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CBDT COMMITTEE REVIEW
Amit Shah orders razing of illegal structures along Indo-Pak borderUnion Home Minister Amit Shah has directed the authorities to enforce a strict zero tolerance policy against illegal constructions near the...- Two-third of ₹43 lakh crore tax demand 'difficult' to collect: Income Tax DeptThe Income Tax Department has informed a Parliamentary panel that two-thirds of the Rs 43 lakh crore outstanding tax demand is difficult to...
- New Income Tax Bill to have 622 pages, almost half of the existing I-T Act; Likely to be tabled in Parliament on ThursdayThe new Income Tax Bill, set to be introduced in the Lok Sabha, will replace the Income Tax Act, 1961. It includes 536 sections, 23 chapter...
- Most suggestions on IT Act were about simplifying language, widening presumptive taxation: CBDT ChairmanThe Income-Tax Department's internal committee has received suggestions to simplify and restructure the old tax law, expanding schemes like...
- Govt to exceed FY25 direct tax collection target: CBDT chiefIndia's Central Board of Direct Taxes (CBDT) chairman announced expectations of exceeding the current fiscal year's direct tax collection t...
- Revenue dept forms 22 sub-committees to review I-T actThe Indian government has formed 22 sub-committees to reassess the Income Tax Act, aiming to simplify it and make it more user-friendly. Fi...
- I-T dept receives 6,500 suggestions on income tax act reviewThe income tax department received suggestions for the Income Tax Act review. Finance Minister Nirmala Sitharaman chaired a meeting on the ...
- Tax dept invites public suggestions for I-T Act reviewThe Income Tax department has sought public opinions to simplify the six-decade-old Income-tax Act, focusing on clearer language, reducing ...
- CBDT forms committee for I-T Act review; 'sunset' clauses to be eliminatedAn internal committee of the Income Tax Department will review the Income Tax Act of 1961 to streamline and update it by removing outdated ...
- Marketing practices framework: DoP panel to meet drug lobby groups"In the meeting as part of stakeholder consultations, the committee has desired to have the view of Organisation of Pharmaceutical Producer...
- Sloppy taxmen on high profile cases to face action"In many cases, notices were slapped, and exemptions were deleted even where tax law clearly allowed it," an official familiar with the dev...
- Sebi, CBDT MoU aimed at enhancing market transaction scrutiny: LawyersThe MoU comes into effect from Wednesday itself.
- Government not considering merger of CBDT, CBIC: Finance MinistryReacting to a media report which suggested that a merger of policy making bodies of direct and indirect taxes CBDT and CBIC is on cards, th...
- CBDT letter restrains officials from taking coercive actionThis follows a high-profile meeting last Friday b/w the Dept of Revenue, DIPP and CBDT, following concerns over the large number of tax dem...
- Government orders cadre review, restructuring of I-T department; committee formedThe CBDT has ordered creation of a 12-member panel of senior officials to restructure the I-T dept.
- CBDT committee to review 'naming, shaming' of tax defaultersThe Board, which decides policy matters for the Income Tax Department, has ordered creation of a special committee to analyse the subject a...
- Tax department considering peer review before tax assessments"Further, simplification of procedures relating to payment of central taxes is a continuous process," Sinha added.
- A K Jain frontrunner for post of CBDT ChairmanAnita Kapur, the incumbent Chairperson of Central Board of Direct Taxes which is the apex policy-making body of the Income Tax department, ...
- CBDT constitutes committee to fine tune transfer policyThe restructuring has brought about largescale changes in the jurisdiction of I-T officers and also changes in the assessment ranges for a ...
- Tax authorities miffed at Shome Panel's reportsThe tax authorities are likely to oppose most of the conclusions of two panels, both headed by tax expert Parthasarathi Shome.
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