ITR filing 2025: Form 16, Form 24Q formats tweaked, CBDT issues circular on salary, surcharge updates
The CBDT has made tweaks in Form 16 regarding tax deductions and benefits. These changes aim to provide clearer details on ...
CBDT amends norms, mandates detailed income disclosures for business trusts
For tax purposes, business trusts such as REITs, InvITs, and certain AIFs get pass-through status and are not taxed on the ...
The Financial Express5h
Taxpayers attention! Form 16 and Form 24Q formats changed; some other major updates in CBDT circular
The CBDT circular has been issued on 20 February 2025, and it will be applicable to the tax returns of the financial year ...
Live Law1d
CBDT Cannot Impose Limitations To Extinguish Rights Granted Under Income Tax Act: Delhi High Court
Recently, the Delhi High Court held that Central Board of Direct Taxes (CBDT) cannot impose limitations to extinguish rights ...
CBDT streamlines reporting requirements of trusts
The changes are effective from Monday and hence, going forward, any compliance required, especially for financial year ...
CBDT introduces self-help tool to provide instant answers to I-T bill 2025
The Income Tax Department has introduced an online self-help tool to assist taxpayers in understanding the changes proposed ...
CBDT introduces new rules for business trusts and investment funds, tightening compliance and updating tax forms
The Central Board of Direct Taxes has implemented new rules requiring business trusts to file income distribution statements ...
CBDT reminds employers of TDS obligations, highlights penalty for failure
In a circular issued on Thursday, CBDT highlighted that penalty is applicable where tax is not deducted at source on ...
Nationwide Tax Crackdown: 40,000 TDS Defaulters Under Scrutiny – Check If You're On Radar
The Central Board of Direct Taxes (CBDT) has developed a 16-point plan to identify and monitor cases of TDS non-compliance.
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CBDT launches self-help tool to make you understand Income Tax Bill 2025: How to use
The tool is available on the official income tax website and helps users compare provisions of the new bill with the current ...
Tax Guru15h
ITAT Delhi Dismisses Revenue Appeal as Tax Effect was Below Rs. 60 Lakh Limit
This Revenue’s appeal for assessment year 2016-17, arises against the Commissioner of Income Tax (Appeals)-3 [in short, the “CIT (A)”], Noida’s dated 17.05.2023 in case no. CIT (A)- ...