Central Board of Direct Taxes

Latest articles

10h
Business Standard India
Economists meet Arun Jaitley, divided on fiscal road mapconcerns on revenue. There could be a shortfall of Rs 20,000 crore due to revis
Business Standard India / Posted 10 hours ago
concerns on revenue. There could be a shortfall of Rs 20,000 crore due to revision in Goods and Services Tax rates. The Central Board of Direct Taxes has pitched for lowering of direct tax targets by Rs 20,000 crore compared to the budget... Read more
3 related articles
16h
Business Standard India
Direct tax collection target raised by Rs 20,000 cr to Rs 10 lakh crEven as the Central Board of Direct Taxes (CBDT) finds it difficult to achieve
Business Standard India / Posted 16 hours ago
Even as the Central Board of Direct Taxes (CBDT) finds it difficult to achieve the Budget Estimates (BE) of direct taxes at Rs 9.8 lakh crore for FY18, its target was revised upwards by Rs 20,000 crore to Rs 10 lakh crore. Sources in the apex body... Read more
2d
asianage
Direct tax collections rise 14 pc to Rs 4.8 lakh cr in Apr-Novat Rs 4.8 lakh crore, which is 14.4 per cent higher than the net collections fo
asianage / Posted 2 days ago
at Rs 4.8 lakh crore, which is 14.4 per cent higher than the net collections for the corresponding period of last year," Central Board of Direct Taxes said in statement. According to the statement, the net direct tax collections represent 49 per... Read more
2 related articles
2d
Business Standard India
Direct tax collections rise 14% to Rs 4.8 lakh cr in Apr-Nov: CBDTat Rs 4.8 lakh crore, which is 14.4 per cent higher than the net collections fo
Business Standard India / Posted 2 days ago
at Rs 4.8 lakh crore, which is 14.4 per cent higher than the net collections for the corresponding period of last year," Central Board of Direct Taxes said in statement. The gross collections (before adjusting for refunds) have increased by 10.7... Read more
2 related articles
4d
Business Standard India
Tax sleuths may invoke Benami Act while probing unexplained cash depositsdown on benami property and transactions has been a stated objective of the gov
Business Standard India / Posted 4 days ago
down on benami property and transactions has been a stated objective of the government. As reported in November, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra told news agencies that the I-T Department is matching the "tax... Read more
5d
Business Standard India
Stock brokers seek status quo on long-term capital gains taxrecommendation to remove the exemption on long-term capital gains (LTCG) tax. A
Business Standard India / Posted 5 days ago
recommendation to remove the exemption on long-term capital gains (LTCG) tax. Anmi representatives met the chairman of the Central Board of Direct Taxes to urge no change in the tax structure for the capital markets. "Doing away of the LTCG benefit... Read more
5d
asianage
Panel suggests tweaks to GSTon November 2 on proposed changes in the GST Act. The group was headed by Gaut
asianage / Posted 5 days ago
on November 2 on proposed changes in the GST Act. The group was headed by Gautam Ray, retired chief commissioner of Central Board of Direct Taxes (CBDT) and had members which included CAIT secretary general Praveen Khandelwal, Araghya Sen... Read more
2 related articles
5d
Business Standard India
Corporation tax cut: Govt weighs hit to exchequerfrom the road map for the next year as well. Also, on the direct taxes front,
Business Standard India / Posted 5 days ago
from the road map for the next year as well. Also, on the direct taxes front, and as reported by Business Standard, the Central Board of Direct Taxes has pitched for lowering of direct tax targets by Rs 20,000 crore, compared to the BE due to... Read more
7d
Business Standard India
Central govt counts on divestment to deliverto do so, after massive frontloading in the first half of the year. Also, as r
Business Standard India / Posted 7 days ago
to do so, after massive frontloading in the first half of the year. Also, as reported earlier by this publication, the Central Board of Direct Taxes has asked for lowering of direct tax targets by Rs 20,000 crore compared to the Budget... Read more
10d
Business Standard India
Paradise Papers: Task force asks tax dept to send notices to 714 personsThe special task force comprising Central Board of Direct Taxes Chairman and of
Business Standard India / Posted 10 days ago
The special task force comprising Central Board of Direct Taxes Chairman and officials from the Enforcement Directorate, the RBI and the Financial Intelligence Unit, in its first meeting held on Friday, finalised the standard operating procedures to... Read more
10d
Business Standard India
Don't inquire beyond jurisdiction in limited scrutiny cases: CBDT to taxmenThe Central Board of Direct Taxes (CBDT) has warned the taxmen against undertak
Business Standard India / Posted 10 days ago
The Central Board of Direct Taxes (CBDT) has warned the taxmen against undertaking "roving or fishing" inquiries in the name of scrutiny assessments and asked them to scrupulously adhere to its guidelines. The policy-making body of the department,... Read more
12d
Business Standard India
Central task force plans crackdown on tax evadersto take stringent action against tax evaders named in the leaked documents. Acc
Business Standard India / Posted 12 days ago
to take stringent action against tax evaders named in the leaked documents. According to sources, the group, headed by the Central Board of Direct Taxes chairman and having representatives from the Enforcement Directorate, the Reserve Bank of... Read more
12d
Business Standard India
Govt task force plans crack down on tax evadersto take stringent action against tax evaders named in the leaked documents. Ac
Business Standard India / Posted 12 days ago
to take stringent action against tax evaders named in the leaked documents. According to sources, the group, headed by the Central Board of Direct Taxes chairman and having representatives from the Enforcement Directorate, the Reserve Bank of... Read more
13d
Business Standard India
Panama:T raids 25 locations in Delhi-NCR, seizes Rs 4 cr cash, jewelleryleast 25 locations in Delhi-NCR were covered during Tuesday's search-and-survey
Business Standard India / Posted 13 days ago
least 25 locations in Delhi-NCR were covered during Tuesday's search-and-survey operations, the sources added. The Central Board of Direct Taxes (CBDT), which frames the policies of the IT department, had recently said that the probe into... Read more
13d
The Indian Express
Panama: I-T searches 25 locations in Delhi-NCRand Faridabad. These business groups had allegedly concealed turnover and inco
The Indian Express / Posted 13 days ago
and Faridabad. These business groups had allegedly concealed turnover and income, officials said. Earlier this month, the Central Board of Direct Taxes (CBDT) had said that the Panama probe had led to the detection of undisclosed wealth of Rs 792... Read more
13d
Business Standard India
Tax advisors to those named in Paradise Papers under I-T lensaction and re-constituted a multi-agency panel led by the chairman of the I-T d
Business Standard India / Posted 13 days ago
action and re-constituted a multi-agency panel led by the chairman of the I-T department to carry out a probe into it. The Central Board of Direct Taxes (CBDT) has alerted its teams across the country to carry out investigations based on the... Read more
14d
asianage
Black money: Taxmen to launch assessment of defaulters from Janamounts of money in banks post-demonetisation, but have not filed their income
asianage / Posted 14 days ago
amounts of money in banks post-demonetisation, but have not filed their income tax returns (ITRs) till now. The Central Board of Direct Taxes (CBDT), which frames policies for the department, has asked the taxman to finish the process of... Read more
2 related articles
15d
asianage
CBDT asks I-T dept to impose 'higher tax rate' on fraud revised ITRshigher rate without any set off losses, expenses etc. under section 115BBE (tre
asianage / Posted 15 days ago
higher rate without any set off losses, expenses etc. under section 115BBE (treatment of tax credits) of the I-T Act," the Central Board of Direct Taxes (CBDT) instructions said. The instructions, accessed by PTI, also ask the taxman that claim of... Read more
2 related articles
15d
Business Standard India
CBDT asks I-T dept to impose 'higher tax rate' on fraudulently revised ITRshigher rate without any set off losses, expenses etc. under section 115BBE (tre
Business Standard India / Posted 15 days ago
higher rate without any set off losses, expenses etc. under section 115BBE (treatment of tax credits) of the I-T Act," the Central Board of Direct Taxes (CBDT) instructions said. The instructions, accessed by PTI, also ask the taxman that claim of... Read more
2 related articles
19d
Business Standard India
Govt sets up Arbind Modi-led panel to overhaul, simplify income tax lawsArbind Modi has been asked to do the task again to meet the contemporary econom
Business Standard India / Posted 19 days ago
Arbind Modi has been asked to do the task again to meet the contemporary economic needs of the country. Modi, Member, Central Board of Direct Taxes (CBDT), will steer a six-member panel on the issue, an official press statement said. Chief... Read more
7 related articles
19d
The Hindu
New direct tax law comingold Income Tax law and suggest a new law to replace it. On Wednesday, the Fina
The Hindu / Posted 19 days ago
old Income Tax law and suggest a new law to replace it. On Wednesday, the Finance Ministry formed a task force led by Central Board of Direct Taxes Member Arbind Modi to review the Income Tax Act, 1961 and draft a new direct tax law in... Read more
7 related articles
22d
asianage
Panama Papers: Taxmen slap criminal charges under anti-black money Actof the seven entities citing the overriding global tax information exchange sec
asianage / Posted 22 days ago
of the seven entities citing the overriding global tax information exchange secrecy clauses between various countries. The Central Board of Direct Taxes has recently said that investigations in the Panama Papers leak cases till now have resulted in... Read more
26d
Business Standard India
Govt finds 130,000 firms without PANa separate development, there was a 300 per cent jump in the number of applicat
Business Standard India / Posted 26 days ago
a separate development, there was a 300 per cent jump in the number of applications for PAN post-demonetisation. Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra had said while there were around 250,000 PAN applications per... Read more
27d
Business Standard India
Confident to go past direct tax collection target of Rs 9.80 lakh: CBDTThe Central Board of Direct Taxes (CBDT) on Tuesday said it was not only confid
Business Standard India / Posted 27 days ago
The Central Board of Direct Taxes (CBDT) on Tuesday said it was not only confident that the Income Tax (IT) department would achieve the direct tax collection target for the current financial year, but that it would go past it. "The collections... Read more
27d
Business Standard India
300% rise in PAN applications post demonetisation: CBDTThere was a 300 per cent jump in the number of applications for PAN (Permanent
Business Standard India / Posted 27 days ago
There was a 300 per cent jump in the number of applications for PAN (Permanent Account Number) post demonetisation, the Central Board of Direct Taxes (CBDT) said on Tuesday. CBDT Chairman Sushil Chandra said while there were around 2.5 lakh PAN... Read more
27d
asianage
CBDT to issue notices to 'suspicious' cash depositorsand have not responded to taxman's preliminary communication, the CBDT said on
asianage / Posted 27 days ago
and have not responded to taxman's preliminary communication, the CBDT said on Tuesday. Sushil Chandra, chairman, Central Board of Direct Taxes (CBDT) said despite closing of I-T returns filing time period, a number of entities and... Read more
2 related articles
27d
asianage
Benami assets: I-T department scanning profiles of property registeredof the anti-Benami Act, as action against illicit asset holders is set to inten
asianage / Posted 27 days ago
of the anti-Benami Act, as action against illicit asset holders is set to intensify, the CBDT chief said on Tuesday. Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said the taxman is also investigating those shell companies and... Read more
27d
asianage
Third appeal in tax cases should be filed selectively: CBECissue and put the same on record. The TPRU, set up by the government in Februa
asianage / Posted 27 days ago
issue and put the same on record. The TPRU, set up by the government in February 2016, comprise of officers from both the Central Board of Direct Taxes (CBDT) and Central Board of Excise and Customs (CBEC) as well as economists, statisticians,... Read more
29d
Business Standard India
From what it means to what govt can do next: 16 FAQs about Paradise PapersGroup (MAG) on April 4, 2016, to facilitate a coordinated and speedy investigat
Business Standard India / Posted 29 days ago
Group (MAG) on April 4, 2016, to facilitate a coordinated and speedy investigation. The MAG consists of officers of the Central Board of Direct Taxes (CBDT), Enforcement Directorate (ED), Financial Intelligence Unit (FIU), and RBI. So far, the... Read more
m
The Hindu
BJP MP rails against note ban at House panel meetingblack money. Economic Affairs Secretary Subash Chandra Garg, Financial Service
The Hindu / Posted 1 months ago
black money. Economic Affairs Secretary Subash Chandra Garg, Financial Services Secretary Rajiv Kumar, and Chairman of Central Board of Direct Taxes Sushil Chandra were also present at the meeting. Officials quizzed According to sources, Mr.... Read more

In this news