CBDT

Relaxation of Prosecution Norms by CBDT for Defaults in Filing IT Returns and Delays in TDS 2 min read

• Income Tax

Relaxation of Prosecution Norms by CBDT for Defaults in Filing IT Returns and Delays in TDS

Diksha Garg 5 years ago

The legal outcome for any lag in depositing TDS, or non-filing of returns of income tax, or under-reporting of income, has been relaxed by the... Read More

Guidelines Issued by CBDT For the Manual Selection Of Returns For Complete Scrutiny during the FY 2019-20 3 min read

• Income Tax

Guidelines Issued by CBDT For the Manual Selection Of Returns For Complete Scrutiny during the FY 2019-20

Diksha Garg 5 years ago

The parameters based on which the manual selection of returns for the complete scrutiny in the FY 2019-20 are as mentioned below: (i) Cases that... Read More

Tax Evaders can escape by paying penalty? New CBDT Norms state otherwise! 2 min read

• Income Tax

Tax Evaders can escape by paying penalty? New CBDT Norms state otherwise!

Diksha Garg 6 years ago

The Department of Income Tax has come up with revised guidelines according to which serious offenses committed under the benami and black money laws are... Read More

FAQs about IRS Tax Regulations on Online Entrepreneurs 5 min read

• Income Tax

FAQs about IRS Tax Regulations on Online Entrepreneurs

Rajbir Chawla 6 years ago

Does Tax-free Work Online? If you are an entrepreneur having an online presence instead of a physical location can save you a pretty penny when... Read More

Form 10A and Rule 17A May See an Amendment in Future: CBDT Issues Draft Notification 2 min read

• Income Tax

Form 10A and Rule 17A May See an Amendment in Future: CBDT Issues Draft Notification

Diksha Garg 7 years ago

Central Board of Direct Taxes has issued a statement that the present Finance Act, 2017, will be incorporated with a fresh clause (ab) in sub-section... Read More

CBDT’s Proposal to Estimate the Expected Income In Future and Its Impact on India Inc 3 min read

• Income Tax

CBDT’s Proposal to Estimate the Expected Income In Future and Its Impact on India Inc

Diksha Garg 7 years ago

The CBDT (Central Board of Direct Taxes) has put forward a plan in front of the companies in India to provide it an advance estimation... Read More

Life Not Easy for TaxPayers, – Tax Terrorism must go 5 min read

• Income Tax

Life Not Easy for TaxPayers, – Tax Terrorism must go

Diksha Garg 7 years ago

In today’s times in our country, small taxpayers are highly burdened by the compliance and it is high time that they are eased. A taxpayer... Read More

Notification clarifying ‘genuine’ transactions for nil capital gains when no STT is paid 3 min read

• Income Tax

Notification clarifying ‘genuine’ transactions for nil capital gains when no STT is paid

Diksha Garg 7 years ago

CBDT or Central Board of Direct Taxes recently released a notification that the transactions which under the Section 10(38) of the Income Tax Act of... Read More

Around 300 IT Commissioners Transferred Across the Country in a Major Reshuffle 2 min read

• Income Tax

Around 300 IT Commissioners Transferred Across the Country in a Major Reshuffle

Diksha Garg 8 years ago

To fine tune the working of the Income Tax Dept, this step was taken. The list of all the transfers made is personally investigated thoroughly... Read More

Do you know the consequences of non-deposit of TDS? 3 min read

• Income Tax

Do you know the consequences of non-deposit of TDS?

Rebecca Ghomes 8 years ago

Recently, the Income Tax Department and the CBDT are taking the late payment and non-deposit of TDS very seriously. They have imposed new rules to... Read More