Number of crorepatis has risen by 60% in India: CBDT
Number of salaried taxpayers has increased by 37 percent in India, CBDT said.
Oct 22, 2018, 15:46 PM IST
ITR filing: Last day to file income tax returns today
Filing ITR can be done both online and offline. Not filing ITR or late filing can attract a penalty up to Rs 10,000.
Aug 31, 2018, 08:01 AM IST
Income Tax returns deadline extended to September 15 for flood-hit Kerala
Income Tax assessees in Kerala can now file their I-T returns till September 15.
Aug 28, 2018, 21:20 PM IST
PAN-Aadhaar linking deadline extended again till March 2019
As per updated data till March, over 16.65 crore PANs, out of the total about 33 crore, have been linked with Aadhaar.
Jul 01, 2018, 07:07 AM IST
CBDT dedicates June 1-15 for expeditious disposal of pending appeals
The move is aimed to address taxpayers' disputes regarding rectification and adjustments made in tax demands.
Jun 08, 2018, 13:30 PM IST
CBDT chief Sushil Chandra gets another one-year extension
CBDT has six members, apart from the chairman, and is responsible for framing policy related to direct taxes and the Income Tax Department.
May 25, 2018, 15:34 PM IST
IT dept cautions TDS deductors against quarterly filing default
As per income tax rules, TDS is to be deducted by the deductor (employer) from the salary of the employee and has to be filed every quarter or in three months time with the tax department.
May 18, 2018, 11:24 AM IST
Finish issuing all demonetisation notices by May: CBDT to I-T dept
IT department had launched an 'Operation Clean Money' (OCM) to check black money post demonetisation.
Apr 03, 2018, 17:52 PM IST
Do not take coercive steps against start-ups: CBDT to Taxman
For recovering pending taxes from start-ups under a specific provision of the Income Tax Act.
Feb 07, 2018, 17:59 PM IST
100,000 Bitcoin investors get notices from Income Tax Department
The Taxman sent notices to those people, who have invested in cryptocurrencies like Bitcoin without declaring these in their income tax returns,
Feb 06, 2018, 19:01 PM IST
You may face these penalties if you don't pay tax on time
Collection from income tax stood at Rs 1.88 lakh crore in 2015-16, lower from Rs 1.91 lakh crore in the previous year.
Dec 30, 2017, 11:06 AM IST
Govt sets up panel to review income tax laws
Prime Minister Narendra Modi, during the annual conference of tax officers in September, had observed that the Income-tax Act, 1961 was drafted more than 50 years ago and it needs to be redrafted.
Nov 22, 2017, 17:54 PM IST
300% jump in PAN applications post demonetisation: CBDT
Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said while there were around 2.5 lakh PAN applications per month earlier, after the Centre announced to scrap high value currency notes in November last year, the number rose to 7.5 lakh.
Nov 14, 2017, 22:00 PM IST
Demonetisation: I-T dept to issue notices to suspicious cash depositors
The people who have filed their returns will be examined against the amounts they have deposited during the period of demonetisation, so that we can see whether they have correctly disclosed their income or not, the CBDT chief said.
Nov 14, 2017, 20:08 PM IST
CBDT signs 7 more unilateral APAs with taxpayers
The seven APAs signed over the last month pertain to sectors like FMCG, semi-conductor, information technology, travel and leisure, office furniture and engineering.
Nov 02, 2017, 17:35 PM IST
Direct tax collections jump 16% to Rs 3.86 lakh crore till September
A Central Board of Direct Taxes (CBDT) statement here said the collections for the period April-September amount to 39.4 per cent of the total budget estimates of direct taxes for the current financial year.
Oct 11, 2017, 18:03 PM IST
CBDT signs two more APAs with taxpayers
In fiscal 2017-18, 25 APAs (two bilateral and 23 unilateral) have been signed till date, the CBDT said in a statement.
Oct 07, 2017, 10:59 AM IST
Hyderabad, Pune and Chennai top targets for Income Tax Department tax base growth
The Income Tax Department has been tasked to add 1.25 crore new return filers in the current financial year as part of the government's plan to widen the tax base in the country.
Sep 28, 2017, 17:40 PM IST
Benami property secret informers to get reward of 1 crore
According to the official, the information will have to be acute and identity of the informer will be kept secret. The department will never disclose the identity as this could endanger the informer.
Sep 22, 2017, 19:04 PM IST
CVC to probe govt employees deposits post demonetisation
Deposits of scrapped currency notes made by central government employees post demonetisation will be probed by anti-corruption watchdog Central Vigilance Commission (CVC), its chief K V Chowdary said on Sunday.
Sep 17, 2017, 11:26 AM IST
