Tag: central board of direct taxes
Attention taxpayers! Foreign income and assets must be disclosed before December 31: Report
Nov 19, 2024 12:39 PM IST Ravi Agarwal, the chairman of CBDT said taxpayers who haven’t disclosed their foreign income or assets in their ITRs…
FY25 direct taxes: Govt to exceed FY25 direct tax collection target: CBDT chief
The government will exceed the Rs 22.07 lakh crore direct tax collection target set for the current fiscal, Central Board of Direct Taxes (CBDT) chairman…
Taxman recovers Rs 35,500 crore outstanding from April to September
New Delhi: The Central Board of Direct Taxes (CBDT) has recovered ₹35,500 crore of outstanding dues for the April-September period of this financial year, ET…
Tax tracker on property owners with builder deals; I-T dept told to identify capital gains evaders
Mumbai: All landowners who had cut ‘joint development’ deals with builders are under the lens for skirting tax on capital gains. The investigation wings of…
CBDT notifies tolerance range for transfer pricing for AY 2024-25
The Central Board of Direct Taxes (CBDT) notified the tolerance range for assessment year (AY) 2024-25, which will provide certainty to taxpayers and reduce the…
CBDT extends ITR filing deadline for corporates to November 15
The deadline for corporate income tax returns filing for assessment year 2024-25 has been extended by 15 days to November 15. The Central Board of…
CBDT forms internal committee to comprehensively review Income-tax Act, invites suggestions on the tax e-filing portal
The Central Board of Direct Taxes (CBDT) has established an internal committee to supervise an extensive review of the Income-tax Act, 1961 (Act), following the…
Income Tax Act: Tax dept invites public suggestions for I-T Act review
The Income Tax department on Monday invited public inputs for review of the six-decade old I-T Act with regard to simplification of language, litigation reduction,…
Tata’s 130-year-old foreign education fund gets relief as I-T tribunal reinstates its tax-exemption status
The Income Tax Appellate Tribunal (ITAT) on Tuesday ruled that the JN Tata Endowment (JNTE) for higher education abroad will continue to enjoy income-tax exemption,…
CBDT forms committee for I-T Act review; ‘sunset’ clauses to be eliminated
An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global…