The following are the major proposals of the Budget 2021, as announced by FM Nirmala Sitharaman

Intimation received u/s 143(1) is not a Notice but a communication received from the income tax department.

Finance Act, 2020 introduced penalty provision to curb malpractices of issuing fake invoice. As explained by memorandum to Finance Bill,...

To encourage citizen participation as a stakeholder in enforcing tax evasion, the Central Board of Direct Taxes has launched an automated...

The CBDT has extended the due date of filing Income Tax Returns for the Financial Year 2018-19 to 30th September 2020. The CBDT said that...

The Income Tax Department is conducting an 11 days 'e-campaign' to increase voluntary compliance for Financial Year 2018-19 so that taxpayer

The number of Individuals treating trading as a full-time Business is increasing at a light fold pace. But, there is still a lot of confusio

As a relief for taxpayers to help cope with Covid-19, FM Nirmala Sitharaman with the Income Tax Department, CBDT, and Finance Ministry annou

On 8th July 2020, CBDT and SEBI signed a Memorandum of Understanding (MOU) for the exchange of data. Both these authorities mutually agreed