Soon you will receive PAN in few minutes, pay income tax using smartphone
In the latest addition to the list of measures taken by the government to make filing of taxes easy for the taxpayers, the Central Board of Direct Taxes (CBDT) is working on a plan to issue PAN in just few minutes using Aadhaar's e-KYC facility.
Feb 15, 2017, 12:49 PM IST
CBDT to taxman: Step up TDS survey ops to boost collections
With the current financial year inching towards closure, CBDT has directed the taxman to step up survey operations to check non-deduction of TDS by firms and employers, especially in cases where such payments have dropped by more than 15 percent as compared to last time.
Feb 10, 2017, 13:06 PM IST
CBDT issues certificates of appreciation to nearly 3.74 lakh tax payers
The total number of certificates issued by CBDT now stands at approximately 23 lakh.
Feb 08, 2017, 13:18 PM IST
CAs to pay fine of Rs 10,000 for filing incorrect info: CBDT
In a bid to check filing of incorrect returns by CAs, the tax authority will impose Rs 10,000 fine on such professionals to deter such act.
Feb 07, 2017, 20:36 PM IST
CBDT signs 4 more advance pricing pacts with tax payers
The CBDT expects more APAs to be concluded and signed before the end of the current fiscal.
Feb 07, 2017, 13:16 PM IST
Focus of Budget is on tax compliance: CBDT
The Union Budget 2017-18 focuses on increasing tax compliance while at the same time safeguarding the honest tax payers from any harassment, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said on Monday
Feb 06, 2017, 19:24 PM IST
'SMEs to pay 25% tax even if Rs 50-crore limit crossed in FY17'
The I-T department today said companies that had a turnover of less than Rs 50 crore in 2015-16 will pay tax at the reduced rate of 25 percent from April 1 even if they cross the threshold in 2016-17 or subsequent years.
Feb 06, 2017, 16:02 PM IST
18 lakh taxpayers to get Income Tax notices to explain large deposits
18 lakh taxpayers to get Income Tax notices to explain large deposits. Watch the full segment for more details.
Jan 31, 2017, 22:06 PM IST
Operation 'Clean Money': Crackdown begins; 18 lakh people to get IT notice if deposits don't match income
The Income Tax department has identified 18 lakh people who have made 'suspicious' cash deposits post demonetisation, including those having deposited over Rs 5 lakh, and will send emails and SMSes seeking explanation about their source of funds.
Jan 31, 2017, 18:03 PM IST
GAAR from April 1, 2017; to be invoked in fair, rational manner: CBDT
GAAR, it said, will come into force from April 1 and can be invoked only through a two-stage process involving a nod at the level of principal commissioner of income tax and a panel headed by a high court judge.
Jan 27, 2017, 19:31 PM IST
GAAR to be effective from April 1, 2017: CBDT
Addressing investors' concerns ahead of GAAR implementation from April 1, the tax department today said it will not interplay with their right to choose a method of transaction and won't apply if routing of funds through a jurisdiction is "based on non-tax commercial considerations".
Jan 27, 2017, 18:13 PM IST
IDS disclosures valid if taxes payment delayed but realised by December 5: CBDT
In a minor relaxation to IDS tax payment rules, the Income Tax Department has said disclosures under the scheme will be considered valid even if the tax amount has been realised by December 5.
Jan 17, 2017, 14:19 PM IST
Good news for taxpayers in New Year: Taxman to ensure no grievance remains pending over 30 days
In what could come as a good news for taxpayers in the new year, the Income Tax department has asked its officials to resolve their grievances within 30 days time.
Jan 03, 2017, 16:35 PM IST
Black money: Proof of tax paid, 4-year lock-in must to avail of new income disclosure scheme
Black money holders keen to avail of the new tax evasion amnesty scheme will have to first deposit 49.9 percent tax and park a quarter of their unaccounted cash in zero-interest deposit before being able to apply for it.
Dec 28, 2016, 15:34 PM IST
Avoid discussing official decisions on Twitter, Facebook: CBDT to I-T
A directive has been issued by the CBDT to the Income Tax department officials to avoid discussing official decisions on social media platforms such as Twitter, Facebook and others.
Dec 24, 2016, 16:56 PM IST
Businessmen, traders required to report cash receipt over Rs 2 lakh in single transaction: CBDT
Businesses and traders are required to report any single transaction of cash exceeding Rs 2 lakh for sale of goods and services to the income tax department.
Dec 23, 2016, 15:37 PM IST
Election Commission delists 255 unrecognised political parties, writes to CBDT for financial probe
The Election Commission, which has unlisted 255 registered but unrecognised political parties between February and December 15 this year, has now asked the Central Board of Direct Taxes (CBDT) to look into the financial contributions to them.
Dec 23, 2016, 13:22 PM IST
RBI was adequately prepared for demonetisation; has enough currency stocks to last beyond December 30: Jaitley
In a bid to make economy cashless, government is planning to offer tax incentives to small traders who are accepting payments through digital mode.
Dec 20, 2016, 13:46 PM IST
Govt offers tax incentives to small traders accepting digital payments
In a bid to make economy cashless, government is planning to offer tax incentives to small traders who are accepting payments through digital mode.
Dec 19, 2016, 16:24 PM IST![CBDT warns penal action against those "drastically" altering ITR to revise income](https://english.cdn.zeenews.com/sites/default/files/styles/zm_700x400/public/2016/12/14/554612-itr.jpg "CBDT warns penal action against those "drastically" altering ITR to revise income")
CBDT warns penal action against those "drastically" altering ITR to revise income
Central Board of Direct Taxes (CBDT) on Wednesday issued strict warning to assessees who are trying to misuse the provision of revising I-T returns.
Dec 14, 2016, 14:01 PM IST
