Central Board of Direct Taxes

'Advance pricing agreement to provide clarity about tax'

The introduction of advance pricing agreement (APA) regime would provide clarity to the taxpayers, a senior government official said Thursday.

Sep 27, 2012, 22:45 PM IST

FM to review I-T dept's appeal-filing mechanism soon

The Minister may review the mechanism in the middle of next month with senior officials of the Finance Ministry and the Central Board of Direct Taxes (CBDT).

Sep 27, 2012, 18:50 PM IST

CBDT promises tax refund in three months

The Central Board of Direct Taxes (CBDT) on Thursday said it has reduced the time period for tax refunds to three months and would take steps to release arrear payment as fast as possible.

Sep 06, 2012, 21:59 PM IST

IT dept to ensure timely refunds: CBDT chief

The Income Tax department will aim to issue faster and accurate refunds this financial year and introduce new taxpayer friendly services.

Aug 26, 2012, 16:25 PM IST

CBDT for new laws, strict penalties to deal with black money

A CBDT panel on black money has suggested enactment of new laws, strengthening of existing legislation and introduction of deterrent penalties for tax offences to deal with the menace.

Aug 14, 2012, 21:04 PM IST

No amnesty scheme to check black money: Govt

The Income Tax Department has not recommended 'amnesty scheme' to deal with the issue of black money, the government said Wednesday.

Aug 08, 2012, 20:24 PM IST

Four key FinMin officials including Basu, Gopalan retire

The term of Gopalan, Basu, Central Board of Direct Taxes (CBDT) Chairman Laxman Das and Central Board of Excise and Customs (CBEC) Chief S K Goel ended on July 31.

Jul 31, 2012, 23:20 PM IST

CBDT extends e-filing date for liaison offices of foreign cos

The CBDT has extended the last date for electronic filing of returns for liaison offices of foreign entities by four months to September 30 as the appropriate facility has not yet become operational.

Jun 21, 2012, 22:14 PM IST

Tax Dept detects concealed income of Rs 19,938cr in last 2 yrs

The government Monday said the income tax department has detected concealed income of Rs 19,938 crore in the last two fiscals.

May 21, 2012, 22:29 PM IST

CBI to train officers on ways to bring back black money

The CBI will begin on Monday its first training exercise for its investigators on ways to recover of blackmoney stashed abroad as part of Interpol's Global Programme on anti-corruption and asset recovery for prosecutors.

Feb 12, 2012, 14:35 PM IST

Decision on filing review petition in Vodafone case by weekend

The Supreme Court decision will have implications on similar cross-border deals where the companies have not paid capital tax gains.

Jan 25, 2012, 18:27 PM IST

Govt to launch special drive to unearth unaccounted money

Faced with resource crunch, the government on Wednesday directed the I-T Department to launch a special two-month long drive from Friday to scrutinise high-value transactions to unearth unaccounted income.

Jan 18, 2012, 20:00 PM IST

No cases against German bank account holders: CBI to CBDT

CBI is understood to have communicated to the Central Board of Direct Taxes that none of the individuals whose names figure in the LGT Bank accounts for stashing illegal funds abroad has any pending CBI cases against them.

Nov 25, 2011, 23:55 PM IST

Black money: CBI gets names of account holders

The CBDT has provided to CBI for possible action the names of those individuals whose names have figured in the LGT Bank accounts for stashing illegal funds abroad.

Nov 24, 2011, 17:32 PM IST

Govt may extend period of reopening of IT returns to 16 yrs

The government may allow taxmen to dig into income tax filings of past 16 years of suspected assessees, a move aimed at strengthening the mechanism to investigate black money cases.

Oct 07, 2011, 22:09 PM IST

Telenor liable to pay taxes: CBDT tells JPC probing 2G scam

Telenor of Norway has confirmed that it has permanent establishments in India which makes it liable to pay taxes from revenue sourced from the country, the Central Board of Direct Taxes (CBDT) told the Joint Parliamentary Committee (JPC) looking into the 2G scam.

Sep 08, 2011, 00:22 AM IST

Govt will achieve tax collection targets: CBDT

Allaying fears of sluggish economic growth impacting tax collections, Central Board of Direct Taxes Chairman Prakash Chandra Thursday exuded confidence that revenue targets for 2011-12 will be achieved.

Jul 28, 2011, 15:17 PM IST