The computation of long-term capital gains is one of the most critical aspects of income tax compliance for investors, businesses, and individuals who deal with […]
CBDT
Section 220(2) Interest Waiver: CBDT Defines Monetary Thresholds for Tax Authorities
The Income-tax Act, 1961, lays down a comprehensive framework for the levy, collection, and administration of income tax in India. Within this framework, section 220(2) […]
CBDT’s Section 194-O Guidelines Simplify TDS Deduction for Digital Marketplaces
The digital revolution has transformed commerce, with e-commerce platforms acting as intermediaries between sellers and buyers across the country. To ensure transparency in income reporting […]
CBDT’s Faceless Compliance Drive: Automated Notices under Section 142(1)(i) for ITR Filings
Section 142 of the Income-tax Act is a foundational provision that empowers income-tax authorities to conduct inquiries before making an assessment. It ensures that the […]
CBDT Issues Circular on Form 10AC for Trusts and Charitable Institutions
The regulatory framework for charitable and religious trusts and other not-for-profit institutions in India has undergone a series of reforms over the last decade. These […]
Form 10B/10BB Due Date Extended for Charitable Trusts: CBDT Sets New Deadline
The Indian regulatory framework for charitable and religious organizations offers tax exemptions under various provisions of the Income-tax Act, 1961, to ensure that such entities […]
Form 12BBA and Section 194P: Simplified Tax Compliance for Senior Citizens by CBDT
The landscape of income tax compliance in India has undergone continuous transformation over the years to simplify procedures and improve taxpayer convenience. Among the significant […]
CBDT Simplifies Compliance Check for Higher TDS and TCS under Section 206AB & 206CCA
The Indian income tax framework has undergone multiple changes in the past decade with a sharp focus on widening the tax base, improving compliance, and […]
CBDT Notifies Form 69: Application for Income Re-computation
The landscape of income computation in India has been shaped by multiple legislative changes, judicial interpretations, and clarifications by the government. Among the significant developments […]
CBDT Responds to SC in Abhisar Buildwell: A Critical Perspective
This instruction was issued to standardize the implementation process of the Supreme Court’s decision, especially in cases involving completed or unabated assessments under sections 153A […]
Income Tax Return Forms FY 2024-25: Complete Guide for AY 2025-26
The Central Board of Direct Taxes (CBDT) has amended Rule 12 of the Income-tax Rules, 1962, which defines the criteria for the applicability of different […]
CBDT Grants More Time for Processing Delayed ITRs Filed with Condonation Requests
The Central Board of Direct Taxes (CBDT) plays a critical role in issuing timely clarifications and providing relief to taxpayers where procedural or systemic issues […]