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CBDT issues second round of Certificates of Appreciation to honest taxpayers!

Updated on: 09 Aug, 2023 11:20 AM

In its 1st Round, CBDT had issued such certificates to 8.43 lakh individual taxpayers by e-mail on the basis of the taxes paid for the A.Y. 2016-17. In continuation of the initiative, CBDT has started issuing the second round of certificates to another 10.15 lakh taxpayers. There are four categories for issuing letter of appreciation:

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

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

CA Abhishek Soni
CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.