The Central Board of Direct Taxes (CBDT) has said it will not grant further extensions for filing return for cases where audit reports need to be filed. The last date for filing the audit report is January 15 and for filing returns is February 15, for such cases. “All representations for further extension of the … Read more
NEW DELHI: Transactions under the goods and services tax show that the economy is on a continued path of recovery even after a resurgence of Covid-19 forcing reimposition of movement restrictions and lockdowns in major parts of the country, finance secretary Ajay Bhushan Pandey has said. That and improved compliance aided GST collections to touch … Read more
NEW DELHI: The Income-tax department has raided multiple premises of a self-styled evangelist from Kerala that allegedly “siphoned off” tax exempted funds and donations received from abroad for the poor and channeled them into real estate and personal investments, the CBDT said on Friday. The searches were carried out on Thursday at 66 premises in … Read more
The Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) signed a Memorandum of Understanding (MoU) for exchange of information This MoU supersedes the MoU signed between CBDT and the erstwhile Central Board of Excise and Customs (CBEC) in the year 2015. “Significant developments have taken place since … Read more