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Covid-19: Govt extends lower withholding tax orders validity by 3 months

Due to Covid-19 outbreak, there is severe disruption in the normal working of almost all sectors, including functioning of the Income Tax department

Covid-19 impact: Govt may extend Mar 31 deadline for paying income-taxes

Change in financial year for I-T purposes expected amid Covid-19 outbreak

Struggling to meet target, IT staffers urge to extend FY20 to Apr 30

The associations say at least 95 per cent of their members commute via public transport and "government advisories are suggesting to avoid public transport as far as possible"

Vivad se Vishwas scheme: Settlement, a fact-intensive decision

From taxpayers' point of view, this scheme provides a good window of opportunity to reduce litigation and it must be evaluated positively.

Coronavirus outbreak may delay roll-out of Vivad se Vishwas scheme

Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy are not covered under the scheme.

CBDT asks govt to tell PSUs to opt for 'Vivad se Vishwas' scheme

So far, no PSU has shown interest in the scheme

To provide clarity on Vivad se Vishwas scheme, CBDT releases FAQs

'Vivad Se Vishwas' scheme was announced during the Union Budget, 2020 to provide for dispute resolution in respect of pending income tax litigation

Can't cherry-pick issues under 'Vivad se Vishwas', clarifies govt

Disputes relating to wealth, securities transactions, commodities transaction tax, and the equalisation levy will not be covered under the Vivad se Vishwas amnesty scheme.

Vivad se Vishwas scheme: I-T officials up in arms over CBDT diktat

The move comes after the direct tax body put out a directive, asking officials to bring all the disputed cases under the scheme

I-T unearths Rs 3,500-cr TDS default by oil, telecom firm in Delhi: CBDT

CBDT, which frames policy for the tax department, did not name the entities involved

Vivad se Vishwas scheme: 100% target or poor appraisal, taxmen told

Declarants will need to attach the application on withdrawing cases from the CIT (A), the IATA, High Court, or the Supreme Court, along with the Vivad se Vishwas form.

CBDT to link field officers' appraisals, postings with 'Vivad se Vishwas'

'Vivad se Vishwas' scheme for resolving income tax cases was announced during the 2020-21 Budget presentation by Finance Minister Nirmala Sitharaman

Taxmen to ease rules for amnesty scheme, help assessees to meet deadline

Assessees may now face pressure from the commissioner of income tax (appeals), or CIT(A), to withdraw cases

CBDT to base taxmen's appraisal on their 'Vivad se Vishwas' performance

FM Nirmala Sitharaman had proposed this direct tax dispute resolution scheme in her budget speech on February 1

CBDT notifies 10-IC, 10-ID forms for firms to avail lower corporate taxes

Form 10-IC will have to be filed by the companies that wish to avail the beneficial rate of 22 per cent upon relinquishment of the exemptions/incentives offered under the Income Tax Act.

Confident of meeting Rs 11.7-trn direct tax collection target in FY20: CBDT

Income tax collection target for next fiscal is pegged at Rs 6.38 trillion and corporate tax collection at Rs 6.81 trillion

Vivad se Vishwas: CBDT to collect data on direct tax cases in high courts

The CBDT has asked the regional Income Tax Department chiefs to "personally monitor" the exercise

Budget paved way for perfect ecosystem for startups in India: CBDT

CBDT Chairman P C Mody said most of the issues pertaining to startups were already addressed in last budget

10% TDS only on dividend payment by mutual funds, clarifies CBDT

CBDT clarification removed uncertainty over treatment of capital gains

New tax slabs proposed in Budget to benefit taxpayers: CBDT chairman

The set target for revenue collection (personal income tax, corporate tax and others) was Rs 13.35 trillion for the 2019-20 financial year that ends on March 31