CBDT releases new functionality in AIS to increase transparency.

👉In AIS, taxpayer has been provided with a functionality to furnish feedback on every transaction displayed therein. This feedback helps the taxpayer to comment on the accuracy of the information provided by the

Latest data released by CBDT [23-Jan-2024]

FY 2022-23 :
- ITRs by Individuals : 6.97 crore
[ Merely 4.98% of population ]

- ITRs by Firms : 15.1 lakh
- ITRs by Companies : 10.27 lakh

Note : Report doesn't mention how many ITRs had 'Zero Tax Liability'.

Chairman CBDT, Members CBDT and all officers/officials of the Income Tax Department are deeply saddened on the tragic demise of Shri Satyender Kumar, Office Superintendent, in the fire incident in CR Building yesterday. Despite concerted efforts at rescue, the official could not

CBDT releases new functionality in AIS to increase transparency.

Release of Guidance Note on Inventory Valuation under the Income Tax Act 1961 developed by CASB of ICMAI at the hands of Shri Nitin Gupta, IRS, Chairman, Central Board of Direct Taxes (CBDT), Ministry of Finance, Government of India on 09.05.2024

CBDT extended due date of filling form 10A/10B upto 30/06/2024

Shri. Nitin Gupta IRS, Chairman of CBDT released Guidance Notes on Inventory Valuation under the Income Tax Act 196 which is prepared by the Cost Accounting Standards Board of ICMAI

CBDT issues Guidelines for compulsory selection of ITR for Complete Scrutiny for FY 2024-25-1

Fantastic question..
Unfortunately lame response from FM. She is clueless.

#IncomeTax #STT #GST #CBDT #FinanceMinistry #TaxTerrorism #ICAI #CAStudents

On consideration of representations recd from across the country,CBDT has decided to extend the due date for filing of ITRs & Tax Audit Reports from 30th Sep,2019 to 31st of Oct,2019 in respect of persons whose accounts are required to be audited.Formal Notification will follow.

CBDT further extends time limit to 30th June 2024 for filling Form 10A/10AB beyond extended time limit of 30th Sept 2023

#IncomeTax

CBDT extends date of Form 10A/10AB for Charitable Trusts till 30.06.2024 via Circular 07/2024

- Now you can apply for renewal of registered trust under Section 10(23C), 12A and 80G till 30.06.2024.

- You can now apply for regular/permanent registration (Form 10AB) till

Collage of News Clippings with respect to Pre-Budget Memorandum presented by ICAI to the Central Board of Direct Taxes (CBDT) advocating Tax Reforms

Income Tax Due date extension alert:

CBDT extends due date for filing form 10A/10AB

Why it is important to file an #ITR ?
#Incometaxreturn #incometax #cbdt #salary #refund #loan #visa #education #vcjco #firozabad #agra #shikohabad #itr #incometax return #refund #gst #gst r #gst registration #tax #tax ation

CBDT extends date of 10A/10AB

Income Tax Important Update!

CBDT releases new facility in AIS.

The following attributes shall be visible to the taxpayer for status of Feedback confirmation from Source.

1. Whether feedback is shared for confirmation: This will let the taxpayer know if the feedback has been

CBDT releases new functionality in AIS to increase transparency.

👉In AIS, taxpayer has been provided with a functionality to furnish feedback on every transaction displayed therein. This feedback helps the taxpayer to comment on the accuracy of the information provided by the

CBDT releases new functionality in AIS to increase transparency.

✔️ Taxpayer has now been provided with a functionality to furnish feedback on EVRY transaction displayed therein.

✔️In case of wrong reporting, the same is taken up with the Source for their confirmation, in an