Tag: Central Board of Direct Taxes

Recovery continues despite phases of Covid-19 resurgence: Ajay Bhushan Pandey

NEW DELHI: Transactions under the goods and services tax show that the economy is on a continued path of recovery even after a resurgence of...

Interest paid on refinanced loan may get tax break

With the drop in interest rates on home loan, many borrowers are realizing that they are paying fairly high rates in comparison. At times, the...

Tax department allows one-time verification of past income tax returns by September 2020

The tax department has provided a one-time window till September this year to taxpayers who haven’t verified their income tax returns for the assessment years...

Tax relief likely on creation of ‘permanent establishment’

NEW DELHI: India will provide relief to overseas companies with global income that may be subject to tax here because the presence of their key...

I-T department watchful of transactions with companies from tax havens

NEW DELHI: The income tax department will carry out additional due diligence on financial transactions that involve entities from countries or jurisdictions that are considered...

PFRDA plans alternative to compulsory annuity in NPS

The Pension Fund Regulatory and Development Authority (PFRDA) is working on a plan to introduce an alternative to the mandatory annuity that a subscriber has...