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

CBDT gives 21 days to non-filers to file I-T returns, submit response

Non-filers can file I-T returns, submit response online.

Jan 23, 2019, 11:51 AM IST

CBDT allows manual filing by resident, NRI taxpayers for nil or lower TDS certificate

The CBDT has also allowed resident applicants to file manual application in Form No. 13 before the TDS officer or in ASK Centers till December 31.

Dec 26, 2018, 13:56 PM IST

Govt to set up panel to look into tax issues faced by startups

The committee of experts, it said, will make recommendations on individual cases of recognised startups.

Dec 21, 2018, 11:45 AM IST

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

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

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 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

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 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

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

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 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

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

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

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

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

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

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

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