CBDT dedicates June 1-15 for expeditious disposal of pending appeals
The move is aimed to address taxpayers' disputes regarding rectification and adjustments made in tax demands.
Jun 08, 2018, 13:30 PM ISTCBDT chief Sushil Chandra gets another one-year extension
CBDT has six members, apart from the chairman, and is responsible for framing policy related to direct taxes and the Income Tax Department.
May 25, 2018, 15:34 PM ISTIT dept cautions TDS deductors against quarterly filing default
As per income tax rules, TDS is to be deducted by the deductor (employer) from the salary of the employee and has to be filed every quarter or in three months time with the tax department.
May 18, 2018, 11:24 AM ISTFinish issuing all demonetisation notices by May: CBDT to I-T dept
IT department had launched an 'Operation Clean Money' (OCM) to check black money post demonetisation.
Apr 03, 2018, 17:52 PM ISTDo not take coercive steps against start-ups: CBDT to Taxman
For recovering pending taxes from start-ups under a specific provision of the Income Tax Act.
Feb 07, 2018, 17:59 PM IST100,000 Bitcoin investors get notices from Income Tax Department
The Taxman sent notices to those people, who have invested in cryptocurrencies like Bitcoin without declaring these in their income tax returns,
Feb 06, 2018, 19:01 PM ISTYou may face these penalties if you don't pay tax on time
Collection from income tax stood at Rs 1.88 lakh crore in 2015-16, lower from Rs 1.91 lakh crore in the previous year.
Dec 30, 2017, 11:06 AM ISTGovt sets up panel to review income tax laws
Prime Minister Narendra Modi, during the annual conference of tax officers in September, had observed that the Income-tax Act, 1961 was drafted more than 50 years ago and it needs to be redrafted.
Nov 22, 2017, 17:54 PM IST300% jump in PAN applications post demonetisation: CBDT
Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said while there were around 2.5 lakh PAN applications per month earlier, after the Centre announced to scrap high value currency notes in November last year, the number rose to 7.5 lakh.
Nov 14, 2017, 22:00 PM ISTDemonetisation: I-T dept to issue notices to suspicious cash depositors
The people who have filed their returns will be examined against the amounts they have deposited during the period of demonetisation, so that we can see whether they have correctly disclosed their income or not, the CBDT chief said.
Nov 14, 2017, 20:08 PM ISTCBDT signs 7 more unilateral APAs with taxpayers
The seven APAs signed over the last month pertain to sectors like FMCG, semi-conductor, information technology, travel and leisure, office furniture and engineering.
Nov 02, 2017, 17:35 PM ISTDirect tax collections jump 16% to Rs 3.86 lakh crore till September
A Central Board of Direct Taxes (CBDT) statement here said the collections for the period April-September amount to 39.4 per cent of the total budget estimates of direct taxes for the current financial year.
Oct 11, 2017, 18:03 PM ISTCBDT signs two more APAs with taxpayers
In fiscal 2017-18, 25 APAs (two bilateral and 23 unilateral) have been signed till date, the CBDT said in a statement.
Oct 07, 2017, 10:59 AM ISTHyderabad, Pune and Chennai top targets for Income Tax Department tax base growth
The Income Tax Department has been tasked to add 1.25 crore new return filers in the current financial year as part of the government's plan to widen the tax base in the country.
Sep 28, 2017, 17:40 PM ISTBenami property secret informers to get reward of 1 crore
According to the official, the information will have to be acute and identity of the informer will be kept secret. The department will never disclose the identity as this could endanger the informer.
Sep 22, 2017, 19:04 PM ISTCVC to probe govt employees deposits post demonetisation
Deposits of scrapped currency notes made by central government employees post demonetisation will be probed by anti-corruption watchdog Central Vigilance Commission (CVC), its chief K V Chowdary said on Sunday.
Sep 17, 2017, 11:26 AM ISTSluggish TDS growth: CBDT asks I-T dept to take urgent steps
CBDT Chairman Sushil Chandra has issued a stern directive to all the field offices of the Income Tax Department in this context and has sought an action taken report in less than a month's time.
Sep 14, 2017, 17:44 PM ISTCrackdown on shell companies: Tax dept, MCA to share PAN, audit reports
The MCA is in the process of cancelling the registration of 2.09 lakh companies that have not been carrying out business activities for a long period.
Sep 14, 2017, 16:29 PM ISTRestaurants may soon have to pay tax on service charge
Eateries still forcing customers to pay service charge may be subject to tax liabilities.
Sep 13, 2017, 11:20 AM ISTIf Law Ministry has its way, 'netas' will soon have to disclose wives' income
Politicians will soon have to disclose the income of their wives thanks to a proposal being studied by the Law Ministry.
Sep 13, 2017, 06:34 AM IST