CBDT

CBDT to collect data on direct tax cases in high courts for 'Vivad se Vishwas' scheme

CBDT to collect data on direct tax cases in high courts for 'Vivad se Vishwas' scheme

The Central Board of Direct Taxes (CBDT), which frames the policy for the Income Tax Department

'A perfect ecosystem in India': CBDT Chairman P C Mody on new taxation policy for start-ups

'A perfect ecosystem in India': CBDT Chairman P C Mody on new taxation policy for start-ups

Sitharaman in the Budget proposed to ease the burden of taxation on the employees by deferring the tax payment on ESOPs by five years or ...Read More

Worried about tax department's new Income Tax Return Forms? Here's what you need to know

Worried about tax department's new Income Tax Return Forms? Here's what you need to know

The CBDT would normally issue new ITR forms only when the Financial Year gets over. However, this year, it has issued it before time.

CBDT questions why Tata Trusts registration was cancelled

CBDT questions why Tata Trusts registration was cancelled

Mumbai: The Central Board of Direct Taxes (CBDT) has questioned senior officials, who were involved in handling the case linked to cancel...Read More

Income Tax dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm

Income Tax dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm

New Delhi: The income tax department has detected alleged undisclosed income of Rs 435 crore after it raided a Tamil Nadu-based company, ...Read More

CBDT mops up Rs 6 lakh core in direct tax collection so far

CBDT mops up Rs 6 lakh core in direct tax collection so far

Efforts are being made to achieve the target set in the Budget, Central Board of Direct Taxes Chairman P C Mody

Income Tax Department busts hawala racket of Rs 3,300 crore involving infra firms

Income Tax Department busts hawala racket of Rs 3,300 crore involving infra firms

On Monday, the CBDT has claimed that the Income Tax Department has busted a hawala racket worth Rs 3,300-crore. The hawala racket is said...Read More

One who levelled serious charges v/s CBDT boss promoted

One who levelled serious charges v/s CBDT boss promoted

As per the official order, Tyagi would now hold the charge of Principal DGIT (Training) at the National Academy of Direct Taxes (NADT).

CBDT introduces unique number for tax department to assessee communication

CBDT introduces unique number for tax department to assessee communication

New Delhi: The government on Tuesday launched documentation identification number system of the Central Board of Direct Taxes, and 17,500...Read More

CBDT extends ITR filing deadline for audit cases by a month to October 31

CBDT extends ITR filing deadline for audit cases by a month to October 31

In a much-needed relief, on Thursday, the Central Board of Direct Taxes (CBDT) extended the due date for filing of income tax returns (IT...Read More

Indore: CBDT extends date of filing ITR, audit report to Oct 31

Indore: CBDT extends date of filing ITR, audit report to Oct 31

Earlier, the last date of filing of ITR for all those companies and individuals whose annual turnover is above Rs 1 crore was September 30.

Govt reworking strategy to boost revenue collection from Direct Tax: CBDT

Govt reworking strategy to boost revenue collection from Direct Tax: CBDT

The government has set a direct tax collection target of Rs 13.35 lakh crore for the current fiscal, which includes Rs 7.66 lakh crore fr...Read More

CBDT notifies creation of special cell for startups

CBDT notifies creation of special cell for startups

An order issued by the Central Board of Direct Taxes (CBDT) said the 'startup cell' will be headed by the member (Income Tax and Computer...Read More

Direct Tax Code task force recommends new tax slabs for individuals between Rs 5 lakh and Rs 10

Direct Tax Code task force recommends new tax slabs for individuals between Rs 5 lakh and Rs 10

It has proposed dramatic changes to the Income Tax Act, which dates back 58 years.

CBDT denies that last week's announcements create a differential regime for FPIs, domestic investors

CBDT denies that last week's announcements create a differential regime for FPIs, domestic investors

Differential regime between domestic investors including Alternative Investment Funds (AIF) category III and FPIs existed even before the...Read More

DTC task force prescribes across board corporate tax cut to 25%

DTC task force prescribes across board corporate tax cut to 25%

The task force on the Direct Tax Code (DTC), headed by Central Board of Direct Taxes (CBDT) member Akhilesh Ranjan, has also recommended ...Read More

After PM Modi's warning to taxmen, CBDT to attach DIN to each communication from October 1

After PM Modi's warning to taxmen, CBDT to attach DIN to each communication from October 1

After Prime Minister Narendra Modi's announcement that taxmen who harass honest taxpayers will be punished, on Wednesday the Central Boar...Read More

Date for filing ITR extended to August 31, 2019

Date for filing ITR extended to August 31, 2019

Considering that the due date for filing of income tax returns for Assessment Year 2019-20 is 31.07.2019 for certain categories of taxpay...Read More

No change in ITR forms clarifies I-T dept; 1.38 crore entities have filed income-tax returns

No change in ITR forms clarifies I-T dept; 1.38 crore entities have filed income-tax returns

"However, the software utility update is a dynamic process and is continuously taken up as per the feedback received from the users/filer...Read More

Govt working on administrative mechanism to resolve startups' legacy tax issues: CBDT chief

Govt working on administrative mechanism to resolve startups' legacy tax issues: CBDT chief

"Ease of tax compliance would be an integral part of ease of living"

Free Press Journal

www.freepressjournal.in