020-Â21 requires no approval but will require approval in FY 2021-22: CBDT [Read Circular]")
Uttarakhand High Court directs CBDT to leniently consider representation on Extension of due date for filing Tax Audit Reports & Income Tax Returns [Read Judgment]
The Uttarakhand High Court while keeping in mind the hardships suffered due to COVID-19 pandemic, directed the Central Board of Direct Taxes (CBDT) to leniently consider representation on the...
![Uttarakhand High Court directs CBDT to leniently consider representation on Extension of due date for filing Tax Audit Reports & Income Tax Returns [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Uttarakhand-High-Court-CBDT-due-date-for-filing-Tax-Audit-Reports-Income-Tax-Returns-Taxscan.jpg "Uttarakhand High Court directs CBDT to leniently consider representation on Extension of due date for filing Tax Audit Reports & Income Tax Returns [Read Judgment]")
CBDT directs Income Tax Officers to impose Penalty u/s 271AAD for False Entry in Books of Accounts [Read Circular]
The Central Board of Direct Taxes (CBDT) notified the penalty under section 271AAD for false entry etc. in the books of accounts. The CBDT has inserted section 271AAD in the Income Tax Act,...
![CBDT directs Income Tax Officers to impose Penalty u/s 271AAD for False Entry in Books of Accounts [Read Circular]](https://www.taxscan.in/wp-content/uploads/2021/01/CBDT-Income-Tax-Officers-Penalty-False-Entry-in-Books-of-Accounts-Taxscan.jpg "CBDT directs Income Tax Officers to impose Penalty u/s 271AAD for False Entry in Books of Accounts [Read Circular]")