cbdt

Startups

How to Create a Successful Partnership Agreement for Your Startup

Starting a prosperous business is rarely a solo endeavour - most flourishing startups are built on strong partnerships. Whether you're joining forces with a co-founder, bringing on an investor, or forming a strategic alliance,...

Mehul Shah - April 11, 2024

Income Tax

I-T Department issues Rs 17,061 CR of refunds to Taxpayers

The Income Tax Department on 12th May,2021 said it has issued over Rs 17,061 crore of refunds to more than 13 lakh taxpayers so far this fiscal year. Of this, personal income tax refunds worth...

Priya kejriwal - May 26, 2021

Income Tax

File Form 10A in 5 Easy steps

Are you an applicant registered under Section 12A and 80G or Section 12AA? (i.e Trust/Societies/Hospitals, etc.). Then you need to obtain fresh registration in the prescribed format under Sec 10(23C) of the Act by...

Priya kejriwal - May 7, 2021

Income Tax

CBDT extends various compliance dates due to Covid-19 Second Wave

In view of the adverse circumstances arising due to the severe Covid-19 pandemic and also in view of the several requests received from taxpayers, tax consultants & other stakeholders from across the country, requesting that various compliance dates...

Sourabh Agarwal - May 1, 2021

Income Tax

Faceless Penalty Scheme, 2021: Simplified

The Central Board for Direct Taxes (CBDT) vide Notification No. 3 of 2021 dated January 12, 2021, has notified the “Faceless Penalty Scheme” for conducting penalty proceedings under the Income-tax Act, 1961 (Act) in...

Priya kejriwal - April 27, 2021

Income Tax

Re-Registration of Trusts / Institutions [Notification No. 19/2021 dated 26.03.2021] :

The CBDT (Central Board of Direct Tax) has issued Notification No. 19/2021 dated 26th March, 2021 prescribing the procedure for Registration including re-approval / revalidation of existing Tax Exemption Registrations of Trust or Institutions. All the existing Trusts...