Implementation of New Tax Regime and Its Impact on Direct Tax Revenue
1.Introduction: A tax is a compulsory transfer of funds from the private sector to the government. Among different sources of
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CBDT
CBDT extends deadline for charitable trusts’ registration till June 30
The income tax department extended the deadline for charitable and religious trusts to furnish registration application with tax authorities till
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CBDT sees 70% of individuals switching to new tax regime
About 70% of personal income taxpayers are expected to shift to the new tax regime, which has been sweetened in
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In coming months, I-T may reopen many big old cases
The Central Board of Direct Taxes (CBDT), guided by a Supreme Court (SC) order issued in April, has sent out
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Over 6 crore ITR filings processed for AY 2034-24
As many as 6.98 crore tax returns have been filed for income earned in 2022-23 fiscal and out of them,
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CBDT extends deadline for re-registration by charitable, religious trusts to Sept 30
The Income Tax department has extended the deadline for charitable and religious trusts to furnish applications for re-registration and approval
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13 Crore People Yet To Link PAN & Aadhaar
CBDT Chairperson Nitin Gupta said 48 crore PAN cards have been linked with Aadhaar so far, and those who do
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CBDT unveils tax calculator to help choose between old, new regime
CBDT unveils tax calculator to help choose between old, new regime After adding a sweetener to the new Income Tax
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Federal Bank, CBDT join hands for online tax payment services
Federal Bank has partnered with the Central Board of Direct Taxes to assist taxpayers pay through the e-pay tax facility
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CBDT to I-T: Do not reopen sub-Rs. 50L cases for AYs ’14-16
The Central Board of Direct Taxes (CBDT) has issued exhaustive instructions to its income tax (I-T) cadre on reopening of
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