Central Board of Direct Taxes

Have centralised monitoring for audit objections: CAG to CBDT

Government auditor CAG has suggested to the Central Board of Direct Taxes to introduce centralised monitoring mechanism to timely deal with the internal audit objections.

Aug 11, 2015, 22:30 PM IST

I-T warns of action against those disclosing secret tax info

The Central Board of Direct Taxes (CBDT) said the confidentiality of taxpayers' information has assumed a greater significance in view of "increased availability of information" regarding offshore tax evasion, tax avoidance and stashing of unaccounted money abroad.

Jul 19, 2015, 12:50 PM IST

Government asks top taxmen to ideate for widening tax base

The unique move comes in the backdrop of the government recently asking the I-T department to take urgent steps to widen the tax base and add at least 25 lakh new assesses every month during the current financial year 2015-16.

Jun 14, 2015, 13:08 PM IST

Black money: Keep foreign info strictly secret, CBDT tells I-T

CBDT has issued fresh instructions to the taxman to ensure that information on individuals holding black money abroad is strictly kept secret as any "careless" act could give an excuse to the data supplying country for not helping India in the future.

Jun 03, 2015, 21:18 PM IST

CBDT effects changes; Chairperson divests investigation charge

The CBDT has effected an in-house change of charges with Chairperson Anita Kapur divesting the additional charge of investigations to another Member in the board.

May 19, 2015, 19:38 PM IST

Govt to study HC stay order on MAT levy on FIIs

With a foreign fund house getting a court stay on the controversial MAT levy, the tax department Tuesday said it will study the Bombay High Court order before taking a view on the matter.

May 05, 2015, 22:33 PM IST

I-T dept collects Rs 6.96 lakh cr revenue during 2014-15

The achieved collections are about Rs 9,000 crore or 14 percent short of the projected target of Rs 7,05,000 crore.

May 03, 2015, 15:59 PM IST

CBDT to settle foreign funds' claims within a month

The Income Tax department has directed its officers that cases of foreign institutional investors (FIIs) seeking tax exmption under the Double Taxation Avoidance Agreements (DTAAs) with other countries must be decided within a month of claim filing.

Apr 27, 2015, 19:06 PM IST

All MAT tax claims under DTAA to be settled in a month

Central Board of Direct Taxes will settle all minimum alternate tax (MAT) matters of FIIs coming under the ambit of Double Taxation Avoidance Agreements within a month of filing of claims.

Apr 27, 2015, 14:39 PM IST

Govt meets FIIs on tax issues, offers DTAA relief to MAT-hit investors

In a relief to foreign investors slapped with Rs 40,000 crore tax demands, the government Wednesday said such levies would not be applicable to the entities based in countries having double taxation avoidance pacts with India, while others can approach the courts for reprieve.

Apr 22, 2015, 17:42 PM IST

Soon, PAN card to be issued in 48 hours flat!

The government will soon launch a facility under which a PAN card will be issued within 48 hours of applying.

Apr 21, 2015, 23:44 PM IST

Now EPIC or Aadhaar document enough to get PAN card

An EPIC or Aadhaar document will now be enough for any individual to obtain PAN card as the Income Tax Department has relaxed the cumbersome procedure of having multiple documents to prove one's own identity.

Apr 20, 2015, 17:41 PM IST

Rollover of MFs beyond 36 months not capital gains: CBDT

In a major relief to investors, the rollover of mutual fund Fixed Maturity Plans (FMP) beyond 36 months will not attract capital gains.

Apr 12, 2015, 13:21 PM IST

CBEC to set up Directorate of Taxpayer Services

The CBEC is celebrating 2015 as the Year of Taxpayer Services in "recognition of the need to have 'customer focus' in our day-to-day functioning".

Apr 05, 2015, 13:47 PM IST

Acting against tax evasion is not tax terrorism: CBDT chief

Promising to move "two steps" forward to clear the perception of 'tax terrorism', the Tax Department Wednesday said the taxpayers also need to take 'two steps' to ensure their compliance with laws.

Mar 04, 2015, 21:16 PM IST

CBDT signs first bilateral APA

"This is India's first bilateral APA. The APA is for a period of five years," an official statement said.

Dec 19, 2014, 21:28 PM IST

CBDT chief to keep exclusive charge of I-T investigations

A major reshuffle has been effected in the CBDT, with the board's Chairperson Anita Kapur deciding to assume exclusive charge of Income-Tax department investigations in order to personally spearhead ongoing probes into cases of tax evasion and black money.

Dec 14, 2014, 22:28 PM IST