Parliamentary panel report reveals high vacancy rates in CBDT and CBIC, hindering tax collection and efficiency.

This extension is applicable to taxpayers who have global transactions and are needed to provide reports under Section 92E ...

The due date for filing returns under Section 139(1) of the Income-tax Act, 1961, for taxpayers required to submit a report ...

The Central Board of Direct Taxes has now extended the deadline to December 15, 2024 for the assessment year 2024-25, an ...

ITAT Jaipur held that time limit of filling the application for recognition u/s. 80G of the Act has been extended by the Board. Accordingly, benefit extension provided and matter restored to file of ...

The new deadline for filing ITR for these taxpayers has been pushed back by 15 days, from November 30, 2024, to December 15, ...

To speed up the comprehensive review of the decades-old Income-tax Act, the Central Board of Direct Taxes has instructed ...

The Indian Income Tax Department has urged taxpayers to file accurate returns detailing foreign assets and income. The ...

One of the key challenges highlighted was regarding tax deduction at source (TDS). The chamber raised concerns about how the ...

The Central Board of Direct Taxes (CBDT) has now amended Income Tax rules to prescribe certain exemptions which can be availed by the employees. These include any allowance granted to meet the ...

The Central Board of Direct Taxes (CBDT) has decided to offer a discretionary waiver of interest on unpaid income tax dues arising from a demand notice — but set monetary limits on the relief to ...

The Central Board of Direct Taxes (CBDT) is weighing a revamp of official designations within the Income Tax Department to make the roles clearer to people and foster a more transparent image of ...