Central Board of Direct Taxes

No amnesty for bank deposits linked to money laundering: CBDT

Any bank account suspected to have been "misused" for money laundering or shell company operations won't be exempted from probe under 'Operation Clean Money' despite having low deposits.

Feb 21, 2017, 20:53 PM IST

I-T dept clarifies on deposits, says no questions on deposits up to Rs 2.5 lakh

"There is no need to fear for any genuine person. We will ensure there is no harassment to genuine person," Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said at CII post-Budget seminar.

Feb 06, 2017, 17:48 PM IST

Government to issue exemption list on new tax for unlisted firms

Government will come out with an "exhaustive list" of transactions on which the "anti-abuse" provision of levying long-term capital gains tax on share transfer in unlisted companies will not be applicable.

Feb 06, 2017, 16:08 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

Home Minister's residence, J&K CID office - Addresses of political parties de-listed by EC

Fearing misuse of financial contributions, the Election Commission has asked the Central Board of Direct Taxes (CBDT) to look into the finances of 255 registered but unrecognised political parties it has unlisted this year.

Dec 23, 2016, 06:53 AM IST

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

Deposits into Jan Dhan A/Cs decline after government warning

Following the government's warning that action would be taken against those using their Jan Dhan accounts to convert black money into white, deposits into such accounts have reportedly decelerated.

Dec 07, 2016, 22:11 PM IST

Government has no plan to impose tax on gold jewellery of women

Dispelling fears of government action on gold hoarding or jewellery belonging to households, Union Minister Ravi Shankar Prasad, on Tuesday, said that government is not considering any plan to impose tax on jewellery of women.

Dec 06, 2016, 18:51 PM IST

Demonetisation: Over Rs 130 crore in cash and jewellery seized, says CBDT

Following the demonetisation move, over Rs 130 crore in cash and jewellery has been siezed while taxpayers have admitted Rs 2,000 crore undisclosed income, the Central Board of Direct Taxes (CBDT) informed on Tuesday.

Dec 06, 2016, 17:40 PM IST

CBDT directives to IT dept: Widen tax base, prevent avoidable disputes

In fresh directives, the CBDT has asked the taxman to take steps for widening the existing tax base, prevent avoidable disputes and ensure that the honest taxpayer is "facilitated" while stressing that tax evasion cases are handled without fear.

Nov 03, 2016, 13:02 PM IST

Sushil Chandra takes charge as CBDT chairman, to serve till May 2017

Senior Indian Revenue Service (IRS) officer Sushil Chandra Tuesday took over as chairman of the Central Board of Direct Taxes (CBDT).

Nov 01, 2016, 20:54 PM IST

Black money disclosure: Identity of individuals strictly confidential, says CBDT

Income Tax Department Monday said "strict confidentiality" will be maintained about the identity of persons who have disclosed black money during the 4-month window under the Income Declaration Scheme (IDS).

Oct 03, 2016, 18:37 PM IST

Black money: IDS counters to be opened till 8 pm today, tomorrow

With two days remaining for the black money disclosure scheme to close, the tax department has decided to keep counters for receiving physical declarations open till 8 pm today (Wednesday) and tomorrow (Thursday).

Sep 28, 2016, 18:12 PM IST

CBDT signs 5 advance pricing pacts with Indian taxpayers

The Central Board of Direct Taxes signed five unilateral advance pricing agreements (APAs) with Indian taxpayers as it looks to reduce litigation by providing certainty in transfer pricing.

Sep 23, 2016, 17:17 PM IST

Govt extends return filing date for large taxpayers to Oct 17

Revenue Department has extended the date to October 17 for filing of tax returns by assesses who are required to submit audited accounts in view of the ongoing income declaration scheme (IDS-2016).

Sep 09, 2016, 20:05 PM IST

I-T dept to 'name and shame' chronic crorepati defaulters

The I-T department had began publishing the names of tax defaulters in leading national dailies last year and has so far named 67 such big defaulters from across the country.

Aug 29, 2016, 18:47 PM IST

CBDT issues draft norms for taxing buy back of unlisted shares

Central Board of Direct Taxes (CBDT) Monday came out with draft rules for determining the quantum of distributed income arising out of buy back of shares of unlisted companies for levy of tax.

Jul 25, 2016, 17:44 PM IST

Blackmoney window: CBDT orders rationing of taxman's leave

Pulling out all the stops to make the ongoing one-time black money window scheme a success, the CBDT has ordered regulation of leave of all Income Tax department officials over the next three months.

Jul 06, 2016, 18:46 PM IST

Ensure single point contact for black money disclosures: CBDT

To ensure confidentiality, the Income Tax Department has mandated only senior officers to be a single point of contact for those making disclosures under the one-time window provided to black money holders to come clean.

Jun 23, 2016, 13:30 PM IST

CBDT to look into high value transactions to trace tax evaders

In order to identify tax evaders, the Income Tax department on Friday said it will use 360 degree profiling and match the database of people filing returns with those of informations about high value transactions.

Jun 18, 2016, 09:51 AM IST