News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Direct Tax »
 CBDT issues new guidelines for compounding
 New I-T guidelines tightens screw on tax evaders
 Have not filed ITR yet? Know last date, late filing fee and other details
 Filing Income Tax Returns? Avoid These Six Common Mistakes
 Form 15G -For Non deduction of TDS on Interest for Individuals & HUF
  Filing ITR-1 this year? You must know about these changes
 File your ITR in just 7 minutes – Here is how Income Tax Return filing
  Don't make these mistakes to avoid getting tax notice ITR filing
 Income Tax returns deadline of July 31 likely to be postponed
 Income Tax returns deadline of July 31 likely to be postponed
 8 Documents You Need to Make the Process Simple It’s Time to File Income Tax Returns

CBDT starts issuing second round of Certificates of Appreciation to tax payers
October, 26th 2016

The Central Board of Direct Taxes (CBDT) has commenced issuing the second round of certificates of appreciation to tax payers who have contributed to nation-building.

The CBDT has started issuing the second round of Certificates to 10.15 lakh tax payers.

Finance Minister Arun Jaitley personally handed over certificates to a few individuals at North Block to commence the program of taxpayer appreciation on 19th September, 2016.

The Central Board of Direct Taxes has sent out such certificates of appreciation to 8.43 Lakh individual tax payers by e-mail in the following categories on the basis of the taxes paid by them for the Assessment Year 2016-17:

i. Platinum : Tax contributed Rs. 1 Crore and above

ii. Gold : Tax contributed Rs. 50 Lakh to Rs. 1 Crore

iii. Silver : Tax contributed Rs. 10 Lakh to Rs.50 Lakh

iv. Bronze : Tax contributed Rs. 1 Lakh to Rs.10 Lakh

Taxpayers have lauded this new initiative and have reacted with pride and satisfaction that their contribution towards spending on various infrastructure development, social sector and welfare schemes out of revenues mobilized through tax payments have been acknowledged.

While the earlier set of certificates had mostly included individuals who e-verified their returns, the second phase will cover those individuals who have filed their returns within the due date and their ITR-V has been received well before the 120 day period for submission provided under the Income Tax Act.

The CBDT has urged taxpayers to e-file their returns in time and verify their return by submitting the Electronic Verification Code online or sending their ITR-V within the 120 day period so that they can also be acknowledged for their contribution. The Department is committed to continuous improvement of taxpayer services and seeks the cooperation of all taxpayers in contributing their fair share of taxes voluntarily.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions