Central Board of Direct Taxes

CBDT notifies emails as new communication mode with taxpayers

The CBDT has notified use of emails as the new mode of communication between the taxman and taxpayers.

Dec 06, 2015, 18:49 PM IST

Black money: ED scanner on Indians named in HSBC list

Tightening the noose around Indians whose names figured in the 'stolen' Swiss HSBC bank black money list, the Enforcement Directorate has begun a preliminary investigation in these cases for an independent hawala and money laundering probe.

Nov 22, 2015, 13:24 PM IST

Black money: CBDT reviews HSBC accounts, ICIJ cases

The CBDT Thursday reviewed some important black money and tax evasion probes being conducted by the Income Tax department, including the HSBC Geneva banks list and few others where it is suspected that Indians have stashed assets abroad.

Nov 19, 2015, 20:56 PM IST

Good news for taxpayers! Income Tax grievances to be addressed in 2 months

Taxpayers facing "high-pitched" assessments or unfair scrutiny by the Income Tax Department can now attempt to get their grievances redressed in a short time before undertaking the arduous litigation route of courts or other appellate mechanisms.

Nov 17, 2015, 17:43 PM IST

Arun Jaitley launches eSahyog, PAN camps to streamline taxation procedure

"The objective of the I-T department is to make life as easy as possible for the assessee and difficult only for those who consciously evade and avoid taxes," Arun Jaitley said while launching the twin initiatives of Central Board of Direct Taxes (CBDT).

Oct 27, 2015, 20:00 PM IST

CBDT looks to connect with taxpayers online in smaller cases

The Income Tax Department has started a pilot project of using e-mails for sending notices, getting replies as well as carrying out tax assessments in an attempt to make sure taxpayers don't have to visit I-T offices physically in smaller cases.

Oct 20, 2015, 13:40 PM IST

Era of tax avoidance to minimise liability over, warns CBDT

All those in business trying to minimise the applicable tax in any manner would be dealt with sternly,CBDT Chairperson Anita Kapur siad on Thursday.

 

Oct 08, 2015, 14:51 PM IST

People with Rs 4 lakh income, mofussil residents on IT radar: CBDT

Those earning Rs 4 lakh per annum, besides people in tier-II and tier-III cities with taxable income but not paying taxes are on the radar of the Income Tax department which has launched an ambitious drive to net one crore new assesses this financial year.

Sep 27, 2015, 10:08 AM IST

Have you won a `lottery`? Your money may be going to Dawood Ibrahim

Stepping up pressure on underworld don Dawood Ibrahim, the Income Tax officials on Thursday unearthed Rs 100-crore hawala racket in Kolkata, West Bengal.

Sep 25, 2015, 13:24 PM IST

SC-appointed SIT to make Odisha a test case to regulate trust donations

Determined to regulate flow of cash and other valuables as donations to spiritual and religious trusts, the Supreme Court-appointed Special Investigating Team (SIT) on black money is going to make mushrooming of godmen and godwomen in Odisha a test case.

Aug 28, 2015, 00:43 AM IST

Govt notifies tax rebate for 21 backward districts in Bihar

Ahead of the assembly polls, the Centre has notified 21 districts of Bihar, including capital Patna, as "backward" areas for conferring income tax rebate of 15 per cent on setting up of new manufacturing plants and buildings.

Aug 18, 2015, 18:06 PM IST

Have centralised monitoring for audit objections: CAG to CBDT

Government auditor CAG has suggested to the Central Board of Direct Taxes to introduce centralised monitoring mechanism to timely deal with the internal audit objections.

Aug 11, 2015, 22:30 PM IST

I-T warns of action against those disclosing secret tax info

The Central Board of Direct Taxes (CBDT) said the confidentiality of taxpayers' information has assumed a greater significance in view of "increased availability of information" regarding offshore tax evasion, tax avoidance and stashing of unaccounted money abroad.

Jul 19, 2015, 12:50 PM IST

Government asks top taxmen to ideate for widening tax base

The unique move comes in the backdrop of the government recently asking the I-T department to take urgent steps to widen the tax base and add at least 25 lakh new assesses every month during the current financial year 2015-16.

Jun 14, 2015, 13:08 PM IST

Black money: Keep foreign info strictly secret, CBDT tells I-T

CBDT has issued fresh instructions to the taxman to ensure that information on individuals holding black money abroad is strictly kept secret as any "careless" act could give an excuse to the data supplying country for not helping India in the future.

Jun 03, 2015, 21:18 PM IST

CBDT effects changes; Chairperson divests investigation charge

The CBDT has effected an in-house change of charges with Chairperson Anita Kapur divesting the additional charge of investigations to another Member in the board.

May 19, 2015, 19:38 PM IST

Govt to study HC stay order on MAT levy on FIIs

With a foreign fund house getting a court stay on the controversial MAT levy, the tax department Tuesday said it will study the Bombay High Court order before taking a view on the matter.

May 05, 2015, 22:33 PM IST

I-T dept collects Rs 6.96 lakh cr revenue during 2014-15

The achieved collections are about Rs 9,000 crore or 14 percent short of the projected target of Rs 7,05,000 crore.

May 03, 2015, 15:59 PM IST

CBDT to settle foreign funds' claims within a month

The Income Tax department has directed its officers that cases of foreign institutional investors (FIIs) seeking tax exmption under the Double Taxation Avoidance Agreements (DTAAs) with other countries must be decided within a month of claim filing.

Apr 27, 2015, 19:06 PM IST

All MAT tax claims under DTAA to be settled in a month

Central Board of Direct Taxes will settle all minimum alternate tax (MAT) matters of FIIs coming under the ambit of Double Taxation Avoidance Agreements within a month of filing of claims.

Apr 27, 2015, 14:39 PM IST