On consideration of difficulties reported by the taxpayers and other stakeholders in electronic filing of certain Forms under the provisions of the Income-tax Act,1961 read with Income-tax Rules,1962 (Rules), Central Boa...
The Central Board of Direct Taxes (CBDT) has further relaxed the electronic filing of Income Tax Forms 15CA and 15CB. As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electro...
The Central Board of Direct Taxes (CBDT) issued the guidelines in respect of Section 194Q of the Income Tax Act, 1961 in respect of the buyer to deduct TDS on the purchase of goods from the resident seller vide Circular ...
The Government has granted further extension of timelines of compliances under Income Tax Act. It has also announced tax exemption for expenditure on COVID-19 treatment and ex-gratia received on death due to COVID-19. Th...
The Central Board of Direct Taxes (CBDT) issued the Circular No. 11/2021 and Order u/s138(1)(a)(i) dated 21/06/2021 regarding the use of functionality under Section 206AB and 206CCA of the Income-tax Act, 1961....
The figures of Direct Tax collections for the Financial Year 2021-22, as on 15.06.2021 show that net collections are at Rs.1,85,871 crore compared to Rs. 92,762 crore over the corresponding period of the preceding y...
Senior officials of the Ministry of Finance, Government of India, will hold an interactive meeting on the 22nd of June, 2021, between 11:00 AM to 01:00 PM with Infosys (the vendor and its team) on issues/glitches in...
The Central Board of Direct Taxes (CBDT) has relaxed the electronic filing of Income Tax Forms 15CA and 15CB. As per the Income-tax Act, 1961, there is a requirement to furnish Form 15CA/15CB electronically....
The Central Board of Direct Taxes (CBDT) has notified the extension of the due dates for filing Income Tax Return (ITR), Tax Audit, TDS Statement and Other compliances vide Circular No. 9/2021 dated 20/05/2021. T...
The Directorate of Income Tax (Systems) has released a instruction to it's office bearers that the Income Tax Department is in the process of launching a new e-filing portal on June 7, 2021. In preparation for t...
