Calculate now The recent Income Tax Bill has granted significant powers to the Central Board of Direct Taxes (CBDT). For example, the income tax assessing officer can request credit card and bank ...

This update is part of a circular issued by the Central Board of Direct Taxes (CBDT), which provides comprehensive guidance on income tax deduction from salaries under the Income-tax Act ...

The Income Tax Department has come out with a clarification in response to news reports incorrectly interpreting Income Tax ...

New Delhi: The Central Board of Direct Taxes (CBDT ... in reporting of income distributed to unit holders by trusts --vehicles used to pool in investments. The Income-tax (Fifth Amendment ...

The Central Board of Direct Taxes (CBDT) has now amended Income Tax rules to prescribe certain exemptions which can be availed by the employees. These include any allowance granted to meet the ...

Under the “compliance-cum-awareness campaign,” the Central Board of Direct Taxes (CBDT) had urged taxpayers to declare their foreign assets and income in revised income tax returns (ITRs).

The deal with the US is based on the US government’s Foreign Accounts Tax Compliance Act (FATCA) of 2010. Using this data, the CBDT urged taxpayers to declare their foreign assets and income in ...

the CBDT launched a 'compliance-cum-awareness campaign' on November 17, urging taxpayers to declare their foreign assets and income in revised income-tax returns (ITRs) for AY 2024-2025.

Chairman of the Central Board of Direct Taxes (CBDT), shared an official note recognizing the immense contributions of women in the Income Tax Department. He lauded their strength, dedication ...

Finance Minister Nirmala Sitharaman is set to table the New Income Tax Bill in Parliament this week, following its clearance by the ... Board of Direct Taxes (CBDT) actively sought input from ...