Central Board of Direct Taxes

'IT dept sent 266 requests overseas in Panama papers probe'

The Income Tax department has sent over 260 requests overseas seeking information in connection with its tax evasion probe in the Panama papers leak case.

May 03, 2017, 23:20 PM IST

Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ

The government has notified Income-Tax Return Forms for the Assessment Year 2017-18 and one of the major reforms made in the notified ITR Forms is the designing of a one page simplified ITR Form-1 (Sahaj).

Apr 25, 2017, 10:19 AM IST

Bank accounts to be blocked if not self-certified by April 30 – Key things you should know

The CBDT has advised all financial institutions that all efforts should be made by them to obtain self-certification.

Apr 12, 2017, 10:31 AM IST

Ban on cash dealings not applicable for bank, post office withdrawals

Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday.

Apr 05, 2017, 20:57 PM IST

E-filing for two ITRs launched by I-T dept

The Income Tax department today launched the e-filing facility for select Income Tax Returns (ITRs) for the assessment year 2017-18.

Apr 01, 2017, 13:42 PM IST

CBDT to hold review meeting on PMGKY, tax collection on Mar 17

The CBDT will hold a high-level meeting later this week to review the progress in collections under the black money window of Pradhan Mantri Garib Kalyan Yojna (PMGKY), that will close on March 31.

Mar 15, 2017, 20:42 PM IST

Fast track prosecution cases against shell companies: CBDT to taxmen

As the noose tightens around shell companies evading taxes, the CBDT Chairman has asked field officers to file prosecution cases against those entities which claimed bogus long-term capital gains.

Mar 12, 2017, 11:36 AM IST

Shell companies under our radar: CBDT chief

The Central Board of Direct Taxes (CBDT) is examining several dubious companies and they would be removed from the website of Ministry of Corporate Affairs (MCA) if found to be shell firms.

Mar 04, 2017, 12:48 PM IST

Demonetisation: I-T dept to strictly take on depositors of unverified cash over Rs 5 lakh

Depositors of cash worth Rs 5 lakh or above, during the demonetisation period, who failed to verify the same will be taken on strictly by the Central Board of Direct Taxes (CBDT)

Feb 22, 2017, 10:15 AM IST

No amnesty for bank deposits linked to money laundering: CBDT

Any bank account suspected to have been "misused" for money laundering or shell company operations won't be exempted from probe under 'Operation Clean Money' despite having low deposits.

Feb 21, 2017, 20:53 PM IST

I-T dept clarifies on deposits, says no questions on deposits up to Rs 2.5 lakh

"There is no need to fear for any genuine person. We will ensure there is no harassment to genuine person," Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said at CII post-Budget seminar.

Feb 06, 2017, 17:48 PM IST

Government to issue exemption list on new tax for unlisted firms

Government will come out with an "exhaustive list" of transactions on which the "anti-abuse" provision of levying long-term capital gains tax on share transfer in unlisted companies will not be applicable.

Feb 06, 2017, 16:08 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

Home Minister's residence, J&K CID office - Addresses of political parties de-listed by EC

Fearing misuse of financial contributions, the Election Commission has asked the Central Board of Direct Taxes (CBDT) to look into the finances of 255 registered but unrecognised political parties it has unlisted this year.

Dec 23, 2016, 06:53 AM 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

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

Government has no plan to impose tax on gold jewellery of women

Dispelling fears of government action on gold hoarding or jewellery belonging to households, Union Minister Ravi Shankar Prasad, on Tuesday, said that government is not considering any plan to impose tax on jewellery of women.

Dec 06, 2016, 18:51 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

CBDT directives to IT dept: Widen tax base, prevent avoidable disputes

In fresh directives, the CBDT has asked the taxman to take steps for widening the existing tax base, prevent avoidable disputes and ensure that the honest taxpayer is "facilitated" while stressing that tax evasion cases are handled without fear.

Nov 03, 2016, 13:02 PM IST

Sushil Chandra takes charge as CBDT chairman, to serve till May 2017

Senior Indian Revenue Service (IRS) officer Sushil Chandra Tuesday took over as chairman of the Central Board of Direct Taxes (CBDT).

Nov 01, 2016, 20:54 PM IST