CBDT Articles

Income tax return
April 15, 2020
4 things to know about TDS on your income before you opt for alternative income tax regime

An Income Tax Department circular released on April 13 gives the detailed guidelines as to how you as a tax-payer can opt for the alternative regime that promises lower taxes, but at a cost

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aadhaar PAN linking
February 16, 2020
Your PAN will become inoperative after March 31 if it is not linked with Aadhaar

Till January 27, 2020, over 30.75 crore PANs were linked to respective Aadhaar. However, 17.58 crore PANs are yet to be linked with the 12-digit biometric ID

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Linking PAN and Aadhaar
September 28, 2019
Deadline to link PAN and Aadhaar extended to December 31; here are 7 steps to link them

Earlier deadline was September 30, 2019. We also explain how you can link PAN and Aadhaar

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Income tax e-assessment
September 27, 2019
New income tax e-assessment system to kick off from next month; person with no PAN or e-filing account not eligible

A directive from the Central Board of Direct Taxes (CBDT) lays out the exceptions for the new system

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surcharge super rich tax
August 26, 2019
Surcharge for FPIs gone, but category-III AIFs still subject to enhanced surcharge; AIF investors to lose if not corrected

Category III alternative investment funds use complex trading strategies including through investment in derivatives. Surcharge makes the business unviable

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Income tax department appeals
August 10, 2019
Monetary limit for appeal by IT dept in income tax litigation hiked in ITAT, high courts and Supreme Court

There has been a substantial increase in limits to trigger appeal by IT dept. It’s Rs 50 lakh at ITAT level, Rs 1 cr at high courts and Rs 2 crore Supreme Court

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Income Tax returns filing date
July 23, 2019
Now, you have time till August 31 to file FY19 income tax returns

Government has extended by 1 month the due date for filing IT returns by individuals and certain non-corporate assessees

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income tax everification
June 24, 2019
6 changes in Income Tax Return forms for AY 2019-20 that you must know

Here we take a look at changes you need to know in the two most popular ITR forms: ITR-1 and ITR-2

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income tax filing
January 24, 2019
Non-filers of income tax get 21-day window to file tax returns

If you are a non-filer, you should assess your tax liability for AY 2018-19 and file the ITR or submit online response within 21 days

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