CBDT issues Revised Guidelines for compounding offences under IT Act

Oct 17, 2024

In conformity with the Finance Minister's budget announcement on simplification and rationalization of compounding procedure, The Central Board of Direct Taxes (CBTD) issued Revised...

Govt reduces charges for TDS default from multiple rates of 2,3 and 5 pc to single rate of 1.5 pc

Oct 18, 2024

The new guidelines by Central Board of Direct Taxes (CBDT) for the compounding of offences under the Income-tax Act, 1961, aim to make the...

CBDT issues norms for compounding of offences under I-T Act

Sep 17, 2022

New Delhi [India], September 17 : The Central Board of Direct Taxes (CBDT) has issued revised guidelines with regards to the compounding of offences...

Odisha issues guidelines for Unlock 2

Jun 30, 2020

Bhubaneswar (Odisha) [India], June 30 : Odisha announced new guidelines for Unlock 2 keeping in view the central guidelines and the ground situation. The...

Taxpayers aged between 18 to 35 years filed 2,09,06,829 ITRs till Jan 31: Centre

Feb 07, 2023

As per Income-tax Act, 1961, tax is calculated and collected based on total income returned in Income tax Returns (ITR).

Personal income tax collection overtakes corporate tax: Report

Aug 27, 2025

Personal income tax collections have surpassed corporate taxes for the first time in India's history, signalling a structural shift in the country's direct tax...