Tag: cbdt press release
Concessional tax rate of 5% continue to apply to interest income u/s 194LD even after amendment to section 115AD Government of IndiaDepartment of Revenue Ministry of FinanceCentral Board of Direct Taxes New Delhi, 17th March, 2021 Clarification on continuation of concessional rate of tax on certain …
CBDT to validate Unique Document Identification Number (UDIN) generated from ICAI portal at the time of upload of Tax Audit Reports The Institute of Chartered Accountants of India, in its gazette notification dated 2nd August, 2019, had made generation of UDIN from ICAI website mandatory for every kind of …
Income Tax Department carries out searches in Srinagar and Kupwara Income Tax raids Srinagar Kupwara The Income Tax Department has carried out simultaneous search and seizure operations on 2nd September, 2020 in the case of three prominent businessmen in Srinagar and Kupwara. These operations have, prima facie, led …
CBDT provides ITR Filing Compliance Check Functionality for Scheduled Commercial Banks Now banks can check whether assessee has filed ITR or not Central Board of Direct Taxes in exercise of powers conferred under section 138(1)(a) of Income Tax Act, 1961, has issued Order in F.No. 225/136/2020/ITA.II dated 31.08.2020, …
Income Tax Department conducts searches in Bhopal Government of India Department of Revenue Ministry of Finance Central Board of Direct Taxes New Delhi, 21st August, 2020 Income Tax Department conducts searches in Bhopal PRESS RELEASE The Income Tax Department carried out a search and seizure operation …
Income Tax Department conducts search on premises of Chinese entities As per a Press Release issued by Finance Ministry, the Income Tax Department, based on the credible information that few Chinese individuals and their Indian associates were involved in money laundering and hawala transactions through series of shell …
All Faceless e-Assessments are expected to be completed by mid-September 2020 – MoF As per the press release issued today by of Ministry of Finance, the Income Tax Department is hoping to complete all Faceless e-Assessments by mid-September 2020. The scheme of Faceless Assessment was announced by the …
Income Tax Department to start e-campaign to ask taxpayers to verify financial transaction information for FY 2018-19 received from various sources Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct Taxes New Delhi, 18th July, 2020 PRESS RELEASE CBDT to start e-campaign on Voluntary …
New Form 26AS will desist those taxpayers who inadvertently conceal financial transactions in returns Government of IndiaDepartment of RevenueMinistry of FinanceCentral Board of Direct Taxes New Delhi, 18th July, 2020 PRESS RELEASE New Form 26AS is the Faceless hand-holding of the Taxpayers The new …
CBDT refunded Rs. 71,229 crore to help taxpayers liquidity during COVID-19 pandemic CBDT has refunded Rs. 71,229 crore so far to help taxpayers during COVID-19 pandemic As per a Press Release by the Central Board of Direct Taxes (CBDT), upto 11th July, 2020, it has issued refunds amounting …