Page 21 - Cbdt

I-T dept releases Rs 5,200 cr refunds to over 800,000 small businesses

Further refunds of about Rs 7,760 cr to be made soon, GST refund claims of Rs 3,800 cr also processed

Tablighi leader booked to GMAT online exam: The latest on Covid-19 crisis

Kandhalvi had organised the religious gathering at Nizamuddin Markaz last month against the social distancing protocol imposed by the Centre to curb the spread of the deadly disease.

How to deduct TDS against salary under new rules from April? CBDT clarifies

The circular also addresses the confusion that there cannot be a change in option by the employee during the year, coming as a relief for employers

Coronavirus: Tax dept gives fresh relief to companies on lower TDS

CBDT had recently extended the validity of certificates issued for lower TDS or TCS for three months - till June 30 this year

Covid-19 lockdown: No coercion on taxpayers to pay up, clarifies FinMin

Income-Tax department had asked field formations to contact taxpayers over phone or email to follow up on pending collections

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.