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Central Board of Direct Taxes (CBDT)

I-T dept withdraws circular on transfer of shares for 'no or inadequate consideration'

I-T dept withdraws circular on transfer of shares for 'no or inadequate consideration'

Sun, Jan 06, 2019

The CBDT had on December 31 said taxes need not be levied in cases where shares were "received" by a specified company as a result of fresh issuance of shares, including by way of bonus shares, rights issue and preference shares.

PAN card rules changed! Check important date, affected taxpayers, other details

PAN card rules changed! Check important date, affected taxpayers, other details

Sat, Nov 24, 2018

Ordinary individuals do not have to worry about the new rules as they would be applicable only for entities that have made financial transactions worth Rs 2.5 lakh or more in a financial year. As per a notification, it would be mandatory for such entities to apply for a PAN card.

Reward for income tax payers? See what CBDT chairman said

Reward for income tax payers? See what CBDT chairman said

Thu, Nov 15, 2018

The CBDT, that frames policies for the Income Tax (I-T) Department, is "examining" a report that proposes to facilitate honest and consistent taxpayers in availing a variety of public services and tax-related works on priority, a top official said Wednesday.

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CBDT asks taxmen to ensure revenue collection targets are met

CBDT asks taxmen to ensure revenue collection targets are met

Mon, Oct 31, 2016

CBDT has asked taxmen to pull up their socks to ensure targeted revenue collection targets are met as the figures till September show a shortfall of an estimated over Rs 14,000 crore.

Govt's income tax earning grew over 50% in past two years

Govt's income tax earning grew over 50% in past two years

Thu, Oct 27, 2016

For the AY 2012-2013, the data was already available on the public domain.

IDS: Total black money collection may go up by Rs 75,000 crore

IDS: Total black money collection may go up by Rs 75,000 crore

Tue, Oct 04, 2016

Government had offered a one-time chance, as part of the IDS, for holders of undeclared income and assets to come clean by paying 45% in tax and penalty.

Income Tax Dept to be "open" till midnight on Sept 30

Income Tax Dept to be "open" till midnight on Sept 30

Tue, Sep 27, 2016

Central Board of Direct Taxes (CBDT) will be open and working till midnight of September 30, 2016, it said in a statement.

CBDT clarifies unconfirmed reports speculating on the taxpayers response on IDS scheme

CBDT clarifies unconfirmed reports speculating on the taxpayers response on IDS scheme

Thu, Sep 15, 2016

The board said,” It would like to clarify that these speculations are not based on any statements issued by the department.”

Income Tax return filing date extended to October 17

Income Tax return filing date extended to October 17

Mon, Sep 12, 2016

Earlier the due date of filing I-T returns were on September 30.

Income Tax department directs taxpayer to hurry up as IDS window deadline nears

Income Tax department directs taxpayer to hurry up as IDS window deadline nears

Sun, Sep 11, 2016

The Income Tax Department on Sarturday directed the people involved with blackmoney to clear their taxes under the Income Declaration scheme as only 20 days left for the window to close for declaration.

Black Money: RBI directs banks to accept tax payment in cash

Black Money: RBI directs banks to accept tax payment in cash

Fri, Sep 09, 2016

RBI said," The banks have been advised to ensure their branches invariably accept cash from all their customers who desire to deposit cash at the counters."

Tax Regime: CBDT signs 20 unilateral agreements with Indian tax payers

Tax Regime: CBDT signs 20 unilateral agreements with Indian tax payers

Tue, Aug 30, 2016

The 20 APAs signed includes varipous sectors of the economy such as Information Technology, Banking & Finance, Insurance, Human Resources, Pharmaceutical, Solar Energy, Oil & Gas, Foods & Beverages, Telecommunications and NGO.

Income Tax dept to 'name & shame' chronic crorepati defaulters

Income Tax dept to 'name & shame' chronic crorepati defaulters

Tue, Aug 30, 2016

While the earlier exercise was restricted to people with huge defaults to the tune of about Rs 10-20 crore.

CBDT notifies protocol for amendment of trade between India, Mauritius

CBDT notifies protocol for amendment of trade between India, Mauritius

Mon, Aug 29, 2016

The Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains between India and Mauritius was signed by both countries on May 10, 2016.

Tax resolution scheme: CBDT to write to nearly 2.60 lakh taxpayers

Tax resolution scheme: CBDT to write to nearly 2.60 lakh taxpayers

Sun, Aug 28, 2016

Keen to bring down the number of tax litigations, the I-T Department will soon write to over 2.59 lakh taxpayers asking them to avail the one-time dispute resolution scheme to settle their cases.

Officers should give 'best advice' to tax payers: CBDT

Officers should give 'best advice' to tax payers: CBDT

Tue, Aug 23, 2016

To clean up tax administration, CBDT Chairperson Rani Singh Nair today promised that the tax department will try to create a regime where people could fearlessly walk up to officers to seek best possible advice.

Arun Jaitley meets govt panel over budget merger proposal

Arun Jaitley meets govt panel over budget merger proposal

Tue, Aug 23, 2016

The report is in the final stages of preparations and is expected to be submitted to Jaitley by month-end.

Black money compliance window: After completing a month, I-T dept creates special tab on website

Black money compliance window: After completing a month, I-T dept creates special tab on website

Tue, Jun 28, 2016

IDS was announced by the government with an aim to flush out black money from the domestic economy.

WATCH: Top 5 stories of the day; From Brexit impact on global markets to FM Arun Jaitley to hold meeting on black money today

WATCH: Top 5 stories of the day; From Brexit impact on global markets to FM Arun Jaitley to hold meeting on black money today

Tue, Jun 28, 2016

Zee Business brings you the most important stories of the day that will help you shape your market strategies and keep you informed with the latest developments. Top five stories of the day: 1. Brexit aftermath on global markets continues

Blackmoney window: CBDT likely to issue Fresh FAQs as new queries arise

Blackmoney window: CBDT likely to issue Fresh FAQs as new queries arise

Sun, Jun 26, 2016

Government had come out with a similar scheme for Indians holding undisclosed income abroad and a total of Rs 4,147 crore of undisclosed wealth was declared under it.

RAPID should be pillar of tax department: PM Modi

RAPID should be pillar of tax department: PM Modi

Thu, Jun 16, 2016

The conference named as 'Rajasva Gyan Sangam' is first-of-its-kind and PM Modi hold interactive session with two arms of revenue department- Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC).

PM Narendra Modi to hold interactive session with taxmen on June 16

PM Narendra Modi to hold interactive session with taxmen on June 16

Sun, Jun 12, 2016

Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government -- CBDT and CBEC -- during a first-of-its-kind 'Rajasva Gyan Sangam' on June 16.

Tax office sets August 31 deadline to clear pending ITRs, refunds

Tax office sets August 31 deadline to clear pending ITRs, refunds

Mon, May 09, 2016

CBDT said taxpayers should immediately authenticate their income tax returns.

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