हिन्दी मराठी বাংলা தமிழ் മലയാളം ગુજરાતી తెలుగు ಕನ್ನಡ ਪੰਜਾਬੀ

CBDT

CBDT signs 4 more advance pricing pacts with tax payers

The CBDT expects more APAs to be concluded and signed before the end of the current fiscal.

Feb 07, 2017, 13:16 PM IST

Focus of Budget is on tax compliance: CBDT

The Union Budget 2017-18 focuses on increasing tax compliance while at the same time safeguarding the honest tax payers from any harassment, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said on Monday

Feb 06, 2017, 19:24 PM IST

'SMEs to pay 25% tax even if Rs 50-crore limit crossed in FY17'

The I-T department today said companies that had a turnover of less than Rs 50 crore in 2015-16 will pay tax at the reduced rate of 25 percent from April 1 even if they cross the threshold in 2016-17 or subsequent years.

Feb 06, 2017, 16:02 PM IST

18 lakh taxpayers to get Income Tax notices to explain large deposits

18 lakh taxpayers to get Income Tax notices to explain large deposits. Watch the full segment for more details.

Jan 31, 2017, 22:06 PM IST

Operation 'Clean Money': Crackdown begins; 18 lakh people to get IT notice if deposits don't match income

The Income Tax department has identified 18 lakh people who have made 'suspicious' cash deposits post demonetisation, including those having deposited over Rs 5 lakh, and will send emails and SMSes seeking explanation about their source of funds.

Jan 31, 2017, 18:03 PM IST

GAAR from April 1, 2017; to be invoked in fair, rational manner: CBDT

GAAR, it said, will come into force from April 1 and can be invoked only through a two-stage process involving a nod at the level of principal commissioner of income tax and a panel headed by a high court judge.

Jan 27, 2017, 19:31 PM IST

GAAR to be effective from April 1, 2017: CBDT

Addressing investors' concerns ahead of GAAR implementation from April 1, the tax department today said it will not interplay with their right to choose a method of transaction and won't apply if routing of funds through a jurisdiction is "based on non-tax commercial considerations".

Jan 27, 2017, 18:13 PM IST

IDS disclosures valid if taxes payment delayed but realised by December 5: CBDT

In a minor relaxation to IDS tax payment rules, the Income Tax Department has said disclosures under the scheme will be considered valid even if the tax amount has been realised by December 5.

Jan 17, 2017, 14:19 PM IST

Good news for taxpayers in New Year: Taxman to ensure no grievance remains pending over 30 days

In what could come as a good news for taxpayers in the new year, the Income Tax department has asked its officials to resolve their grievances within 30 days time.

Jan 03, 2017, 16:35 PM IST

Black money: Proof of tax paid, 4-year lock-in must to avail of new income disclosure scheme

Black money holders keen to avail of the new tax evasion amnesty scheme will have to first deposit 49.9 percent tax and park a quarter of their unaccounted cash in zero-interest deposit before being able to apply for it.

Dec 28, 2016, 15:34 PM IST

Avoid discussing official decisions on Twitter, Facebook: CBDT to I-T

A directive has been issued by the CBDT to the Income Tax department officials to avoid discussing official decisions on social media platforms such as Twitter, Facebook and others.

Dec 24, 2016, 16:56 PM IST

Businessmen, traders required to report cash receipt over Rs 2 lakh in single transaction: CBDT

Businesses and traders are required to report any single transaction of cash exceeding Rs 2 lakh for sale of goods and services to the income tax department.

Dec 23, 2016, 15:37 PM IST

Election Commission delists 255 unrecognised political parties, writes to CBDT for financial probe

The Election Commission, which has unlisted 255 registered but unrecognised political parties between February and December 15 this year, has now asked the Central Board of Direct Taxes (CBDT) to look into the financial contributions to them.

Dec 23, 2016, 13:22 PM IST

RBI was adequately prepared for demonetisation; has enough currency stocks to last beyond December 30: Jaitley

In a bid to make economy cashless, government is planning to offer tax incentives to small traders who are accepting payments through digital mode.

Dec 20, 2016, 13:46 PM IST

Govt offers tax incentives to small traders accepting digital payments

In a bid to make economy cashless, government is planning to offer tax incentives to small traders who are accepting payments through digital mode.

Dec 19, 2016, 16:24 PM IST

CBDT warns penal action against those "drastically" altering ITR to revise income

Central Board of Direct Taxes (CBDT) on Wednesday issued strict warning to assessees who are trying to misuse the provision of revising I-T returns.

Dec 14, 2016, 14:01 PM IST

Know about latest changes made by government in PAN card rules post demonetisation

After making the note ban decision, the government has brought about certain changes in the requirements of Permanent Account Number (PAN).

Dec 13, 2016, 15:47 PM IST

Deposits into Jan Dhan A/Cs decline after government warning

Following the government's warning that action would be taken against those using their Jan Dhan accounts to convert black money into white, deposits into such accounts have reportedly decelerated.

Dec 07, 2016, 22:11 PM IST

Demonetisation: Over Rs 130 crore in cash and jewellery seized, says CBDT

Following the demonetisation move, over Rs 130 crore in cash and jewellery has been siezed while taxpayers have admitted Rs 2,000 crore undisclosed income, the Central Board of Direct Taxes (CBDT) informed on Tuesday.

Dec 06, 2016, 17:40 PM IST

No tax on gold purchased out of disclosed income; maximum 500 gm per married woman allowed: Govt

Gold in all its forms that is purchased out of disclosed or exempted income, household savings and inherited through a legal course from ancestors will not be subject to tax, said Finance Ministry on Thursday.

Dec 01, 2016, 16:35 PM IST