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Tax rules for MNCs expected to change, suggestions from CBDT

On Thursday, the Income Tax (I-T) department proposed changes in the guidelines for taxation for multinational companies (MNCs) and digital companies that have permanent establishments...
Startup

Angel tax may lead new startups to register overseas

Tax authorities have sent across angel tax notices to many new startups to pay tax on the funds received to expand their businesses. The issue of...
Startup

Govt. simplifies tax exemption process for angel investments for startups

The government, on January 16, made it known that the procedure to seek income tax exemption for angel fund investments has been simplified for startups. Startups...
ITR-deadline

One month extension provided to file ITR

The last date to file Income Tax Returns (ITRs) has been extended by the month, with the government pushing the July 31 deadline to...

CBDT processes 99 per cent claims and issues Rs.70,000 crore worth...

The Central Board of Direct Taxes (CBDT) has processed 99 per cent claims and issued Rs.70,000 crore worth Income tax refunds as on June...
New-ITR-forms-notified-by-the-Central-Board-of-Direct-Taxes

CBDT Notifies New ITR Forms: GSTIN, Salary Breakup to be Submitted

The Central Board of Direct Taxes recently notified the new ITR forms for AY 2018-19. As per the notification, businessmen are mandated to provide...
CBDT

CBDT proposes new “faceless and nameless” e-assessment from 2018

The Central Board of Direct Taxes (CBDT) has proposed a new “faceless and nameless” e-assessment procedure for income tax payers in the country. With...
CBDT

I-T department implements chat facility to address income tax queries

After the Goods and Services Tax (GST) implementation, the GST Council had created a troubleshooting window in the form of a chat facility to...
CBDT

CBDT proposes new rule for self-reporting income and tax liability estimates

The Central Board of Direct Taxes (CBDT) has come up with a new rule for taxpayers to self-report their estimates of current income and...