# cbdt
12 posts in `cbdt` tag
CBDT's Relaxation of TDS/TCS Provisions
The Central Board of Direct Taxes (CBDT) has introduced a relaxation in Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) provisions for cases where the deductee or collectee has passed away before linking their Permanent Account Number (PAN) with Aadhaar. This relaxation provides relief to family members and heirs of deceased taxpayers who may be facing difficulties in obtaining the refund of excess TDS or TCS deducted or collected. In this blog, we will delve into the details of this relaxation and its implications on taxpayers.
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By Krishna
CBDT Mandates Electronic Filing of Appendix-II Forms
The blog post discusses the CBDT's mandate for electronic filing of Appendix-II forms under the Income Tax Rules, 1962, effective from April 1, 2024. It covers the electronic filing process, forms covered, benefits of electronic filing, and compliance requirements for taxpayers. The post aims to inform and guide taxpayers about the new mandate, helping them prepare for the upcoming changes and ensure timely and accurate filing of Appendix-II forms.
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By Krishna
CBDT Exempts RBI from Higher TDS Deduction under Section 206AB of Income Tax Act, 1961: A Comprehensive Analysis
This article explains the recent exemption of the Reserve Bank of India from higher TDS and TCS rates under sections 206CCA and 206AB of the Income Tax Act, 1961. It provides an understanding of the sections and their implications for the RBI and the Indian economy.
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By Krishna
Understanding the New Scrutiny Guidelines for ITRs (FY 2024-25)
The new scrutiny guidelines for ITRs (FY 2024-25) provide transparency in the tax department's functioning and bring in a data-driven approach for identifying cases for scrutiny assessment. This blog post demystifies the new scrutiny guidelines for ITRs (FY 2024-25) and provides a comprehensive guide for taxpayers to ensure that they are compliant with the tax laws and avoid any potential scrutiny.
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By Krishna
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CBTD Extends Registration: What You Need to Know
In this blog post, we'll discuss the recent extension of CBTD's registration and provide you with all the essential details you need to know. Whether you're a current or potential registrant, this post will give you insights into the latest updates and changes to CBTD's registration process.
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By Krishna
Taxman on High Alert: CBDT Cracks Down on Evasion with Transaction Reporting
In a move to strengthen tax compliance and curb evasion, the Central Board of Direct Taxes (CBDT) in India is mandating "reporting entities" like banks, fintech companies, and property registrars to submit details of all high-value transactions conducted during the financial year 2022-23. This blog post explains what this means, who it affects, and why the CBDT is taking this step.
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By Krishna
Understanding CBDT's Plan for 2024-25: What's Coming Up?
Discover the main points and requirements outlined in CBDT's interim plan for the 2024-25 fiscal year
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By Krishna
Important Update: Income Tax Department Announces Changes to ITR Verification Process
Taxpayers in India beware! The Central Board of Direct Taxes (CBDT) has tightened the noose on income tax return (ITR) verification. Starting April 1, 2024, you only have 30 days from filing your ITR electronically to verify it. Miss this deadline and your return could be considered invalid, potentially leading to penalties. This synopsis highlights the key points of the new rule, including the verification timeframe, process, and consequences of non-compliance.
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By Krishna
CBDT ITR Forms 1-6 for AY 2024-25: Streamlining Tax Filing for Enhanced Convenience - APNOKACA Update
The CBDT has released Income Tax Return Forms well ahead of time for the Assessment Year 2024-25.
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By Krishna
CBDT Notification ITR-6 Form for AY 2024-25 Unveiled by APNOKACA
The Central Board of Direct Taxes released Notification No. 16/2024 on January 24, 2024, regarding Income Tax Return (ITR) Form ITR-6 for the Assessment Year 2024-25.
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By Krishna
CBDT Extends Deadline Processing Refund Claims ITRs 2018-19 2020-21
Considering pending grievances related to refunds for assessment years 2018-19, 2019-20, and 2020-21, the CBDT, using its powers under section 119, relaxes the timeframe for processing.
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By Krishna
Reactivate PAN CBDT Deactivates 11.5 Crore Aadhaar Link Fail
Approximately 11.5 crore PAN cards were deactivated for failing to meet the Aadhaar linkage deadline, as revealed in an RTI response from the Central Board of Direct Taxes (CBDT).
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By Krishna