close

News WrapGet Handpicked Stories from our editors directly to your mailbox

CBDT

CBDT extends deadline for filing of ITRs and TARs for special cases requiring audits till October 31

The due date has been extended by the CBDT in respect of persons whose accounts are required to be audited.

Sep 26, 2019, 23:11 PM IST

Aadhaar holders to automatically receive PAN from I-T Dept

CBDT said that I-T department will obtain demographic information of an individual from the Unique Identification Authority of India (UIDAI) for allotment of PAN.

Sep 02, 2019, 16:31 PM IST

Era of Swiss bank secrecy over, India to get details of bank account holders from September

The development is a major success of the Narendra Modi government`s fight against black money ever since it first came to power in 2014.

Sep 01, 2019, 06:20 AM IST

CBDT chief PC Mody gets 1-year extension

A 1981-batch Indian Revenue Service (IRS) officer, Mody had taken charge of the top job in February succeeding Sushil Chandra.

Aug 29, 2019, 13:21 PM IST

CBDT refutes reports on differential regime between domestic investors and FPIs

The government has decided to withdraw the enhanced surcharge levied by Finance (No. 2) Act, 2019 on long/ short term capital gains arising from transfer of equity shares/units referred in section 111A and 112 A respectively.

Aug 28, 2019, 11:50 AM IST

Small start-ups with turnover upto Rs 25 crore will continue to get tax holiday, clarifies CBDT

The Section 80-IAC of the Income Tax Act, 1961 provides deduction for 100 percent of income of an eligible start-up for 3 years out of 7 years from the year of its incorporation.

Aug 23, 2019, 11:43 AM IST

CBDT refuses reports about Income Tax notices to Durga Puja Committees

The CBDT added that based on information that several contractors who were doing work for the committees were not paying due taxes, notices were issued in December, 2018 to about 30 committees, calling for details of tax deducted at source on payments made to contractors and event managers etc. engaged by the committees for the Puja events, including the TDS statement.

Aug 13, 2019, 23:56 PM IST

Income Tax department busts inter-state tax theft worth Rs 700 crore

As many as 55 places were raided by the Income Tax department in Tamil Nadu, including Chennai, Coimbatore, Thanjavur, etc and also in Kerala, Andhra Pradesh and Goa.

Aug 11, 2019, 12:05 PM IST

CBDT issues 19 FAQs on ITR forms for Assessment Year 2019-20

The Income-tax return (ITR) forms for the Assessment Year 2019-20 were notified on April 01.

Aug 09, 2019, 13:08 PM IST

CBDT enhances monetary limits for filing of appeals by Income Tax Department

CBDT said that there is a substantial pendency of appeals of the Income Tax Department before various appellate fora, adding that it is aware of the importance of litigation management and has been continuously working towards achieving the same.

Aug 09, 2019, 12:47 PM IST

CBDT extends due date for filing Income Tax Returns to August 31

Taking to Twitter, the Income Tax Department said the due date for filing of ITR for the assessment year 2019-20 was July 31 for certain categories of taxpayers but upon consideration of the matter, the CBDT extended the deadline.

Jul 23, 2019, 19:50 PM IST

Ease of tax compliance will promote ease of living: CBDT Chairman

Pre-filling of returns shall be able to reduce errors in tax calculation and also collection. Faceless assessment is a great step. Tax offices will be anonymized and the pain points will be minimized, he added.

Jul 10, 2019, 18:21 PM IST

Income Tax department to help public sector banks to recover bad loans

The directions has been issued by CBDT to all Principal Chief Commissioners of Income Tax (Principal CCIT are Zone heads).

Jun 26, 2019, 12:30 PM IST

CBDT extends due date for filing of TDS statement in Form 24Q

It has also extended the due date for issue of TDS certificate in Form 16 for financial year 2018-19 from June 15 to July 10

Jun 05, 2019, 16:01 PM IST

CBDT extends due dates of TDS compliance to deductors in Odisha

CBDT has done so to redress genuine hardship faced by the deductors due to the severe disruption of normal life and breakdown of communication systems caused by cyclone Fani in Odisha.

May 25, 2019, 10:06 AM IST

Congress does not belong to any kind of hawala: Ahmed Patel

I-T raids continue on day 3 to unearth Rs 281 crore racket of unaccounted cash. Watch this video to know more.

Apr 09, 2019, 15:32 PM IST

Election Commission calls CBDT chairman, Revenue Secretary to discuss IT raids

EC has called Revenue Secretary A B Pandey and CBDT Chairman P C Mody to explain the raids amid Congress' claims that enforcement agencies are being used by BJP to target the party ahead of the Lok Sabha poll. Watch this video to know more.

Apr 09, 2019, 13:06 PM IST

Election Breaking: I-T department detects Rs 281 cr racket of slush funds, seizes cash

The Central Board of Direct Taxes (CBDT) stated that the money trail led them to the house of a senior functionary of a political party living at Tughlaq Road. Watch this video to know more.

Apr 09, 2019, 12:00 PM IST

I-T department detects Rs 281 cr racket of slush funds, seizes cash

The Central Board of Direct Taxes (CBDT) stated that the money trail led them to the house of a senior functionary of a political party living at Tughlaq Road. Watch this video to know more.

Apr 09, 2019, 09:42 AM IST

Task force to review direct tax laws gets 3-month extension

The task force was assigned to draft direct tax laws in line with norms prevalent in other countries.

Mar 01, 2019, 13:56 PM IST