CBDT

New Delhi: The Central Board of Direct Taxes (CBDT) has asked banks to return the money they had charged customers by way of UPI payments or online transactions. "... Based on Section 10A of the Payment and Settlement Systems Act 2007, any…

New Delhi: The Central Board of Direct Taxes (CBDT) has revised Form 26AS to carry additional details on the financial transactions of taxpayers from this assessment year (AY) to make the filing of income tax returns quick and correct.…

New Delhi: The Central Board of Direct Taxes (CBDT), the top policy-making body of the Income Tax Department has issued refunds worth Rs 71,229 crore in over 21.24 lakh cases till July 11, the Finance Ministry said on Friday. The IT…

New Delhi: The form for tax deducted on source (TDS) has been amended. The new form has been made more comprehensive and mandates deductors to state reasons for non-deduction of tax. Also, banks will have to report TDS for cash withdrawals…

New Delhi: To ease the burden on taxpayers amidst the coronavirus crisis, the date for making investments or payments for claiming IT deductions for the assessment year 2020-21 has been extended from March 31 to June 30, 2020. This was…

New Delhi: Having already extended the various statutory deadlines related to income tax till June 30, the Union government has decided to revise the income tax return forms for assessment year 2020-21. The Central Bureau of Direct Taxes…