Current Affairs

GK MCQs Section

Central Board of Direct Taxes

‘AIS for Taxpayer’ Mobile App

The Income Tax Department has launched a mobile app named ‘AIS for Taxpayer’ to help taxpayers get a comprehensive view of their Annual Information Statement (AIS) on their...

March 23, 2023

Common Income Tax Return Form

A single income tax return (ITR) form was proposed for all taxpayers. The draft of the proposed form was unveiled recently by the Central Board of Direct Taxes...

November 2, 2022

AAR Ruling: GST on Guest Lectures

The Authority for Advance Ruling (AAR) of the Karnataka bench has ruled that 18 percent GST will be levied on the income that is earned from providing guest...

February 17, 2022

PM to announce next set of direct tax reforms

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...

August 12, 2020

Govt extends deadline for filing income tax returns till September 30

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...

July 31, 2020

FIU and IT Department Join Hands to Check Suspicious Cash Transactions

The Income Tax Department has been allowed to share the PAN Card details of an individual entity with the Financial Intelligence Unit so that the FIU can investigate...

July 22, 2020

CBDT and CBIC Sign MoU for Exchange of Data

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...

July 21, 2020

MoU Signed Between CBDT and MSME Ministry for Data-Sharing

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...

July 20, 2020

IT Department to Undertake Drive to Improve Return Filings for FY19

The Central Board of Direct Taxes has announced that it is going to start a campaign from July 20 till the end of the month in order to...

July 18, 2020

CBDT inaugurates Web Portal for exchange of information on Income Tax

Central Board of Direct Taxes (CBDT) has inaugurated the Web Portal for Exchange of Information on Income Tax which will consolidate all relevant Automatic Exchange of Information (AEOI)...

November 24, 2019

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