CBDT

CBDT Introduces Real-Time Information Confirmation in AIS for Taxpayers

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The Annual Information Statement (AIS) is available to all registered Income Taxpayers through the compliance portal, accessible through the e-filing website (www.incometax.gov.in). AIS provides details of a large number of financial transactions undertaken by the taxpayer which may have tax implications. AIS is populated based on the financial data received from multiple information sources. In AIS, … Read more

CBDT Signs Record Number of 125 Advance Pricing Agreements (APAs) in FY 2023-24

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https://www.youtube.com/channel/UCzLlfxDoEmbKkVDdHsZLrHg

The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) in FY 2023-24 with Indian taxpayers. This includes 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). This marks the highest ever APA signings in any financial year since the launch of the APA programme. The number of … Read more

CBDT Clarifies Amid Media Reports on Special Drive to Reopen HRA Claim Cases

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Certain instances of mismatch of information as filed by the taxpayer and as available with the Income Tax Department have come to the notice of the Department as part of its routine exercise of verification of data. In such cases, the Department has alerted the taxpayers to enable them to take corrective action. However, some … Read more