I-T dept set to complete 170,000 reassessments by March next year
The income tax (I-T) department could complete by March 2025 reassessments of 170 thousand notices issued between March 2021 and …
CBDT
Your AIS is changed – CBDT Press Release on AIS New Changes 2024
CBDT releases new functionality in AIS to increase transparency and issued Press Release Dated 13 May 2024 Highlights Taxpayers can …
Tax dept extends deadline for charitable trusts’ registration till June 30
2 min read Last Updated : Apr 25 2024 | 6:32 PM IST The income tax department on Thursday extended …
Amul Research and Development Association Designated as Research Association by CBDT for Tax Incentives
The Central Board of Direct Taxes (CBDT), through Notification No. 38/2024 dated April 09, 2024, has officially recognized the ‘Amul …
Mismatch in HRA claims: No drive launched to reopen cases, clarifies CBDT
The objective of the e-verification was to alert cases of mismatches of information for FY21 only without affecting others, it …
Explained: Rs 1 lakh limit per individual for withdrawal of old tax demands
Illustration: Binay Sinha The government has begun getting rid of old outstanding small income tax demands after setting a ceiling …
New angel tax regime: No scrutiny of recognised startups, says CBDT
The Central Board of Direct Taxes (CBDT) has issued directives to tax officials that may prevent them from scrutinising funds …
Direct Tax Collection: Will exceed budget target for direct tax: CBDT chairman Nitin Gupta
Expressing confidence that the direct tax collection in the current fiscal would exceed the budget estimate of Rs 18.23 trillion, …
New tax norms favour employees living in employer accommodation
The Central Board of Direct Taxes (CBDT), in a recent notification, modified Rule 3 of the Income-Tax (I-T) Rules, 1961, …
CBDT notifies rules for valuing rent-free homes provided by employers
Employees drawing substantial salaries and having rent-free accommodation provided by their employers will now be able to save more and …
