You Searched For "Central Board of Direct Taxes" and got 14 results
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1 min read
Companies Allowed To Transfer Manpower To SEZs Without Compromising On Tax Benefits
The CBDT increased the limit following intense lobbying by the industry. The industry had been dema…
1 min read
Central Board of Direct Taxes notifies cost inflation index for 2023-24
The cost inflation index (CII) for 2023-24 relevant to assessment year 2024-25 stood at 348, accord…
1 min read
Pvt companies required to deduct tax at source while issuing bonus or rights shares
The implication of this clarification will be that a company in which public is not substant…
2 mins read
High net-worth individuals have a greater incentive to invest in Indian startups now
Until now, a tax of 30% was levied on the the value of shares issued above their fair value, b…
1 min read
Paying more taxes? You are about to get better treatment, extra facilities
As per reports, if a priority taxpayer has a query or facing an issue, it will be resolved on…
1 min read
You may soon get PAN card in minutes. Here’s how
The idea, again, is to move to real-time issuing of PAN, which will also become the business identi…
2 mins read
CBDT forms committee for IT Act review; 'sunset' clauses to be eliminated
Central Board of Direct Taxes (CBDT) chairman Agrawal said the committee is looking at the best glo…
PTI
1 min read
Tax officials to have names of defaulters on a dedicated portal; identification process to be non-intrusive
One of the main aim of the portal is to have minimum involvement. "We are working on a de…
1 min read
Black money: Compliance window for voluntary declaration to be out soon
A 'trend analysis' of the subject has revealed that the target audience for this special exerci…
2 mins read
Pay penalty if you haven't yet filed IT returns, no more extensions now, says India's tax authority
The income tax department had received several representations to further extend dates for fil…
2 mins read
Two-thirds taxpayers likely to shift to new regime in 2023-24 itself: CBDT chief
The income tax rebate limit available for salaried and individual taxpayers under the new income ta…
ANI
1 min read
I-T officials seize Rs 4.7 crore in new currency notes in Bengaluru
According to the officials, searches were started on the premises of two engineers, working with th…
1 min read
CBDT asks super-rich tax payers to declare cost price of expensive assets
Even if the precious items were gifts, the tax payers would still have to declare the cost at which…
2 mins read
IT Dept to strike again, this time armed with information on deposits and purchases from demonetisation drive
"We have information flowing in from different sources including Financial Intelligence Unit... We …