Income tax department may extend ITR filing deadline of July 31

The income tax department is feeling the pressure to grant more time…

FPIs Facing High Surcharge, Government to Work on Solutions

The Modi 2.0 government is planning to provide relief for FPIs or…

Changes in Corporate Tax in India Bring in Dissapointment

Corporate tax in India has seen a trend of increasing tax rates…

CBDT to Launch E-Assistance Campaign on Income Tax Day

In a move to make e-filing of tax returns after the recent…

Centre Might Notify More Classes to File Income Tax Returns

In order to curb tax evasion and widen the taxpayer base in…

Treatment of Transport Allowance for Financial Year 2018-19

Employers compensate for the travel expenses incurred by the employees for travelling…
CBDT

Unsolved IT litigations pile up at CIT-Appeal level, CBDT focuses

Central Board of Direct Tax (CBDT) is set to focus on litigation…

Finance Bill proposes to impose withholding tax on gifts received by NRIs

The Finance Bill 2019 was presented in the Union Budget on 05…

Central Board of Direct Taxes rolls out plan for financial year 2020

The Central Board of Direct Taxes (CBDT) has released its action plan…

Union Budget 2019: Additional Tax Deduction on Home Loan Interest

Nirmala Sitharaman, the Financial Minister, presented the first Union Budget of the…