CBDT

NEW DELHI: With over 24 hours to go for submission of income tax returns without paying any penalty, annual filings reached the six-crore mark by Sunday evening, having crossed last year's level in the afternoon itself.The CBDTsaid close…

NEW DELHI: More than four crore income tax returns (ITRs) for the 2022-23 financial year have been filed so far and about 7 per cent of these are new or first-time filers, CBDTchairperson Nitin Gupta said on Monday.He said that more than…

NEW DELHI: The income tax department on Friday said it will "duly consider" cases where linking of PAN with Aadhaaris yet to happen despite individuals giving their consent and having paid the fee.The last day for linking PAN with…

New Delhi: Consultants, professionals and individuals with income from businesses will now be able to opt for the old tax regime in the current financial year, according to a notification issued by the Central Board of Direct Taxes.The new…

NEW DELHI: The Centre’s gross direct tax collections have increased 12. 7% to a little under Rs 4. 2 lakh crore during the fiscal year up to June 17, on the back of healthy advance tax mop-up.Latest data released by the Central Board of…

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Happy Friday! Union IT minister Ashwini Vaishnaw told ET in an interview that some major players expect India to be the next chip-making destination, globally. This and more in today’s ETtech Morning Dispatch.Also in this letter:■…

Venture capital funds impacted by the new provisions of angel tax have approached the Central Board of Direct Taxes (CBDT), seeking relaxation of the rules that do not exempt investment in unlisted companies from destinations like…

The scheme also provides for personal hearings through video conferencing in appeal cases, where the assessee has filed an appeal against the assessment order of taxmen.The Income Tax department has notified the eappeals scheme, which will…