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CBDT

Sources: CBDT directive, recovery increased by focusing on central PSUs

Sources: CBDT directive, recovery increased by focusing on central PSUs

Sat, Mar 07, 2020

Zee Business got to know from sources that the Central Board of Direct Taxes has given directions to increase recovery by focusing on central PSUs.

IMPORTANT! CBDT clarification against Income Tax misinformation - Top things to know

IMPORTANT! CBDT clarification against Income Tax misinformation - Top things to know

Thu, Feb 13, 2020

The Income Tax department through its Twitter handle @IncomeTaxIndia has posted about a clarification issued by CBDT with respect to certain misinformation which is being circulated in social media pertaining to individual tax filers.

Annual direct tax collection target of Rs 13.35 lakh crore! Strategy meeting done - Here are details

Annual direct tax collection target of Rs 13.35 lakh crore! Strategy meeting done - Here are details

Sat, Jan 04, 2020

Revenue Secretary Ajay Bhushan Pandey held a high-level meeting with senior officials of CBIC and CBDT on Friday to strategise and streamline the field functions in order to achieve the direct tax and the GST target of Rs 1.10 lakh crore each in the next two months and Rs 1.25 lakh crore in the f

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Income Tax Department processes 92% of Income Tax Returns within 60 days

Income Tax Department processes 92% of Income Tax Returns within 60 days

Mon, Feb 13, 2017

The Government of India's Income Tax Department has processed 92% of Income Tax Returns (ITRs) within 60 days for the current financial year 2016-17(FY17).

Central Board of Direct Taxes signs four unilateral Advance Pricing Agreements

Central Board of Direct Taxes signs four unilateral Advance Pricing Agreements

Tue, Feb 07, 2017

The Central Board of Direct Taxes announced on Tuesday of signing four unilateral Advance Pricing Agreements (APAs) pertaining to the manufacturing, financial and information technology sectors.

Here are salient features of Direct Tax proposals of Budget 2017

Here are salient features of Direct Tax proposals of Budget 2017

Wed, Feb 01, 2017

Read salient features of Direct Tax proposals of India's Union Budget 2017-18 announced on February 1, 2017.

India attends international task-force meet on Panama Papers in Paris

India attends international task-force meet on Panama Papers in Paris

Fri, Jan 20, 2017

The Government of India announced on Friday of its participation in the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) meeting on Panama Papers held in Paris on January 16 and 17.

Foreign accounts, property, bullion can't be disclosed under Pradhan Mantri Garib Kalyan Yojana Scheme: Govt

Foreign accounts, property, bullion can't be disclosed under Pradhan Mantri Garib Kalyan Yojana Scheme: Govt

Wed, Jan 18, 2017

Drawing a line for disclosure under the new tax evasion amnesty scheme, the government on Wednesday said only unaccounted domestic cash holding can be declared through it and not jewellery, stocks, immovable property or overseas accounts.

Tax dept keeps in abeyance circular on indirect transfer

Tax dept keeps in abeyance circular on indirect transfer

Wed, Jan 18, 2017

Nangia & Co Partner Amit Agarwal said FII/FPIs are highly sensitive breed of investments and the circular had brought in more apprehensions than clarity.

GJEPC expects FM Arun Jaitley to reduce import duty on gold to 5% in Budget 2017

GJEPC expects FM Arun Jaitley to reduce import duty on gold to 5% in Budget 2017

Thu, Jan 12, 2017

To curb grey market and boost the organised players, the Gem and Jewellery Export Promotion Council (GJEPC) is expecting Finance Minister Arun Jaitley to reduce the import duty on gold to around 5%in the upcoming Union Budget.

Companies must drop retro tax cases to avail settlement scheme: CBDT

Companies must drop retro tax cases to avail settlement scheme: CBDT

Sun, Dec 25, 2016

Vodafone, Cairn Energy and other firms facing retrospective tax demand will have to withdraw legal cases and give up the right to contest constitutional validity of back-dated amendment to Income Tax (I-T) laws if they want to avail of the dispute resolution scheme ending on December 31.

Income Tax Department identifies over 67 lakh non-filers

Income Tax Department identifies over 67 lakh non-filers

Thu, Dec 22, 2016

The Income Tax Department (IT) has identified 67.54 lakh non-filers for financial year 2014-15, it said in a statement.

Income tax exemption given only to registered political parties subject to certain conditions: CBDT

Income tax exemption given only to registered political parties subject to certain conditions: CBDT

Sat, Dec 17, 2016

After the government announced that political parties depositing old notes post demonetisation will be exempted from income tax, the CBDT issued a clarification on Saturday stating that the exemption from income tax is given to only registered political parties subject to certain conditions which

I-T department sends 3,000 notices for high bank deposits post notes ban

I-T department sends 3,000 notices for high bank deposits post notes ban

Sat, Dec 17, 2016

Income Tax department (I-T) has issued around 3,000 notices to assessees for unmatched deposits in bank accounts, while it has seized a total of Rs 393 crore in cash and jewellery over the past five weeks.

Demonetisation: I-T department seizes Rs 130 crore in cash & jewellery since Nov 8

Demonetisation: I-T department seizes Rs 130 crore in cash & jewellery since Nov 8

Wed, Dec 07, 2016

The Income Tax Department (I-T) has carried out investigations into over 400 cases post-demonetisation seizing as much as Rs 130 crore in cash and jewellery, an official statement said on Tuesday.

Income Tax Raid? Your gold worth 500 grams per lady, 250 grams for unmarried lady and 100 grams per man is safe

Income Tax Raid? Your gold worth 500 grams per lady, 250 grams for unmarried lady and 100 grams per man is safe

Fri, Dec 02, 2016

In a statement, Meenakshi J Goswami, I-T Commissioner and Spokesperson of the Central Board of Direct Taxes (CBDT), clarified that jewellery bought from disclosed income will not be taxed under existing or proposed amended provisions.

Now get an SMS alert on your TDS deduction

Now get an SMS alert on your TDS deduction

Tue, Oct 25, 2016

The Ministry of Finance said, "This initiative will initially benefit approximately 2.5 crore salaried cases. The CBDT will soon extend this facility to another 4.4 crore non-salaried taxpayers. The frequency of SMS alerts will be increased, once the process for filing TDS returns is streamlined to receive such information on a real-time basis."

Black Money: Public meets, social media, Nukkad Nataks behind IDS success

Black Money: Public meets, social media, Nukkad Nataks behind IDS success

Sun, Oct 02, 2016

Over 5,500 public meetings, social media campaign on Talkathons and Nukkad Nataks along with threat of prosecution prompted over 64,000 blackmoney holders to declare unaccounted wealth under four-month disclosure window that would make the exchequer richer by over Rs 29,000 crore.

Black Money: CAG may audit IDS, not individual declarations

Black Money: CAG may audit IDS, not individual declarations

Sun, Oct 02, 2016

The Comptroller and Auditor General of India (CAG) may audit the just ended black money disclosure scheme for the process followed and how well it performed, but will not get into the disclosures made.

Black Money: Govt extends working hours for receiving income tax declarations

Black Money: Govt extends working hours for receiving income tax declarations

Wed, Sep 28, 2016

With two more days left for the Income Declaration Scheme (IDS) to come to a close on September 30, the government has extended the working hours for receiving such declarations, an official said.

Discussion | Failure of Income declaration scheme and CBDT's raiding small businessmen, Part-II

Discussion | Failure of Income declaration scheme and CBDT's raiding small businessmen, Part-II

Fri, Sep 23, 2016

Failure of Income declaration scheme and CBDT's raiding small businessman. Watch complete news story for getting detailed updates!

Discussion | Failure of Income declaration scheme and CBDT's raiding small businessmen, Part-I

Discussion | Failure of Income declaration scheme and CBDT's raiding small businessmen, Part-I

Fri, Sep 23, 2016

Failure of Income declaration scheme and CBDT's raiding small businessman. Watch complete news story for getting detailed updates!

CBDT extends date for filing tax returns under IDS to Oct 17

CBDT extends date for filing tax returns under IDS to Oct 17

Fri, Sep 09, 2016

In a move to remove inconvenience and facilitate smooth process of filing tax returns under the Income Declaration Scheme (IDS), the Central Board of Direct Taxes (CBDT) has extended the date for taxpayers to October 17, Zee Business news channel reported on Friday.

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