CBDT Articles

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

Read More
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

Read More
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

Read More
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

Read More
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

Read More
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

Read More
Income tax return
July 27, 2018
Income tax return deadline extended to 31st August

The deadline for filing the income tax return for most types of individuals has been extended from 31st July to 31st August

Read More
Income tax return
April 6, 2018
New ITR form asks for detailed salary breakup; also hefty fines for late filing

The Income tax return forms for the current Assessment Year (2018-19) asks for detailed salary breakup. Besides, there are hefty fines for late filing

Read More
Income tax return
February 27, 2018
Income Tax notifies new scheme for e-communication with taxpayers

No person will be required to appear before the Centralised Communication Center in person or through a Chartered Accountant in connection with any proceedings

Read More

Subscribe to our newsletter

Envolpe image

Want to grow your money?

Subscribe & keep learning!

 ⓘ Find the best performing mutual funds Explore