Central Board of Direct Taxes (CBDT)
e-Appeals Scheme 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 ..
Month: Current Affairs - May, 2023
Category: India Nation & States Current Affairs
‘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 mobile phones. This move is in line with the government’s Digital India ..
Month: Current Affairs - March, 2023
Category: India Nation & States Current Affairs
Ministry of Corporate Affairs Facility for e – Adjudication
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 ..
Month: Current Affairs - January, 2023
Category: Economy & Banking Current Affairs - 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 (CBDT) to receive public inputs until December 15. How many kinds of ..
Month: Current Affairs – November, 2022
Category: Economy & Banking Current Affairs - 2023 • India Nation & States Current Affairs
Nitin Gupta: New CBDT Chairperson
Appointments Committee of the cabinet has approved the appointment of IRS officer Nitin Gupta as the new chairman of Central Board of Direct Taxes (CBDT). Who is Nitin Gupta? Nitin Gupta is an Indian Revenue Service (IRS) officer of 1986 batch. ..
Month: Current Affairs - June, 2022
Category: Awards, Persons & Places in News
New TDS Rules from July 1
A new Tax Deducted at Source (TDS) rule is coming into effect from July 1, 2021. What are those new rules? Under the new rules, non-filer of income tax for past two financial years will be subjected to higher taxation. ..
Month: Current Affairs - July, 2021