[ad_1] The Central Board of Direct Taxes (CBDT) has announced April 30, 2025, as the deadline to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis […]
Income tax dept extends deadline for filing belated and revised ITR for AY 2024-25 to Jan 15 – CNBC TV18
[ad_1] The Central Board of Direct Taxes (CBDT) has extended the deadline for filing belated and revised Income Tax Returns (ITRs) for the assessment year (AY) 2024-25 for resident individuals. The new deadline is now set for January 15, 2025, moving it from the earlier due date of December 31, 2024. Index Fund Corner Sponsored […]
Bombay High Court asks CBDT to extend ITR filing deadline for these taxpayers to Jan 15 – CNBC TV18
[ad_1] The Bombay High Court has directed the Central Board of Direct Taxes (CBDT) to extend the Income Tax Return (ITR) filing deadline to January 15, 2025. The decision comes in response to a Public Interest Litigation (PIL) filed by The Chamber of Tax Consultants, as reported by The Economic Times. Index Fund Corner Sponsored […]
CBDT issues new guidelines for handling delayed income tax refund claims: What taxpayers should know – CNBC TV18
[ad_1] The Central Board of Direct Taxes (CBDT) has issued new guidelines for condonation of delay in filing income tax returns (ITRs) claiming refunds or carrying forward losses. These rules supersede all previous instructions. Here’s what taxpayers need to know: Power to accept/reject claims based on amounts Claims up to ₹1 crore: Principal Commissioners of […]
CBDT notifies rules for Direct Tax Vivad Se Vishwas Scheme for dispute resolution – CNBC TV18
[ad_1] In line with the Union Budget 2024-25 announcement by Finance Minister Nirmala Sitharaman, the Central Board of Direct Taxes (CBDT) has formally notified the Direct Tax Vivad Se Vishwas Scheme 2024. This scheme, effective from 1st October 2024, aims to settle long-pending income tax disputes by offering reduced settlement amounts, particularly for taxpayers who […]
CBDT’s new online dispute resolution scheme — how taxpayers can submit requests and get relief – CNBC TV18
[ad_1] The Central Board of Direct Taxes (CBDT) has launched the e-Dispute Resolution Scheme, 2022 (e-DRS), under Section 245MA of the Income-tax Act, 1961. This initiative aims to reduce litigation and provide relief to eligible taxpayers. The e-DRS allows taxpayers to electronically file an application for dispute resolution to the dispute resolution committees (DRCs) established […]