CBDT Articles
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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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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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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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 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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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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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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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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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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