Central Board Of Direct Taxes Cbdt

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  Top Tax Authority CBDT Forms Panel To Review Income Tax Law

  An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global practices to simplify it for taxpayers for better compliance, CBDT chief Ravi Agrawal has said.

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  Taxman Signs 20 Unilateral Advance Pricing Agreements With Taxpayers

  The Central Board of Direct Taxes (CBDT) has singed 20 unilateral advance pricing agreements (APAs) with Indian taxpayers as it looks to reduce litigation by providing certainty in transfer pricing.

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  Taxman Signs 20 Unilateral Advance Pricing Agreements With Taxpayers

  The Central Board of Direct Taxes (CBDT) has singed 20 unilateral advance pricing agreements (APAs) with Indian taxpayers as it looks to reduce litigation by providing certainty in transfer pricing.

• Income Tax Department Asked to Redress Taxpayers' Grievances Fast

  Cracking its whip, the Central Board of Direct Taxes (CBDT) has asked the Income Tax Department to ensure prompt action in timely redressal of taxpayers' grievances pending for a long time.

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  Drastic Revision in Income Tax Returns Will Be Penalised, says Tax Department

  CBDT said that post demonetisation announced on November 8, some taxpayers may misuse the provisions to revise the return filed by them for the earlier assessment year.

• Finance Minister to Launch Enhanced Single Window Website for Taxpayers: Report

  Taxpayers will now be able to perform their income tax-related tasks like filing returns or applying for a PAN card from an enhanced single website to be launched by Finance Minister Arun Jaitley on Monday.

• Court Order on Vodafone Transfer Pricing Being Analysed, Say Taxmen

  The Central Board of Direct Taxes (CBDT) will give its views on the High Court order on Vodafone transfer pricing case after studying the judgement, chairman K V Chowdary said on Monday.

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  I-T Department Extends Deadline For Tax Savings Investments

  The Central Board of Direct Taxes (CBDT) has extended the time limit for making investments to claim income tax deduction by a month till July 31, 2020.

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  Here Are Some Income Tax Deadlines To Keep In Mind

  CBDT has extended the time limit for filing income tax returns, making investments to claim income tax deductions and for furnishing TDS and TCS statements.

• Alternative Investment Fund Income to be Taxed at 30 Per Cent: Revenue Department

  Income of alternative investment funds (AIFs) will be taxed at the maximum rate of 30 per cent, the revenue department has said.

• Tax Department Creates New Posts to Speed Up Cases: Report

  With an estimated Rs 4 lakh crore of tax revenue locked up in litigation, the Central Board of Direct Taxes (CBDT) has created over 240 new posts of Commissioners (Appeals) to speed up legal disposal system in the Income Tax Department.

• Government to look into abolishment of income tax exemption to charity organisations: report

  The government will look into abolishment of income tax exemptions given to to charity organisations in its budgetary exercise for the year 2014, according to an RTI response from the Central Board of Direct Taxes.

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  Two-Thirds Taxpayers May Shift To New Regime In 2023-24: Tax Body

  Central Board of Direct Taxes (CBDT) chairman Nitin Gupta has said that he expects at least 50-66 per cent (two-thirds) of the taxpayers to switch over to the new tax regime in the next financial year itself.

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  Direct Tax Collection Target Scaled Down In Budget; New Slabs To Benefit Taxpayers: CBDT Chairman

  "Those (earlier) estimates have been revised in the budget and our new target would be about Rs 11.80 lakh crore, which I am pretty confident that we will achieve," the CBDT Chairman told PTI in a post-budget interview.

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  Tax Body Directs Taxman To Maximise Collection Efforts As Growth Rate Not Satisfactory

  The CBDT chief also suggested some "strategies" to be adopted and implemented to achieve the targets.