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On September 19, 2025, the Central Board of Direct Taxes (CBDT) released Circular No. 13/2025, offering assistance to taxpayers facing issues due to changes made in their income tax returns. This circular aims to help those who may be struggling with extra demands or complications resulting from these adjustments. U/s 115BAC(1A) of the Income-tax Act, […]
Circular No. 05/2025 has been issued by the Central Board of Direct Taxes (CBDT) to provide relief to taxpayers facing charges under Section 201(1A)(ii) and Section 206C(7) of the Income-tax Act, 1961. The circular allows for an exemption from interest on late payments of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) that resulted […]
Circular No. 04/2025 dated March 17, 2025, has been issued by the Central Board of Direct Taxes (CBDT) furnishing Frequently Asked Questions (FAQs) on the revised guidelines for the Compounding of Offences under the Income Tax Act, 1961. Effective from October 17, 2024, these revised guidelines, have the motive to ease the compounding process, making […]
To address the condonation of delay in submitting required income tax forms, Circular No. 16/2024 dated November 18, 2024, has been issued by The Central Board of Direct Taxes (CBDT). These required income tax forms are- Form No. 9A, 10, 10B and 10BB for the Assessment Year (AY) 2018-19 and the following assessment years. The […]
The Central Board of Direct Taxes (CBDT) has extended the deadline for submitting the recently introduced Form 56F, which pertains to the accountant’s report for the assessment year 2023-24, until December 31, 2023. In order to prevent genuine hardship, the Board has taken into account the challenges faced by taxpayers and other stakeholders in meeting […]
The Income Tax Appellate Tribunal (ITAT), Pune bench has ruled that according to the Central Board of Direct Tax Circular 2019, passing an assessment order without Document Identification Number (DIN) is a violation of the said Circular. Thus, the order was declared void ab initio by the bench. The appeal, opposing the assessment order, was […]
Delhi High court has rejected the recovery proceedings regarding the demand for income tax, for the problems that are in the favor of taxpayers through laying on the circular provided through the central board of direct taxes (CBDT). The taxpayer, M/S Expeditors International of Washington, Inc mentioned that the question would be the basis of […]
The Central Board of Direct Taxes (CBDT) has released a circular concerning Tax Deduction at Source (TDS) and income tax deduction on salaries for the year 2021-22. The circular provided today comprises the rates of the deduction of the income tax via payment of the income chargeable beneath the head salaries in the FY 2021-22 […]
A fresh circular no.9/2025 has been issued by the Central Board of Direct Taxes (CBDT), altering the earlier norms on the outcomes of Permanent Account Number (PAN) becoming inoperative under Rule 114AAA of the Income-tax Rules, 1962. The tax deductors and collectors who are facing the notices for the short deduction or collection of TDS/TCS […]
