Central Board of Direct Taxes (CBDT) Current Affairs - 2020

CBDT Launched Faceless Income Tax Appeals

The Central Board of Direct Taxation (CBDT) has launched the faceless income tax appeals today on September 25, 2020. The Announcement was made by the Prime Minister Narendra Modi on the birth anniversary of Pandit Deen Dayal Upadhayay. He made his statement during the launch of Faceless Assessment and Taxpayers’ Charter under the “Transparent Taxation Read More…

Govt extends deadline for filing income tax returns till September 30

Considering current global pandemic COVID-19 the government of India on Wednesday for the third time extended the deadline for filing income tax returns for 2018-19 financial year for two months till September 30. Before this in March, the due date was extended from March 31 to June 30 for the first time and again in Read More…

CBDT and CBIC sign MoU on Data Sharing

On July 21, 2020, the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) signed Memorandum of Understanding to exchange data with each other. Highlights The agreement will help to facilitate exchange of information between the boards on regular basis. The agreement signed replaces the former agreement signed between Read More…

MoMSME and CBDT sign MoU

The Central Board of Direct Taxes (CBDT) and Ministry of Micro, Small and Medium Enterprises (MoMSME) signed Memorandum of Understanding (MoU) to share data. Highlights The Memorandum of Understanding will facilitate sharing of Income Tax Return related information by the Income Tax Department of MoMSME. Nodal officers will be appointed to facilitate the process of Read More…

CBDT launches a new Utility Tool for Banks and Post Offices for Proper Implementation of Finance Act 2020

The Central Board of Direct Taxes (CBDT) has informed on 12th July 2020 that a new Utility Tool has been launched that will facilitate the Banks and Post Offices across the country with the accurate TDS rate (Tax Deduction at Source) applicable on cash withdrawals. The utility tool can be accessed by the Banks and Read More…