CBDT

e-Appeals Scheme 2023

May 31, 2023

The Central Board of Direct Taxes (CBDT) has recently launched the “e appeal” scheme, aimed at addressing the issue of pending appeals related to Tax Deducted at Source (TDS) default and tax collection at source (TCS). This new initiative is ..

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CBDT notifies 6 income tax return forms

February 15, 2023

The taxpayer should fill out the income tax return form and submit it to the Income Tax Department. The IT dept calculates the liabilities of the taxpayer. If he or she has paid extra taxes, then a refund is made. ..

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Direct Tax Collections of FY 2022-23

February 11, 2023

The CBDT operating under the Finance Ministry recently released the Revised Estimates of the Direction of Tax collection of the country. In accordance with the report released, the direct tax collection of India has increased by 24% in 2022-23 as ..

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Ministry of Corporate Affairs Facility for e – Adjudication

January 28, 2023

The Ministry of Corporate Affairs launched the MCA21 to speed the access to the services of the ministry. Recently, the ministry added some key features to MCA21. They are e – adjudication, compliance management, and e-consultation. Adjudication means a judgment ..

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Committee for pharma marketing practices

September 23, 2022

A high-level committee has been set up to regulate the promotion of pharmaceutical products. Key facts The Government has set up a five-member committee chaired by Dr VK Paul, NITI Aayog member (health) to create a legal mechanism to address ..

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CBDT exempts Sovereign Wealth Fund: Key Facts, Benefits, Types, Sources of Sovereign Wealth Fund

November 4, 2020

The Central Board of Direct Taxes recently exempted the interest, dividend and long term capital gains made by the Sovereign Fund MIC Redwood 1 RSC Limited of Abu Dhabi, UAE (United Arab Emirates). Highlights The exemption has been provided under ..

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PM to announce next set of direct tax reforms

August 12, 2020

The Prime Minister Narendra Modi is all set to launch the next set of direct tax reforms in the country keeping in mind the announcements made in the Union Budget 2020-21. The PM will honour the country’s honest taxpayers by ..

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Govt extends deadline for filing income tax returns till September 30

July 31, 2020

The government has extended the deadline for filing income tax returns for the fiscal year 2018-19 by two months till September 30. Reason The Central Board of Direct Taxes has announced this in view of the pandemic situation in the ..

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CBDT and CBIC Sign MoU for Exchange of Data

July 21, 2020

A memorandum of understanding has been signed between the Central Board of Direct Taxes and the Central Board of Indirect Taxes and Customs in order to ensure the smooth exchange of data between the two organizations. This was signed in ..

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MoU Signed Between CBDT and MSME Ministry for Data-Sharing

July 20, 2020

The Central Board of Direct Taxes (CBDT) and the Ministry of Micro, Small and Medium Enterprises have signed a memorandum of understanding regarding sharing of data by the CBDT with the MSME Ministry. This has been signed by the dignitaries ..

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