CBDT

CBDT allows taxman to widen certain 'limited scrutiny' cases; orders no roving enquiries

CBDT allows taxman to widen certain 'limited scrutiny' cases; orders no roving enquiries

The CBDT has said that it only picks less than 1 percent cases, out of the total returns filed, for scrutiny every year.

Nov 29, 2018, 17:27 PM IST
Direct tax collections to exceed target this fiscal: CBDT chief

Direct tax collections to exceed target this fiscal: CBDT chief

This year so far 6.02 crore ITRs have been filed with the Income Tax Department.

Nov 15, 2018, 13:57 PM IST
Net direct tax collection grows 15.7% to Rs 4.89-lakh crore: CBDT

Net direct tax collection grows 15.7% to Rs 4.89-lakh crore: CBDT

This marks over 42 percent of the full-year direct tax collection target of Rs 11.5 lakh crore for the fiscal ending March 31, 2019.

Oct 22, 2018, 18:13 PM IST
Number of crorepatis has risen by 60% in India: CBDT

Number of crorepatis has risen by 60% in India: CBDT

Number of salaried taxpayers has increased by 37 percent in India, CBDT said.

Oct 22, 2018, 15:46 PM IST
ITR filing: Last day to file income tax returns today

ITR filing: Last day to file income tax returns today

Filing ITR can be done both online and offline. Not filing ITR or late filing can attract a penalty up to Rs 10,000. 

Aug 31, 2018, 08:01 AM IST
Income Tax returns deadline extended to September 15 for flood-hit Kerala

Income Tax returns deadline extended to September 15 for flood-hit Kerala

Income Tax assessees in Kerala can now file their I-T returns till September 15.

Aug 28, 2018, 21:20 PM IST
PAN-Aadhaar linking deadline extended again till March 2019

PAN-Aadhaar linking deadline extended again till March 2019

As per updated data till March, over 16.65 crore PANs, out of the total about 33 crore, have been linked with Aadhaar.

Jul 01, 2018, 07:07 AM IST
CBDT dedicates June 1-15 for expeditious disposal of pending appeals

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 IST
CBDT chief Sushil Chandra gets another one-year extension

CBDT 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 IST
IT dept cautions TDS deductors against quarterly filing default

IT 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 IST
Finish issuing all demonetisation notices by May: CBDT to I-T dept

Finish 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 IST
Do not take coercive steps against start-ups: CBDT to Taxman

Do 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 IST
100,000 Bitcoin investors get notices from Income Tax Department

100,000 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 IST
You may face these penalties if you don't pay tax on time

You 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 IST
Govt sets up panel to review income tax laws

Govt 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 IST
300% jump in PAN applications post demonetisation: CBDT

300% 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 IST
Demonetisation: I-T dept to issue notices to suspicious cash depositors

Demonetisation: 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 IST

CBDT 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 IST
Direct tax collections jump 16% to Rs 3.86 lakh crore till September

Direct 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 IST
CBDT signs two more APAs with taxpayers

CBDT 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 IST

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