Cbdt
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CBDT issues Income Tax return forms for the fiscal year 2022-23
February 15, 2023 15:11 ISTThe Central Board of Direct Taxes (CBDT) issued Income Tax return forms for individuals, Hindu Undivided Families, businesses, and others for the fiscal year 2022-23, earlier than last year, providing ample time to prepare their returns.
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Jharkhand: I-T raids on 2 Cong MLAs, Rs 100-cr worth unaccounted transactions unearthed
India | November 08, 2022 15:59 ISTI-T raids on Congress leaders: The two MLAs, on the day the searches were initiated, were identified by the officials as Kumar Jaimangal alias Anup Singh and Pradip Yadav.
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Buyer to deduct TDS on peer-to-peer virtual digital assets transactions, says CBDT
Business | June 29, 2022 11:11 IST"Thus, in a peer-to-peer (ie buyer to the seller without going through an Exchange) transaction, the buyer (ie person paying the consideration) is required to deduct tax under section 194S of the Act," the CBDT said.
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Pune-Thane based start-up group with Rs 6,000 crore annual turnover raided by I-T department
Business | March 20, 2022 14:27 ISTThe group has a pan-India presence having an annual turnover exceeding Rs 6,000 crore. A total of 23 premises were covered in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh, in the search operation.
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Centre extends deadline for filing Income Tax returns to March 15
Business | January 11, 2022 19:10 ISTThe decision comes as people have been facing difficulties in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961
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Income Tax dept detects Rs 100-cr black income after raids on Gujarat group
India | November 21, 2021 13:38 ISTThe Central Board of Direct Taxes (CBDT), which frames policy for the tax department, said that the group received unaccounted money as part of immovable property transactions.
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CBDT issues tax refunds of over 1.15 lakh crore to 98.9 lakh taxpayers
Business | November 10, 2021 16:16 ISTThe tax refund includes 65.31 lakh refunds of AY 2021-22 amounting to Rs 12,616.79 crore.
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IT dept detects Rs 500-cr unaccounted transactions after raids on Gujarat realty group
India | October 02, 2021 13:35 ISTThe Central Board of Direct Taxes (CBDT) frames policy for the tax department.
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I-T department detects Rs 300 crore black money after raiding 2 Chennai financing groups
India | September 25, 2021 13:06 IST"The searches, so far, have resulted in the detection of undisclosed income of over Rs 300 cr and unaccounted cash of Rs 9 cr has been seized," CBDT said in a statement.
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IT Returns 2021-22: CBDT extends due date for filing Income Tax till Dec 31
Business | September 09, 2021 23:21 ISTThe Central Board of Direct Taxes (CBDT) on Thursday extended the due date for filing Income Tax Returns for assessment year 2021-22 till December 31, 2021.
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New online tax payment system, mobile app to be launched later: CBDT on upcoming e-filing portal
India | June 05, 2021 23:24 ISTThe CBDT on Saturday said a proposed new online tax payment system and a mobile app on its soon-to-be launched advanced e-filing website will be activated on June 18 even as the portal will go live on Monday.
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Govt extends timelines for tax compliance, ITR for FY20 can be filed till May 31
May 01, 2021 15:49 ISTFiling of belated return under sub-section (4) and revised return under sub-section (5) of Section 139 of the Act, for Assessment Year 2020-21, which was required to be filed on or before March 31, 2021, maybe filed on or before May 31, 2021, the CBDT said.
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Now, pre-filed ITR forms with capital gains, dividend, other details
March 18, 2021 10:58 ISTTransaction details of individual tax filers with respect of capital gains, dividend income, and interest income will soon become a standard of the pre-filled Income Tax return (ITR) form as the government looks to make tax compliance convenient for taxpayers.
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'Confident to achieve direct tax collection target': CBDT Chairman
News | February 02, 2021 11:20 ISTSpeaking on today's Union Budget 2021-2022, presented by Finance Minister Nirmala Sitharaman, in the Parliament, Central Board of Direct Taxes (CBDT) Chairman, PC Mody said, "The revised estimate for direct tax collection this year is Rs 9.05 lakh crores, out of which we have collected Rs 6.63 lakh crores.
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Crackdown on corruption! Govt's big move against tax evasion, benami property. How to file complaint
January 13, 2021 17:28 ISTThe Central Board of Direct Taxes (CBDT) has launched an automated dedicated e-portal on the e-filing website of the department to receive and process complaints of tax evasion, foreign undisclosed assets as well as grievances regarding benami properties.
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CBDT rejects further extension of I-T returns due date, says pay penalty if not filed ITR
January 12, 2021 12:58 ISTThe income tax department had received several representations to further extend dates for filing returns as disruptions caused pandemic had continued to create problems for various taxpayers.
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I-T raids on Odisha group leads to Rs 170 crore black income
India | December 08, 2020 15:57 ISTThe raids conducted by the Income Tax department against an Odisha-based group involved in manufacturing and trading of steel products has led to the detection of about Rs 170 crore black income and presence of bogus directors who are actually gullible daily wage earners, the CBDT said on Tuesday.
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₹150 crore black money detected in I-T raids on Assam coal traders
India | December 07, 2020 20:39 ISTThe Income-Tax Department has detected alleged unaccounted income of more than Rs 150 crore after it raided premises of "leading" coal traders of Assam, the CBDT said on Monday.
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Govt extends payment date for 'Vivad se Vishwas' scheme to March 31, 2021
Business | October 28, 2020 10:39 ISTAs per the notification, the declaration under the Vivad se Vishwas Scheme shall be required to be furnished by December 31, however, the payment without additional amount in respect of said declaration can now be made up to March 31, 2021.
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Recognised PFs can invest in 'A' or higher rated securities: CBDT
Business | October 25, 2020 11:52 ISTThe CBDT has now amended I-T rules, thereby diluting norms for investment purposes to bonds with minimum 'A' rating, as against the earlier requirement of 'AA' rating
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