Central Board of Direct Taxes

Arun Jaitley to meet top brass of I-T, CBDT

Finance Minister Arun Jaitely will meet the top brass of the Income Tax department and Central Board of Direct Taxes later this month in the national capital.

Jul 02, 2014, 21:21 PM IST

Govt to look into abolishment of I-T exemption to charity org

The government will look into the abolishment of income tax exemptions to charity organisations in its budgetary exercise for the year 2014, according to an RTI response from the Central Board of Direct Taxes.

Apr 27, 2014, 14:50 PM IST

Nokia yet to come up with concrete proposal to settle tax row: CBDT

Nokia India Pvt Ltd so far has not come to the Central Board of Direct Taxes (CBDT) with a concrete proposal to settle its tax row with the department, a senior finance ministry official said Monday.

Mar 24, 2014, 21:46 PM IST

TDS due date extended till Mar 31 for govt deductors

The Revenue Department has extended the due date of filing TDS and TCS for 2012-13 and 2013-14 till March 31 in case of government deductors.

Mar 06, 2014, 22:43 PM IST

73% of direct tax target collected till February

With over 73 percent of its revenue target collected by February, the Income Tax department is hopeful of achieving a full kitty of direct tax collection of Rs 6.36 lakh crore by the end of this financial year on March 31.

Mar 02, 2014, 12:20 PM IST

'Adopt uniform procedures for non-filers of I-T returns'

With an aim to check tax evasion, the Central Board of Direct Taxes (CBDT) has tightened norms to deal with 'no-filers' of income tax returns and asked its officers to follow uniform procedure in handling such cases.

Sep 24, 2013, 19:53 PM IST

Govt warns tax deductors who fail to deposit TDS by due date

In a stern warning, the Revenue department Thursday said tax deductors who default in depositing TDS by due date will be liable for prosecution and can be imprisoned for up to seven years.

Aug 06, 2013, 20:28 PM IST

Foreign donations above Rs 1 crore under tax scanner

All foreign donations above Rs 1 crore will now come under the scrutiny of the Income Tax department.

Aug 06, 2013, 16:59 PM IST

Investors based in tax havens may have to share info with CBDT

Companies routing investments through tax havens will find it difficult to evade taxes with the introduction of norms requiring them to sign an agreement to share banking and other information with the CBDT.

Aug 04, 2013, 18:09 PM IST

Salary earners upto Rs 5 lakh need to file I-T return: CBDT

The Central Board of Direct Taxes (CBDT) had exempted salaried employees having total income of upto Rs 5 lakh including income from other sources upto Rs 10,000 from the requirement of filing income tax return for assessment year 2011-12 and 2012-13, respectively.

Jul 22, 2013, 19:39 PM IST

Relief to IT sector; CBDT withdraws circular, amends another

In a breather to the IT industry, the Income Tax Department Sunday withdrew a controversial circular and modified another one relating to taxation of R&D centres, which play a key role in software development.

Jun 30, 2013, 19:24 PM IST

Breather for IT cos: CBDT withdraws a controversial circular

The decisions were taken following representation from the industry for greater clarity on two circulars concerning international taxation or transfer pricing.

Jun 29, 2013, 19:02 PM IST

Difficult to recover 97% of Rs 4.82 lakh cr tax arrears: CBDT

The total arrears amount to be recovered, stuck because of a variety of reasons like litigation, companies in liquidation, sick companies and untraceable taxpayers, is Rs 4.82 lakh crore.

Jun 23, 2013, 13:41 PM IST

Current taxpayers number too small: CBDT chief

The current number of people who pay taxes in the country is "too small" and the Income Tax department will focus on non-filers and stop-filers to increase government's revenue collection, newly appointed CBDT chairperson Sudha Sharma told her officers Monday.

Jun 17, 2013, 17:35 PM IST

CBDT informs Vodafone on agreeing to non-binding conciliation

The Central Board of Direct Taxes (CBDT) has formally written to British telecom major Vodafone, agreeing to enter into a non-binding conciliation to resolve the long-standing tax dispute.

Jun 16, 2013, 14:23 PM IST

Target non-filers, stop-filers: FM to tax officials

"Tax officials should target non-filers and stop-filers to widen the tax base and tax collections," he said while addressing top officials of the Central Board of Direct Taxes (CBDT) here.

May 28, 2013, 23:38 PM IST

Govt will step up efforts to bring more people into tax net: FM

In a strong message to tax evaders, the government on Thursday said that it will step up efforts to bring more people into net and also endeavour to recover tax arrears.

May 02, 2013, 16:08 PM IST

I-T to initiate action against big TDS defaulters

The Income Tax department has decided to crack the whip on big companies and organisations that do not remit TDS money even after deducting it from their workers' salaries.

Mar 10, 2013, 09:07 AM IST

Rs 57,000 crore tax refunds so far this fiscal: Chidambaram

Government has so far refunded Rs 57,000 crore tax claims this fiscal and the small income tax payers are getting preference in refunds, Finance Minister P Chidambaram said Wednesday.

Dec 12, 2012, 19:54 PM IST

Revenue dept to chalk out plan to recover Rs 200 crore from KFA

Kingfisher Airlines, which has been making losses since its inception in 2005, owes more than Rs 200 crore in taxes to the government.

Nov 20, 2012, 14:06 PM IST