The Supreme Court on 2nd March 2021 held that Indian Companies need not deduct tax for the amount they pay foreign manufacturers and suppliers for use or re-sale of computer software through end-user license agreements (EULA).
Shri P.C. Mody, Chairman, CBDT inaugurates the Phase II - Mid-Career Training Programme of Indian Revenue Service Officers today.
CBDT has extended various due dates of Assessment and Re-Assessment under the IT Act, together with due dates under the Benami Act for Department Officers
The Central Board of Direct Taxes has further extended the due date for filing declarations under the Direct Tax Vivad se Vishwas Act 2020. Updated due dates together with the official notification has been listed here.
Rates of TCS applicable for Financial Year 2021-22 (Assessment Year 2022-23) has been listed here.
Not received your Refund yet? Learn how to Pre-Validate your bank account on the e-Filing portal of the Income Tax Department.
Rates Of TDS Applicable as per the Income Tax Act for Financial Year 2021-22 (Assessment Year 2022-23) has been listed here.
Income tax refunds of Rs. 69,653 crore have been issued in 1,90,52,977 cases & corporate tax refunds of Rs. 1,26,083 crore have been issued in 2,17,399 cases.
CBIC has exempted certain classes of people from Aadhar Authentication under the provisions of sub-section (6B) or sub-section (6C) of section 25 of the CGST Act.
The Central Board of Direct Taxes has laid down the assessment procedure to be followed by National E-Assessment Centres. Read the official notification and procedure released here.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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