Tag archive for ‘CBDT’
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By Manish Sen On Tuesday, April 16th, 2019
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HC asks Centre, CBDT to decide plea against tax on road accident compensation interest

New Delhi: The Delhi High Court Tuesday asked the Centre and the Central Board of Direct Taxes (CBDT) to decide the issue of deduction of tax on the interest received on compensation by a road accident victim. Delhi More...

By Manish Sen On Thursday, April 4th, 2019
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1.07 cr new taxpayers added, dropped filers down at 25.22 lakh in FY18: CBDT

New Delhi: The Income Tax department said Thursday it added 1.07 crore new taxpayers while the number of dropped filers’ came down to 25.22 lakh in 2017-18, showing the positive impact of demonetisation. Pramod More...

By Manish Sen On Sunday, March 31st, 2019
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Aadhaar-PAN linking deadline extended to September 30

New Delhi: The cut-off date for intimating Aadhaar number and linking PAN with Aadhaar is September 30, said the Central Board of Direct Taxes (CBDT) in a statement on Sunday. The CBDT has already given several More...

By Manish Sen On Saturday, March 30th, 2019
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Income tax, GST offices to remain open on March 30, 31 to facilitate year-end collection

New Delhi: Tax offices, for both income tax and GST, will remain open on Saturday and Sunday as the departments race against time to meet the revenue collection targets. Income Tax offices and GST offices will remain More...

By Manish Sen On Thursday, March 28th, 2019
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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 target remains short of about 15 per cent, with the financial year closing More...

By Manish Sen On Thursday, March 7th, 2019
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DeMO: I-T begins final assessment of 87,000 suspicious deposit cases

The Income Tax Department has launched the final assessment of 87,000 cases in the country for making suspicious deposits post demonetisation, as the taxman has been authorised to exercise the ‘best judgement’ More...

By Manish Sen On Thursday, February 28th, 2019
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New CBDT boss asks I-T dept to maximise revenue collection, get more taxpayers

New Delhi: The Income Tax Department should pull up its socks to “maximise” revenue collection and enlarge the basket of tax-paying people in the country, the newly appointed chief of the CBDT said in More...

By Manish Sen On Thursday, February 28th, 2019
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Link your PAN with bank for refunds: I-T to taxpayers

New Delhi: The Income Tax Department will “only” issue refunds via the e-mode into bank accounts of taxpayers beginning next month and they should link PAN with their accounts, the taxman said in its More...

By Manish Sen On Wednesday, February 27th, 2019
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Panel to overhaul Direct Tax law seeks 3 months extension

New Delhi: The task force set up to draft a new direct tax law to replace the existing Income Tax Act has sought 2-3 months extension from Finance Minister Arun Jaitley to submit its report. Finance Minister Arun More...

By Manish Sen On Thursday, February 14th, 2019
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CBDT chief Sushil Chandra appointed Election Commissioner

New Delhi: CBDT Chairman Sushil Chandra was on Thursday appointed as an Election Commissioner, the Law Ministry said. CBDT Chairman Sushil Chandra today appointed as an Election Commissioner Chandra, an IIT graduate, More...