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CBDT issues Income Tax return forms for the fiscal year 2022-23

Personal Finance | Feb 15, 2023, 03:11 PM IST

The 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.

It said cash worth more than Rs 2 crore has been seized

Jharkhand: I-T raids on 2 Cong MLAs, Rs 100-cr worth unaccounted transactions unearthed

India | Nov 08, 2022, 03:59 PM IST

I-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.

Buyer to deduct TDS on peer-to-peer virtual digital assets transactions, says CBDT

Business | Jun 29, 2022, 11:11 AM 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.

Pune-Thane based start-up group with Rs 6,000 crore annual turnover raided by I-T department

Business | Mar 20, 2022, 02:27 PM IST

The 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.

Centre extends deadline for filing Income Tax returns to March 15

Business | Jan 11, 2022, 07:10 PM IST

The decision comes as people have been facing difficulties in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961

Income Tax dept detects Rs 100-cr black income after raids on Gujarat group

India | Nov 21, 2021, 01:38 PM IST

The 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.

CBDT issues tax refunds of over 1.15 lakh crore to 98.9 lakh taxpayers

Business | Nov 10, 2021, 04:16 PM IST

The tax refund includes 65.31 lakh refunds of AY 2021-22 amounting to Rs 12,616.79 crore.

IT dept detects Rs 500-cr unaccounted transactions after raids on Gujarat realty group

India | Oct 02, 2021, 01:35 PM IST

The Central Board of Direct Taxes (CBDT) frames policy for the tax department.

Income Tax department, Income tax detects, black money, raiding, Chennai financing groups, latest na

I-T department detects Rs 300 crore black money after raiding 2 Chennai financing groups

India | Sep 25, 2021, 01:06 PM 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.

IT Returns 2021-22: CBDT extends due date for filing Income Tax till Dec 31

Business | Sep 09, 2021, 11:21 PM IST

The 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.

A proposed new online tax payment system and a mobile app

New online tax payment system, mobile app to be launched later: CBDT on upcoming e-filing portal

India | Jun 05, 2021, 11:24 PM IST

The 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.

Govt extends timelines for tax compliance, ITR for FY20 can be filed till May 31

Income Tax | May 01, 2021, 03:49 PM IST

Filing 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.

Now, pre-filed ITR forms with capital gains, dividend, other details

Income Tax | Mar 18, 2021, 10:58 AM IST

Transaction 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.

'Confident to achieve direct tax collection target': CBDT Chairman

News | Feb 02, 2021, 11:20 AM IST

Speaking 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.

Crackdown on corruption! Govt's big move against tax evasion, benami property. How to file complaint

Income Tax | Jan 13, 2021, 05:28 PM IST

The 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.

CBDT rejects to further extend I-T returns due date, says pay penalty if ITR not filed

CBDT rejects further extension of I-T returns due date, says pay penalty if not filed ITR

Income Tax | Jan 12, 2021, 12:58 PM IST

The 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.

I-T raids on Odisha group leads to Rs 170 crore black income

India | Dec 08, 2020, 03:57 PM IST

The 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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