Tag archive for ‘CBDT’
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By Manish Sen On Saturday, December 7th, 2019
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Income tax dept conducts search ops on stock brokers, traders across country

New Delhi: The income tax department has carried out search operations on certain share-brokers and traders for allegedly executing fraudulent trades in illiquid stock options. Over 39 locations spread across Mumbai, More...

By Manish Sen On Thursday, December 5th, 2019
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CBDT seeks inputs on Fund Manager Regime

New Delhi: Central Board of Direct Taxes (CBDT) issued a draft notification seeking inputs for framing of rules with respect to Fund Manager Regime under Section 9A of the I.T. Act, 1961. CBDT issued a draft notification More...

By Ila Choudhary On Tuesday, November 26th, 2019
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21 more ‘corrupt’ Income Tax officers compulsorily retired

New Delhi: The government has compulsorily retired 21 more “corrupt” Income Tax officers in the fifth tranche of its crackdown on errant officials accused of corruption and other malpractices, finance More...

By Manish Sen On Tuesday, November 19th, 2019
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CBDT seeks to widen net for appointment of members; makes younger officers eligible for post

New Delhi: The Central Board of Direct Taxes (CBDT), the top policy-making body of the income tax department, is seeking to widen the net for the appointment of members to its board by inviting applications from More...

By Manish Sen On Saturday, November 16th, 2019
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22 IRS officers resign under tax collection target pressure

New Delhi: 22 IRS officers resigned from service in this year, who are facing tax collection target pressure of Modi government because the economy has hit six-year low of 5% during the first quarter of the current More...

By Manish Sen On Saturday, September 28th, 2019
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PAN-Aadhaar linking date extended to Dec 31

New Delhi: The deadline to link permanent account number (PAN) with Aadhaar has been extended till December 31, a CBDT order said Saturday. Earlier, the deadline was September 30. Deadline to link permanent account More...

By Manish Sen On Thursday, September 26th, 2019
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CBDT extends ITR filing deadline for audit cases by a month to Oct 31

New Delhi: The CBDT on Thursday extended the September 30 deadline by a month for filing of income tax returns (ITRs) for special cases requiring audit reports. CBDT Chairman Pramod Chandra Mody The new deadline More...

By Manish Sen On Saturday, September 21st, 2019
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CBDT sets up National e-Assessment Centre for faceless scrutiny of IT returns

New Delhi: The Central Board of Direct Taxes (CBDT) has set up a National e-Assessment Centre (NeAC) for assessing tax returns electronically without any personal contact between officials and taxpayers. CBDT Chairman More...

By Manish Sen On Monday, September 2nd, 2019
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PAN will be generated automatically if a taxpayer uses Aadhaar for filing returns: CBDT

New Delhi: The Income Tax Department will automatically issue PAN to a taxpayer using Aadhaar number for filing returns as part of a new arrangement to link the two databases. According to a notification issued More...

By Manish Sen On Friday, August 30th, 2019
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File IT returns by Aug 31, no extension of date: CBDT

Pramod Chandra Mody Chairman of CBDT, the nodal national agency responsible for administering Income Tax department. New Delhi: The Central Board of Direct Taxes (CBDT) on Friday clarified that no order has been More...