Following the announcement made by the Union Finance Minister Nirmala Sitharaman during Budget 2024, the Central Board…
Tag: CBDT
Public inputs sought for Income Tax Act review
Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto As part of the comprehensive…
There’s now a faster way to resolve tax disputes. But it has a huge red flag.
The new scheme is meant to be faster and easier than filing an appeal with the…
Relief to taxpayers: How to access CBDT’s new e-dispute resolution system— a step-by-step guide | Mint
To provide relief to some taxpayers and reduce litigation, the Central Board of Direct Taxes (CBDT)…
Tax exemption for trusts: Spending in India or benefit in India?
A recent decision by the Mumbai bench of the Income Tax Appellate Tribunal in the case…
Income tax reforms: Will the review deliver on promises?
In the budget for 2024-25, Union finance minister Nirmala Sitharaman had announced a comprehensive review of…
CBDT issues Central Action Plan for FY25, sets Income-Tax department roadmap — tax demands, cash transactions, arrears | Mint
The Central Board of Direct Taxes (CBDT) has released its Central Action Plan (CAP) for FY2024-25,…
Need income tax clearance certificate for travel abroad? No, says CBDT; clarifies reports ‘factually incorrect’. Details | Today News
The Ministry of Finance has dismissed the reports which said that all Indian citizens must obtain…
Income Tax Clearance Certificate Mandatory For All Indians? CBDT Clarifies New Rule
The income tax return filing season has now entered the penalty phase where those who failed…
CBDT to initiate investigation into foreign remittances above ₹6 lakh: Report | Mint
If you are remitting over ₹6 lakh overseas, then it is likely to come under the…