Tag: Central Board of Direct Taxes

What’s Driving Americans To Live Paycheck To Paycheck? One Person Says It’s Like Being ‘Thrown Into Adulthood Without A Map’

Market
Many Americans are stuck living paycheck to paycheck, and it's not just because they don't make enough money. While low wages and the rising cost of living are factors,...

Doubling tariff on steel, aluminium by US to disrupt India’s metal exports: Experts

Economy
New Delhi: US President Donald Trump's announcement to double tariffs on imported steel and aluminium will impact Indian exporters, particularly those engaged in value-added and finished steel products and auto-components, experts say. Expressing concern over...

CBDT introduces new rules for business trusts and investment funds, tightening compliance and updating tax forms

Economy
The Central Board of Direct Taxes has implemented new rules requiring business trusts to file income distribution statements by June 15. Updated forms...

Net direct tax kitty swells 16% to Rs 16.90 lakh crore so far in FY25

Business
NEW DELHI: The net direct tax collection grew 15.88 per cent to about Rs 16.90 lakh crore so far this fiscal,...

Taxman recovers Rs 35,500 crore outstanding from April to September

Economy
New Delhi: The Central Board of Direct Taxes (CBDT) has recovered ₹35,500 crore of outstanding dues for the April-September period of this financial...

Revenue dept forms 22 sub-committees to review I-T act

Economy
The Indian government has formed 22 sub-committees to reassess the Income Tax Act, aiming to simplify it and make it more user-friendly. ...

CBDT extends ITR filing deadline for corporates to November 15

Economy
The deadline for corporate income tax returns filing for assessment year 2024-25 has been extended by 15 days to November 15.The Central Board...

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