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KPMG FLASH NEWS KPMG IN INDIA CBT notifies income tax returns and extends the scope of filing 6 May 2013 As the Government has adopted a path of bringing technology to ease procedural and administrative
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What is cbdt notifies income-tax returns?
The CBDT (Central Board of Direct Taxes) notifies income-tax returns to regulate the filing of income tax returns by individuals, companies, and other entities.
Who is required to file cbdt notifies income-tax returns?
Any individual or entity who has taxable income exceeding the specified threshold set by the CBDT is required to file income-tax returns as per the guidelines notified by the CBDT.
How to fill out cbdt notifies income-tax returns?
To fill out income-tax returns as per the CBDT notification, individuals and entities need to gather all the necessary information and documentation about their income, deductions, and exemptions. Then, they can use the designated forms and online portals provided by the income tax department to file their returns.
What is the purpose of cbdt notifies income-tax returns?
The purpose of the CBDT notifying income-tax returns is to ensure proper assessment and collection of income tax from individuals, companies, and other entities. It helps in maintaining transparency and compliance with the income tax laws in the country.
What information must be reported on cbdt notifies income-tax returns?
The specific information and details that need to be reported on income-tax returns as per the CBDT notification include the taxpayer's income from various sources, deductions claimed, taxes paid, investments made, and other relevant financial information.
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