PM Modi to hold interactive session with taxmen at Revenue 'Gyan Sangam'
Prime Minister Narendra Modi will hold an interactive session with the top brass of the two revenue collection arms of the government -- CBDT and CBEC -- during a first-of-its-kind 'Rajasva Gyan Sangam' to be held here on June 16.
Jun 12, 2016, 10:51 AM IST
Panama Papers: Probe to be under new anti-black money law
The monitoring and investigation into the cases of 500 Indians being named in the leaked 'Panama Papers' will be conducted under the stringent provisions of the new law to combat the menace of black money generated by Indians in foreign shores.
Apr 04, 2016, 21:01 PM IST
GAAR: CBDT says no unfettered powers given to tax officers
CBDT has said the taxman has not been given any "unfettered" power and adequate safeguards have been deployed for regulating the provisions aimed to check tax evasion from overseas locations.
Mar 02, 2016, 21:52 PM IST
CBDT resolves Rs 5,000-cr tax dispute with foreign cos under MAP
The tax department has resolved disputes involving Rs 5,000 crore with foreign companies in sectors like software and consultancy under the MAP scheme in past two years, a development that could provide comfort to overseas investors over taxation issues.
Feb 16, 2016, 22:44 PM IST
Black money: CBDT asks I-T dept to speed up overseas requests
With the current financial year coming to a close soon, CBDT has asked the Income Tax department to speed up select black money and tax evasion probe cases which require cooperation from foreign agencies under existing bilateral treaties.
Feb 08, 2016, 22:30 PM IST
New software for filing digitally signed I-T returns
Taxpayers had recently reported that they faced issues in using the Digital Signature Certificate at the time of uploading their Income Tax Returns.
Jan 26, 2016, 18:32 PM IST
Atulesh Jindal appointed new CBDT chief
Senior revenue service officer Atulesh Jindal was Thursday appointed Chairman of Central Board of Direct Taxes (CBDT), the apex policy making body of Income Tax department.
Jan 21, 2016, 23:16 PM IST
On tax scrutiny matters, taxman to connect with taxpayers via e-mail from FY17
The Income Tax department is planning to carry out nationwide all communication related to the scrutiny of returns through e-mails from the next fiscal to reduce harassment of tax payers by eliminating interface between assessees and taxmen.
Jan 10, 2016, 12:48 PM IST
Scrutiny notice to seek specific details from taxpayers: CBDT
CBDT has asked its field offices to make sure the assessment notice should contain details of specific information or documents to be furnished by the assessee.
Dec 30, 2015, 16:04 PM IST
CBDT notifies emails as new communication mode with taxpayers
The CBDT has notified use of emails as the new mode of communication between the taxman and taxpayers.
Dec 06, 2015, 18:49 PM IST
Black money: ED scanner on Indians named in HSBC list
Tightening the noose around Indians whose names figured in the 'stolen' Swiss HSBC bank black money list, the Enforcement Directorate has begun a preliminary investigation in these cases for an independent hawala and money laundering probe.
Nov 22, 2015, 13:24 PM IST
Black money: CBDT reviews HSBC accounts, ICIJ cases
The CBDT Thursday reviewed some important black money and tax evasion probes being conducted by the Income Tax department, including the HSBC Geneva banks list and few others where it is suspected that Indians have stashed assets abroad.
Nov 19, 2015, 20:56 PM IST
Good news for taxpayers! Income Tax grievances to be addressed in 2 months
Taxpayers facing "high-pitched" assessments or unfair scrutiny by the Income Tax Department can now attempt to get their grievances redressed in a short time before undertaking the arduous litigation route of courts or other appellate mechanisms.
Nov 17, 2015, 17:43 PM IST
Arun Jaitley launches eSahyog, PAN camps to streamline taxation procedure
"The objective of the I-T department is to make life as easy as possible for the assessee and difficult only for those who consciously evade and avoid taxes," Arun Jaitley said while launching the twin initiatives of Central Board of Direct Taxes (CBDT).
Oct 27, 2015, 20:00 PM IST
CBDT looks to connect with taxpayers online in smaller cases
The Income Tax Department has started a pilot project of using e-mails for sending notices, getting replies as well as carrying out tax assessments in an attempt to make sure taxpayers don't have to visit I-T offices physically in smaller cases.
Oct 20, 2015, 13:40 PM IST
Era of tax avoidance to minimise liability over, warns CBDT
All those in business trying to minimise the applicable tax in any manner would be dealt with sternly,CBDT Chairperson Anita Kapur siad on Thursday.
Oct 08, 2015, 14:51 PM IST
People with Rs 4 lakh income, mofussil residents on IT radar: CBDT
Those earning Rs 4 lakh per annum, besides people in tier-II and tier-III cities with taxable income but not paying taxes are on the radar of the Income Tax department which has launched an ambitious drive to net one crore new assesses this financial year.
Sep 27, 2015, 10:08 AM IST
Have you won a `lottery`? Your money may be going to Dawood Ibrahim
Stepping up pressure on underworld don Dawood Ibrahim, the Income Tax officials on Thursday unearthed Rs 100-crore hawala racket in Kolkata, West Bengal.
Sep 25, 2015, 13:24 PM IST
