CBDT

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"

CBDT directs I-T dept to share assets, accounts info of loan defaulters with banks

CBDT directs I-T dept to share assets, accounts info of loan defaulters with banks

The policy move is aimed to tighten the noose on such entities and extract recovery of public money

CBDT asks Income Tax Department to probe 3 lakh de-registered firms

CBDT asks Income Tax Department to probe 3 lakh de-registered firms

New Delhi: The CBDT has issued directions to Income Tax offices across the country to probe financial transactions of about three lakh fi...Read More

Direct tax collection falls short, CBDT raises alarm

Direct tax collection falls short, CBDT raises alarm

New Delhi: The CBDT has rung alarm bells and has asked the Income Tax Department to go for a major assault as the direct tax collection t...Read More

DeMO: I-T begins final assessment of 87,000 suspicious deposit cases

DeMO: I-T begins final assessment of 87,000 suspicious deposit cases

New Delhi: The Income Tax Department has launched the final assessment of 87,000 cases in the country for making suspicious deposits post...Read More

Not filed Income Tax Returns? Submit an online response to CBDT

Not filed Income Tax Returns? Submit an online response to CBDT

New Delhi: The Central Board of Direct Taxes (CBDT) is identifying people through a non-filers monitoring system by using data analytics ...Read More

Govt to set up panel to look into tax issues faced by startups

Govt to set up panel to look into tax issues faced by startups

New Delhi: The government has decided to set up an expert committee to look into all the taxation issues being faced by startups and ange...Read More

ITR filing up 50% so far this year, will achieve Rs 11.5 lakh crore direct tax target: CBDT chairman

ITR filing up 50% so far this year, will achieve Rs 11.5 lakh crore direct tax target: CBDT chairman

New Delhi: Income tax return filing for assessment year 2018-19 has so far seen a 50 per cent rise since last year, a top finance ministr...Read More

CBDT allows tax official to widen scope of probes on ‘limited scrutiny’ cases

CBDT allows tax official to widen scope of probes on ‘limited scrutiny’ cases

New Delhi: The CBDT has issued a fresh directive on ‘limited scrutiny’ assessment cases allowing the tax officials to widen the scope of ...Read More

Net direct tax collection grows 15.7%

Net direct tax collection grows 15.7%

New Delhi: The net direct tax collection in the country grew by 15.7 per cent on year-on-year basis to reach Rs 4.89 lakh crore in the cu...Read More

80% rise in number of ITR filed in last 4 years, claims CBDT

80% rise in number of ITR filed in last 4 years, claims CBDT

New Delhi: The Central Board of Direct Taxes (CBDT) on Monday announced constant growth in the Direct Tax-GDP ratio over the last three y...Read More

Government to ‘facilitate’ honest and consistent taxpayers; policy proposal in works

Government to ‘facilitate’ honest and consistent taxpayers; policy proposal in works

New Delhi: The government is working on an ambitious policy proposal to ‘facilitate’ honest and consistent taxpayers in availing a variet...Read More

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