Central Board of Direct Taxes

Beware - people who haven't shared PAN, Aadhaar details with employers may have to pay 20% income tax

Beware - people who haven't shared PAN, Aadhaar details with employers may have to pay 20% income tax

According to a circular released by the Central Board of Direct Taxes, it is mandatory for employees to provide PAN or Aadhaar numbers if...Read More

I-T dept conducts searches at 39 locations to check 'tax evasion' by BSE brokers, traders

I-T dept conducts searches at 39 locations to check 'tax evasion' by BSE brokers, traders

New Delhi/Mumbai: The income-tax (I-T) department has conducted searches at 39 locations to check alleged tax evasion by brokers and trad...Read More

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

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

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

CBDT expands scope of direct tax code panel

CBDT expands scope of direct tax code panel

Committee will now have to consider five more areas while drafting their recommendations, making the total terms of reference nine

Saffron noose tightening around Kamal Nath, probe into land deals worth in crores

Saffron noose tightening around Kamal Nath, probe into land deals worth in crores

New Delhi: Madhya Pradesh Chief Minister Kamal Nath seems to be in for big trouble. After IT raids on his aides last month, the BJP in Ut...Read More

Direct tax collections dip, short by Rs 82,000 crore

Direct tax collections dip, short by Rs 82,000 crore

New Delhi: Country’s Direct Tax collections fell short by Rs.82,000 crore at 11.18 crore during 2018-19 with lower corporate tax collecti...Read More

Indore: ITD to share data with Goods and Service Tax and Income Tax departments

Indore: ITD to share data with Goods and Service Tax and Income Tax departments

Indore: In a bad news for tax-evaders, Goods and Service Tax (GST) and Income Tax departments will now share turnover details of individu...Read More

PAN cards not linked with Aadhaar likely to be deactivated after September 30 deadline

PAN cards not linked with Aadhaar likely to be deactivated after September 30 deadline

The Central government had earlier notified that if your Permanent Account Number (PAN) card details are not linked with the Aadhaar card...Read More

Congress stumps CBDT with originals

Congress stumps CBDT with originals

New Delhi: In a counter to the Central Board of Direct Taxes (CBDT) claim on March 22 that xerox copies of former Karnataka chief ministe...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

Worthless Xerox copies: CBDT

Worthless Xerox copies: CBDT

New Delhi: The BJP and the Central Board of Direct Taxes (CBDT) have tried to clear the air on Caravan magazine’s report. In a detailed p...Read More

Government banks on advance tax to meet direct tax target

Government banks on advance tax to meet direct tax target

New Delhi: In the wake of sluggish tax collection for the current fiscal, the government has now turned to advance tax collection numbers...Read More

Central Board of Direct Taxes chief looks to increase Tax base

Central Board of Direct Taxes chief looks to increase Tax base

New Delhi: The Income Tax Department should pull up its socks to “maximise” revenue collection and enlarge the basket of tax-paying peopl...Read More

Startups with Rs 25-crore investment likely to get tax exemption

Startups with Rs 25-crore investment likely to get tax exemption

Mumbai: In a relief to budding entrepreneurs, the Central Board of Direct Taxes (CBDT) on Monday increased tax exemption limit for startu...Read More

Just 23 crore PAN cards linked with Aadhaar

Just 23 crore PAN cards linked with Aadhaar

New Delhi: Just 23 crore PAN card holders — over half of the total PAN card holders — have so far linked their cards with biometric ID Aa...Read More

Income-Tax Department to take call on angel tax on startups shortly

Income-Tax Department to take call on angel tax on startups shortly

New Delhi: The Income-Tax Department will soon decide on the kind of startups that can be exempted from angel tax, a top official said on...Read More

Free Press Journal

www.freepressjournal.in