cbdt notification

The SSC is expected to announce the CGL 2026 notification soon, initiating recruitment for multiple Group B and C posts across key central departments. The exam will follow a two-tier selection process with skill tests for select roles. Eligible graduates can apply online, while detailed guidelines on downloading the notification and submitting applications will be available on the official website.

The Central Board of Direct Taxes (CBDT)’s latest notification allowing private hospitals to accept cash in excess of Rs 2 lakh for emergent Covid-19 treatment will regularise exploitation by private hospitals, said former Union energy secretary EAS Sarma.

CBDT has extended the validity period of nil or lower withholding tax certificates, where these certificates were set to expire in March-end, by three months. CBDT has stated that in all cases, where an application for nil or reduced withholding tax rate was pending and certificates had been issued for 2019-20, their validity would get extended to June 30.

The cbdt notification points out that during scrutiny proceedings, some AOs had been routinely calling for information that was not relevant for the enquiry.

The finance ministry on Wednesday extended the deadline for filing income tax returns for the assessment year 2022-23 by businesses till November 7. The last date for filing ITR by companies who are required to get their accounts audited was October 31.

The Punjab & Haryana High Court and Himachal Pradesh High Court have extended the income tax return filing deadline for audit cases to November 30, 2025. These rulings follow a similar directive from the Gujarat High Court, creating pressure on the CBDT to issue a nationwide notification. Tax professionals are urging swift compliance to avoid contempt.

New Delhi, May 18 () While seeking information from a foreign country in connection with black money stashed abroad by Indians, the CBDT has decided to refrain from invoking a specific treaty clause of not informing the person, except in special cases, in a bid to avoid delays.

State Bank of India (SBI) and other lenders that had purchased 10 billion equity shares of Yes Bank at Rs 10 per share under the reconstruction scheme approved by the RBI will not have to pay tax on the price differential (between what was paid by it and the fair market value).

Capital markets regulator Sebi on Friday asked investors to link their PAN with Aadhaar number by September 30 for continual and smooth transactions in the securities market. Failing to comply with this, a person's Permanent Account Number (PAN) card will become inoperative, which means incomplete Know Your Customer (KYC) details.

New Delhi, Jul 11 () CBDT today issued a fresh notification making it clear that information about those who declare their black money under the compliance window, ending September 30, will be kept secret.

NEW DELHI: In a bid to facilitate tax-payers, the government has extended by one month the last date for filing income tax returns in bulk by salaried employees to August 31.

Over 80,000 taxpayers who had deposited significant amounts of cash during the demonetisation period but failed to respond to initial notices sent by the income tax (I-T) department and furnish their tax returns for the financial year 2016-17 will now be subject to a ‘best judgement’ assessment.

In case of other entities, the minimum fee prescribed by CBDT is either of 0.3 per cent of the assets under management; or 10 per cent of profits derived by the fund in excess of the specified hurdle rate, where the remuneration is only to income or profit linked.

The income tax department has allowed non-resident taxpayers not having PAN to file Form 10F manually till March 31, 2023, a move which would ease their compliance burden and enable them to claim lower TDS rate.

New Delhi, May 23 () Senior citizens with a taxable income of up to Rs 5 lakh can now submit in banks and post offices Form 15H to claim exemption from TDS on interest income on deposits, according to a cbdt notification.

The CBDT has empowered the Income Tax Commissioner at Bengaluru's CPC to directly rectify assessment order mistakes under Section 154. This move aims to expedite corrections for taxpayers, addressing issues like miscalculations and missed credits, thereby reducing delays and enhancing transparency in the refund process.

PUNE: Tax and audit professionals can have a peaceful Diwali.

PUNE: Tax and audit professionals can have a peaceful Diwali.

In an attempt to monitor all deposits made under post office schemes and bring them at par with bank interest earnings, the CBDT has notified that income from post office savings schemes will be taxed from the current financial year.

The modified norms, which are aimed at encouraging budding entrepreneurs, will be effective retrospectively from February 19, when the Department for Promotion of Industry and Internal Trade (DPIIT) relaxed the norms for start-ups.

According to a notification issued by the CBDT, a person who furnishes Aadhaar, as they do not have PAN, "shall be deemed" to have applied for PAN and they won't be required to apply. The rule came into effect from Sept 1. The notification said the tax department will "obtain demographic information of an individual" from the UIDAI for allotment of PAN.

The tax department on Saturday exempted angel investors from income tax on their investments in startups with effect from April 11.