Diabytes
CBDT News
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CBDT has directed that returns of income filed electronically upto 31.03.2024 which have been erroneously invalidated by CPC shall now be processed.
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The tax benefit has kicked in with effect from July 9, 2025.
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The Finance Minister directed all Principal Chief Commissioners of Income Tax to prioritise and accelerate the disposal of disputed tax demands that are currently pending before the faceless appellate authorities.
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The I-T department recently launched the 'e-Pay Tax' feature which aims to simplify tax-related procedures for taxpayers.
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The Central Board of Direct Taxes (CBDT) regularly undertakes a systematic review of data received and identifies taxpayers, whose cases require further verification.
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Tax filers who have filed thair ITR Assessment Year 2023-24, but haven’t got any information on refund, should know how November deadline could bring good news.
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ITR Filing Deadline For FY 2024-25: The CBDT has notified the income tax return forms ITR-1 and ITR-4 for the financial year 2024-25 and the assessment year 2025-26 on April 30.
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The form now allows the reporting of capital loss incurred on share buybacks.
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The new push comes as part of a comprehensive plan to bring elusive businesses, that escape the taxman’s lens due to limited availability of data, into the tax net and increase the country’s revenue collections.
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The CBDT has said that luxury goods of value exceeding Rs10 lakh will attract TCS (tax collected at source).
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Central Board of Direct Taxes (CBDT) has notified April 30 as the last date for direct tax dispute resolution scheme Vivad Se Vishwas.
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One of the sources also reiterated that "this is not the standard practice." It applies only in exceptional circumstances.
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ITR Filing Deadline: Earlier, the last date for resident individuals to make these submissions for assessment year (AY) 2024-25 was set at 31st December 2024.
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Mismatch In ITR Filed: The CBDT said that the purpose of this campaign is to remind and guide individuals who may not have fully disclosed their income in their ITRs to take this opportunity to file revised or belated ITRs for FY 2023-24, the last date of which is December 31.
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The Central Board of Direct Taxes (CBDT) has recently released a circular addressing the process for submitting condonation of delay applications related to filing Income Tax Returns (ITR). This request enables taxpayers to file their ITRs even after the official deadline for submission or revision has passed.
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The Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act), as was announced in the Union Budget 2024-25 by Finance Minister Nirmala Sitharaman.
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Income Tax Audit Report Deadline: The new deadline specifically applies to assessees covered under section 139 of the Income Tax Act, 1961.
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The rules pertaining to Direct Tax Vivad Se Vishwas Rules 2024, which will provide lesser settlement amounts for a ‘new appellant’ in comparison to an ‘old appellant’.
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The Central Board of Direct Taxes (CBDT) has notifies Rules and Forms for Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, that provides for lesser settlement amounts for a ‘new appellant’ in comparison to an ‘old appellant’.
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The Direct Tax Vivad Se Vishwas Scheme, 2024, applies to cases where appeals have been filed with the Commissioner (Appeals), Dispute Resolution Panel (DRP), Income Tax Appellate Tribunal (ITAT), High Court, or Supreme Court.
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