Differentiate Direct Tax & Indirect Tax in India with Example and List
Introduction People residing in a country have to necessarily pay the taxes to the government of that country. Taxes come in different forms. Whether you...
Tag : Central Board of Direct Taxes (CBDT)
SEBI-Registered FPIs and Sovereign Wealth Funds Exempt from Angel Tax
Government and government-related investors such as central banks, sovereign wealth funds, international or multilateral organisations; entities registered with the Securities and Exchange Board of India...
PAN Not Linked to Aadhaar will be Unserviceable by March 2023
On Saturday, the Income Tax Department said those Permanent Account Numbers (PANs) not linked to Aadhaar by the end of March next year would be...
Advance Tax Mop-Ups 17% Between April-September to Rs 2.95 Trillion
The advance tax collection, both corporate and personal, has grown 10.1 per cent yearly to Rs 1,92,600 crore Q2FY23. The corporation advance tax mop-up in...
Direct Tax Collection Hits Rs 3.39 Trillion, Up 45%: CBDT
From April 1 to June 16, Net direct tax collection surged 45% to Rs 3.39 trillion in the fiscal year compared with Rs 2.33 trillion...
PAN, Aadhaar Are Must-Haves for Cash Transactions Over Rs 2 Lakh/Year
Soon, you will have to provide your PAN or Aadhaar if you wish to withdraw or deposit more than Rs 2 lakh in a financial...
CBDT Refunds Rs 1.54 Lakh Crores to 1.59 Crores Taxpayers
The Central Board of Direct Taxes (CBDT) has issued more than Rs 1,54,302 Crores to over 1.59 crore taxpayers from April 1 to January 10,...
IT Department Founds Rs 500 Crore Transactions After Raids in Gujarat
Transactions of over Rs 500 crore have been detected after the Income Tax Department raided a Gujarat-based who manufactures stainless steel and metal pipes, the...
JB Mohapatra Appointed as Chairman of Central Board of Direct Taxes
Indian revenue services officer JB Mohapatra has been selected as the Chairman of the Central Board of Direct Taxes (CBDT), the finance ministry announced in...
CBDT Notifies New ITR Forms For AY 2021-22
The Central Board of Direct Taxes (CBDT) has notified new income tax return (ITR) forms for the assessment year 2021-22, said an official release issued...