Tag: The Central Board of Direct Taxes

Govt extends last date for availing direct tax dispute resolution scheme till December 31

The government has extended the last date for availing the direct tax dispute resolution scheme till December 31, 2020, the finance ministry notified on Tuesday....

I-T department carries out search and seizure operations on real estate firm in Srinagar and Delhi

The income tax department Thursday carried out search and seizure actions at 15 residential and business premises in Srinagar and Delhi, belonging to a real...

No use of coercive powers by tax officers in case of recoveries: CBDT

The Central Board of Direct Taxes (CBDT) has restricted the coercive or intrusive powers of tax officers in case of tax recoveries, with immediate effect....

IT Department issues guidelines for applicability of TCS provision with effect from Oct 1

New Delhi: The Income Tax Department on Tuesday issued guidelines for applicability of TCS provision which requires an e-commerce operator to deduct 1 per cent...

Employees allowed to claim I-T exemption on conveyance allowance under new tax regime: CBDT

New Delhi: The government has allowed individuals under new lower tax regime to claim I-T exemption on conveyance allowance received from employers. The Central Board...