CBDT: TDS Shall not be Levied on Interest Below Rs. 40,000 Earned from Mahila Samman Certificate The Ministry of Finance by its Department of Revenue- Central Board of Direct Taxes (CBDT) has...
CBDT Issues Clarifications: Employer’s Deductions of TDS under New ‘Default’ Personal Tax Regime The Ministry of Finance, Government of India through its Central Board of Direct Taxes (CBDT) vide its...
CBDT: Insolvency and Bankruptcy Board of India is Eligible for Tax Exemption on Grant-in-Aid, Fines, Fees, Interest Income Accrued The Ministry of Finance by its Department of Revenue- Central Board...
CBDT extends timeline for filing audit reports for AY 2022-23 The timeline for filing various audit reports for Assessment Year 2022-23 under the Income Tax Act, 1961 for certain categories of...
ITAT rules the revision order without DIN as invalid The Income Tax department had initiated proceedings against the appellant The Kolkata Branch of the Income Tax Appellate Tribunal (ITAT) has...
Doctors and Social Media Influencers to pay 10% TDS on Freebies from July 1 The Union Budget 2022 introduced newer provisions to avoid tax leakage from the system. Central Board of Direct Taxes...
ITAT rules on additional income declared under modified return It relied on the decision of the Karnataka High Court in a previous case The Delhi bench of the Income Tax Appellate Tribunal...
CBDT clarifies on PAN-Aadhar link It is imperative to connect the two numbers for smooth operations The Central Board of Direct Taxes (CBDT) has clarified that before 31 March 2023 the...
CBDT announces new Income Tax and TDS rules The circular explains all the provisions under varied segments for 2021-2022 The Central Board of Direct Taxes (CBDT) has released a circular...
Supreme Court rules against pharma firms gifting freebies to doctors It is punishable under the Indian Medical Council Act The Supreme Court has held that pharmaceutical companies gifting...
ITAT rules against CBDT circular The foreign company had claimed the benefit of a lower tax rate under the India-Portugal agreement The Income Tax Appellate Tribunal (ITAT), Pune has held that...
Filing physical tax audit reports impractical: CBDT tells High Court Chartered accountants have highlighted the difficulties faced due to the technical glitches in the IT e-filing portal The...
