Date for TDS deposit extended to Oct 10
The Central Board of Direct Taxes (CBDT) has extended the due date of deposit of Tax Deducted at Source/Tax Collected at Source during the Month of September, by three days to October 10 from October 7.
Oct 01, 2014, 14:44 PM IST
Don't harass taxpayers on pretext of scrutiny: CBDT to I-T
The Central Board of Direct Taxes (CBDT), henceforth, the ambit of these enquiries should be limited to the verification of specific questions.
Sep 28, 2014, 15:05 PM IST
Unitech, UCP get BoA approval for stake sale in 5 SEZs
UCP and realty major Unitech are jointly developing five special economic zones (SEZs) and one IT Parks in Gurgaon, Noida and Kolkata. In these six projects, UCP holds 60 percent stake and Unitech 40 percent.
Sep 24, 2014, 19:07 PM IST
Assessees will not be made to wait to meet tax officials
As per the current practice, tax officials call assesses for meetings at one time and they have to wait for long hours for their turn.
Sep 21, 2014, 11:42 AM IST
CBDT rationalises norms of scrutiny of tax returns
The Income Tax Department has rationalised the norms for manual selection for scrutiny of tax returns to bring it in line with global best practices.
Sep 04, 2014, 19:11 PM IST
Do not keep taxpayers waiting: CBDT to I-T department
CBDT has issued strict instructions to Income Tax department officers asking them not to keep taxpayers waiting in their offices for getting their work done as such action bring great "embarrassment" to the government.
Sep 01, 2014, 18:15 PM IST
CBDT sets up high level committee to deal with retro tax amendment cases
Finance minister Arun Jaitley had announced the new mechanism in his Budget speech on July 10.
Aug 28, 2014, 14:55 PM IST
Undisclosed income of Rs 90,000 crore detected in 2013-14
Undisclosed income to the tune of Rs 90,000 crore was detected during 2013-14 in various searches and surveys conducted by the Income Tax department, a top official from the Central Board of Direct Taxes (CBDT) said here on Friday.
Aug 22, 2014, 18:26 PM IST
Govt to pay Rs 48,069 cr as IT returns for FY13 and FY14
Government has to pay as much as Rs 48,069 crore as income tax returns for 2012-13 and 2013-14, Parliament was informed on Tuesday.
Aug 05, 2014, 17:05 PM IST
Black money: 'Warehouse' of tax data for I-T in the offing
The Income Tax department has named the new project -- Data Warehousing and Business Intelligence (DWBI), which it plans to operationalise by next year.
Aug 03, 2014, 10:11 AM IST
K V Chowdary is new CBDT Chairman
Senior IRS officer K V Chowdary has been appointed as the new Chairman of the Central Board of Direct Taxes (CBDT), the top policy making body of the Income Tax department.
Aug 01, 2014, 16:44 PM IST
AIF income to be taxed at 30%: CBDT
Income of the Alternative Investment Funds (AIFs) will be taxed at the maximum rate of 30 percent, the revenue department has said.
Jul 29, 2014, 17:52 PM IST
Chowdary tipped to be new CBDT chief
Senior IRS officer K V Chowdary is tipped to be the new Chairman of the Central Board of Direct Taxes (CBDT), the apex authority of the Income Tax department.
Jul 27, 2014, 19:15 PM IST
Conduct non-intrusive investigations: FM tells tax officials
The Minister "exhorted the officers of the Income Tax Department to maximise the use of innovative and non-intrusive methods of investigation," an official statement said.
Jul 23, 2014, 22:08 PM IST
FinMin sets up panel to reduce tax litigations
With Rs 4 lakh crore locked up in litigations, the Finance Ministry today set up a committee consisting of officials from Central Board of Direct Taxes to suggest ways to reduce mounting disputes at various tax appellate forums.
Jul 17, 2014, 18:40 PM IST
CBDT constitutes panel to suggest steps to reduce litigation
The Committee, according to the terms of reference issued by CBDT, will carry out detailed analysis of appellate orders and assessment orders on various aspects and recommend steps to reduce litigation before CIT (Appeal).
Jul 17, 2014, 14:45 PM IST
ITR filing: CBDT launches new tax calculator for taxpayers
Taxpayers can see the tax calculator on the official website of the I-T department-- www.Incometaxindia.Gov.In.
Jul 13, 2014, 15:02 PM IST
'Govt to take call on GAAR implementation soon'
As per the existing proposal, investments made after March 2013 will be covered under GAAR with effect from assessment year 2016-17.
Jul 12, 2014, 15:33 PM IST
Taxpayers to share their email-id, cell phone in I-T returns
Taxpayers filing their I-T returns this year will now have to share their email-id and mobile phone number with the tax department
Jul 03, 2014, 22:17 PM IST
Arun Jaitley to meet top brass of I-T, CBDT
Finance Minister Arun Jaitely will meet the top brass of the Income Tax department and Central Board of Direct Taxes later this month in the national capital.
Jul 02, 2014, 21:21 PM IST
