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.

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.

Discover the main points and requirements outlined in CBDT's interim plan for the 2024-25 fiscal year

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.

The CBDT has released Income Tax Return Forms well ahead of time for the Assessment Year 2024-25.

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.

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.

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).