Tag archive for ‘CBDT’
By Manish Sen On Tuesday, May 15th, 2018

Income Tax Dept launches ITR-2, third income return form for FY 2018-19

New Delhi: The Income Tax Department today launched the ITR-2, the third income return form for the assessment year 2018-19, on the official e-filing portal. Sushil Chandra Chairman of CBDT, the nodal national More...

By Ila Choudhary On Tuesday, April 17th, 2018

Salaried class return form ready for e-filing: IT dept

New Delhi: The latest ITR-1 form, largely used by the salaried class of taxpayers, has been activated on the official e-filing portal of the Income Tax Department, a senior official said today. The single Income More...

By Manisha Sen On Tuesday, April 3rd, 2018

Finish issuing all DeMO notices by May: CBDT to I-T dept

New Delhi: The CBDT has directed the Income Tax Department to finish in two months the exercise of issuing notices, as part of the ‘Operation Clean Money’, to those who deposited huge funds post demonetisation. CBDT More...

By Manisha Sen On Tuesday, March 27th, 2018

PAN-Aadhaar linking deadline extended to June 30: CBDT

New Delhi: The CBDT today extended the deadline for the PAN-Aadhaar linking to June 30.CBDT chairman Sushil Chandra The policy-making body of the tax department issued an order extending the deadline from the current More...

By Ila Choudhary On Wednesday, March 21st, 2018

CBDT invites suggestions for new Direct Tax Law

New Delhi: The Central Board of Direct Taxes (CBDT) has invited suggestions from general public for new Direct Tax Law. CBDT chairman Sushil Chandra A task force has been constituted to review the Income-tax Act, More...

By Manisha Sen On Friday, February 16th, 2018

Poll candidates must disclose their income source: Supreme Court

New Delhi: The Supreme Court on Friday directed that election candidates will have to reveal the sources of their income, including those of their spouse and dependents. Supreme Court Justice J Chelameswar The court More...

By Manisha Sen On Tuesday, February 13th, 2018

IT raid cases not to be processed under e-assessment: CBDT

New Delhi: The soon-to-be rolled out pan India e-assessment system for scrutiny cases of taxpayers will not be applicable to instances where a raid has been conducted against an assessee by the Income Tax (IT) department, More...

By Manish Sen On Tuesday, February 6th, 2018

No notice to taxpayers in case of minor filing mismatch: CBDT

New Delhi: From now on, the taxman will not issue demand notice to taxpayers in case there is a minor mismatch between their income tax return (ITR) and the corresponding tax credit data collected by the department More...

By Manish Sen On Thursday, February 1st, 2018

Salaried, pensioners need no bill to claim Rs 40k deduction: CBDT chairman

New Delhi: Salaried taxpayers and pensioners need not have to furnish any bills or documents to claim the standard deduction of Rs 40,000 announced in the budget today, according to CBDT chief Sushil Chandra. Salaried More...

By Ila Choudhary On Friday, December 8th, 2017

CBDT extends deadline for linking Aadhaar with PAN to March 31

New Delh): In lieu of the number of taxpayers yet to complete linking their Aadhaar and PAN card, the Central Board of Direct Taxes (CBDT) on Friday announced an extension in the deadline to March 31, 2018. Sushil More...