Tag archive for ‘CBDT’
By Manish Sen On Monday, June 17th, 2019

CBDT releases new I-T compounding guidelines; no relief in criminal black money cases

New Delhi: Indulgence in serious criminal cases of money laundering, terror financing, corruption, possession of benami properties and undisclosed foreign assets will virtually shut a person’s chances of getting More...

By Ila Choudhary On Friday, May 17th, 2019

20 IT principal chief commissioners transferred

New Delh: The Central Board of Direct Taxes (CBDT) has announced transfer postings of 20 principal chief commissioners of Income Tax Department amid Lok Sabha elections. CBDT Chairman Pramod Chandra Mody A CBDT More...

By Manish Sen On Wednesday, April 24th, 2019

Bombay High Court junks policy linking Appellate I-T Commissioners’ appraisal to favourable rulings

Mumbai: The Bombay High Court has set aside a central government policy that offered incentives and linked the appraisals of appellate income tax commissioners to the number of rulings they gave in favour of the More...

By Manish Sen On Monday, April 22nd, 2019

Tax evasion of over Rs 1,350 cr detected in raids against co owned by Kamal Nath’s nephew

Bhopal: The Income Tax department has detected tax evasion of more than Rs 1,350 crore during search and seizure operations conducted against Hindustan Power projects, a company owned by the nephew of Madhya Pradesh More...

By Manish Sen On Tuesday, April 16th, 2019

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

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

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

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

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

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...