Monday, May 23, 2022
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Central Board Of Direct Taxes

New Banking Rules: Government Makes Aadhaar Card/Pan Card Compulsory To Open Accounts, Deposit/Withdraw Money

New Banking Rules: Government Makes Aadhaar Card/Pan Card Compulsory To Open Accounts, Deposit/Withdraw Money

An assessee needs to mention his/her PAN in all communications with the I-T department and while entering into specified financial transactions.

11 May 2022
Reforms In I-T Dept, 'strengthening' Of Economy Led To Record Tax Collections: CBDT Chairman

Reforms In I-T Dept, 'strengthening' Of Economy Led To Record Tax Collections: CBDT Chairman

It will be very difficult to say how things will pan out the next year but there is no room to say that good times only last for four quarters, J B Mohapatra...

19 March 2022

How Are Cess And Surcharge Calculated For Incomes Above Rs 50 lakh?

Those with income above Rs 50 lakh face higher taxability due to surcharge and cess of at least 10 per cent.

CBDT Issues Over Rs 1.71 Crore Tax Refunds for FY22

CBDT Issues Over Rs 1.71 Crore Tax Refunds for FY22

Out of the refund amount, Rs 63,234 crore have been issued in almost 1.95 cases, whereas corporate tax refunds amounted to Rs 1,08,322 crore in 2,28,604...

16 February 2022

Exclusive: Government Already Has Data On Crypto Sector, Is Watching Large Players, Says Tax Body Chief

The government has zeroed in on investors who make large investments in the crypto asset. Chairman of the Central Board of Direct Taxes J.B. Mohapatra says...

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07 February 2022
Around 6.17 Crore ITRs, 19 Lakh Audit Reports Filed On New IT Portal, Says CBDT

Around 6.17 Crore ITRs, 19 Lakh Audit Reports Filed On New IT Portal, Says CBDT

Out of 6.17 crore ITRs filed for the assessment year 2021-22 (FY2020-21), 48 per cent of these are ITR-1 (2.97 crore), nine per cent is ITR-2 (56 lakh), 13 per...


24 November 2021
CBDT Processed Refunds Worth Rs 1.23 Lakh Crore To 1.11 Crore Taxpayers

CBDT Processed Refunds Worth Rs 1.23 Lakh Crore To 1.11 Crore Taxpayers

In September, the deadline for filing the income tax return was extended to December 31. This was the second instance when the deadline was extended.


18 November 2021
CBDT Processes Refunds Worth Rs 1.19 Lakh Crore To 1.02 Crore Taxpayers

CBDT Processes Refunds Worth Rs 1.19 Lakh Crore To 1.02 Crore Taxpayers

CBDT has issued IT refunds of over Rs. 1,19,093 crore to more than 1.02 crore taxpayers from April 1,2021 to November 15,2021. This includes 67.99 lakh refunds...


10 November 2021
CBDT Processed Refunds Worth Rs 1.16 Lakh Crore To 98.90 Lakh Taxpayers

CBDT Processed Refunds Worth Rs 1.16 Lakh Crore To 98.90 Lakh Taxpayers

Income tax refunds worth Rs 36,000 crore have been issued in approx 97.1 lakh cases and corporate tax refunds worth Rs 79,917 crore have been issued in 1.77...


27 October 2021
Processed Income Tax Refunds Worth Over Rs 1.02 Lakh To More Than 77.92 Lakh Taxpayers: IT Dept

Processed Income Tax Refunds Worth Over Rs 1.02 Lakh To More Than 77.92 Lakh Taxpayers: IT Dept

Additionally, income tax refunds of Rs 27,965 crore have been in approx 76.2 lakh cases. Corporate tax refunds of Rs 74, 987 crores have been issued in about...


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