CBDT launches Electronic Campaign to address income and transaction mismatches for FY 2023-24 and FY 2021-22
The Central Board of Direct Taxes (CBDT) has launched an electronic campaign to assist taxpayers in resolving mismatches between the income and transactions reported in the Annual Information Statement …
CBIC Chairman launches new initiatives to enhance taxpayer services
The four citizen-centric initiatives include revised Citizen’s Charter, Revamped Citizen’s Corner for complete tax related information, ‘Ease of Doing Business’ tab for making suggestions, and CBIC Archives for tax …
Income Tax relief to the Cooperative societies
The Government of India has taken various initiatives to provide the income tax relief to cooperative societies. Details are as under: …
GST & Customs pavilion gets Bronze Medal for Excellence for the Public Communication and Outreach at IITF 2024
The GST and Customs Pavilion by the Central Board of Indirect Taxes and Customs (CBIC) has been awarded the Bronze Medal for its exceptional contribution to Public Communication and Outreach at …
CBDT’s PAN 2.0 Project to streamline and modernise process of issuing and managing PAN and TAN, making it simpler, more user-friendly and efficient
The Cabinet Committee on Economic Affairs (CCEA) has approved the Income Tax Department’s Permanent Account Number (PAN) 2.0 Project. This project aims to streamline and modernise the process of …
PAN 2.0: A Digital Leap in Taxpayer Services
The Permanent Account Number (PAN) has long been a cornerstone of India’s financial and administrative systems, connecting individuals and businesses to vital economic activities while promoting financial transparency and …
CBDT Chairman Shri Ravi Agrawal dedicates Taxpayers’ Lounge to nation builders at Indian International Trade Fair (IITF), 2024
CBDT also releases five informational brochures on various aspects of direct taxation for ease of understanding and taxpayers’ facilitation at IITF …
CBIC introduces relaxations for Customs Cargo Service Providers (CCSPs) by reducing number of days for insurance of storage goods and withdrawal of licence renewal process for AEO-compliant CCSPs
Relaxations will reduce cost and compliance burden, improve efficiency of EXIM operations, and facilitate global trade …
CBDT notifies Tolerance Range for Transfer Pricing for A.Y 2024-25 as per proviso to sub-rule (7) of rule 10CA of the Income-tax Rules, 1962
The Central Board of Direct Taxes (CBDT) has issued notification no. 116/2024 dated October 18, 2024 notifying the tolerance range for AY 2024-25. The notification of tolerance range shall …
CBDT issues Revised Guidelines for compounding offences under the Income- tax Act, 1961
In conformity with the Finance Minister’s budget announcement on simplification and rationalization of compounding procedure, CBDT has issued Revised Guidelines for Compounding of offences under the Income-tax Act, 1961(the …
