Tag archive for ‘CBDT’
By Manisha Sen On Friday, February 16th, 2018

Poll candidates must disclose their income source: Supreme Court

New Delhi: The Supreme Court on Friday directed that election candidates will have to reveal the sources of their income, including those of their spouse and dependents. Supreme Court Justice J Chelameswar The court More...

By Manisha Sen On Tuesday, February 13th, 2018

IT raid cases not to be processed under e-assessment: CBDT

New Delhi: The soon-to-be rolled out pan India e-assessment system for scrutiny cases of taxpayers will not be applicable to instances where a raid has been conducted against an assessee by the Income Tax (IT) department, More...

By Manish Sen On Tuesday, February 6th, 2018

No notice to taxpayers in case of minor filing mismatch: CBDT

New Delhi: From now on, the taxman will not issue demand notice to taxpayers in case there is a minor mismatch between their income tax return (ITR) and the corresponding tax credit data collected by the department More...

By Manish Sen On Thursday, February 1st, 2018

Salaried, pensioners need no bill to claim Rs 40k deduction: CBDT chairman

New Delhi: Salaried taxpayers and pensioners need not have to furnish any bills or documents to claim the standard deduction of Rs 40,000 announced in the budget today, according to CBDT chief Sushil Chandra. Salaried More...

By Ila Choudhary On Friday, December 8th, 2017

CBDT extends deadline for linking Aadhaar with PAN to March 31

New Delh): In lieu of the number of taxpayers yet to complete linking their Aadhaar and PAN card, the Central Board of Direct Taxes (CBDT) on Friday announced an extension in the deadline to March 31, 2018. Sushil More...

By Ila Choudhary On Wednesday, November 29th, 2017

IT dept sets up 24-hour control room for R K Nagar by-poll

Chennai: In a bid to control the role of ‘unaccounted funds’ in the run up to the December 21 R K Nagar bypoll, the Income Tax Department has set up a 24 hour control room here to assist the Election More...

By Manish Sen On Wednesday, November 22nd, 2017

Govt sets up panel to review income tax laws

New Delhi: The government today constituted a task force for redrafting the 50-year old income tax law in sync with the economic needs of the country. Chief Economic Adviser Arvind Subramanian will be a permanent More...

By Manisha Sen On Tuesday, November 14th, 2017

Swift action in Paradise Papers once all details are available: CBDT Chief

New Delhi: The Chairman of the Central Board of Direct Taxes (CBDT) on Tuesday said swift action will be taken in the Paradise Papers case once all details of the accused are available. CBDT Chairman Sushil Chandra More...

By Manisha Sen On Tuesday, November 14th, 2017

Benami assets: I-T scanning profiles of property registered over R 30 lakh

New Delhi: The Income Tax Department is matching the “tax profiles” of all property registrations of above Rs 30 lakh under the provisions of the anti-Benami Act, as action against illicit asset holders More...

By Ila Choudhary On Monday, November 6th, 2017

Benami assets worth Rs 1,833 crore attached, ‘strong action’ to continue: CBDT

New Delhi: The Income Tax Department has attached benami assets worth Rs 1,833 crore so far as part of its “sustained action plan” against such properties, the CBDT said on Monday. “I can assure More...