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CBDT COMMITTEE
I-T dept issues revised instruction on action against officers for high-pitched assessmentsConsidering the implementation of faceless assessment regime, the CBDT has now issued a revised instruction regarding constitution and func...
Govt to set up panel to look into tax issues faced by startupsIncome Tax dept will not take any "coercive" action to recover tax from startups, the CBDT said.
Honest, consistent taxpayers to be feted by government; policy proposal in worksGovt is getting ready to extend benefits to taxpayers who pay their taxes on time and in full.
Full I-T e-assessment from next year; CBDT forms committeeThe new regime will, however, be voluntary. Taxpayers can take a call on whether to conduct their dealing over the e-system or through exis...
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...
CBDT forms committee to check absconding I-T dept officers"The Committee shall obtain information from all the cadre-controlling authorities and submit it to the Board," it said.
I-T Department constitutes 7-member panel to devise e-scrutiny proceduresThe Central Board of Direct Taxes has already started phased pilot projects for email-based assessments in 7 cities for individual assessee...
Panel to examine offshore funds' request for setting up officeRevenue Department today set up a three-member committee for recommending advance approval to offshore funds for setting up management offi...
Set up local committees for grievances: CBDT to IT officialsTo improve tax collection, the CBDT asked Principal Chief Commissioners of Income Tax to set up local committees to deal with grievances on...
CBDT forms panel to examine industry-based tax assessment systemThe committee has been given a month's time to do its job and submit its report to the apex-policy making body of the tax department by Oct...
CBDT constitutes panel to suggest steps to reduce litigationThe CBDT today constituted for the first time a six-member panel to examine the "efficacy" of the existing primary litigation mechanism in ...
Central Board of Direct Taxes constitutes panel to suggest steps to reduce litigationThe committee will suggest steps to reduce litigation at the dispute resolution foras in the Income Tax department.
Budget 2014: CBDT committee to be set up to decide on fresh tax disputes on transfer pricingTax experts also said that the crucial aspect here will be the ‘parameters/principles’ that will be applied by the CBDT in guiding the tax ...
- CBDT panel for tax accounting norms for computing income of realty developers
A high-level CBDT panel has suggested framing of tax accounting standards (TAS) for computing precise income of real estate developers.
- Black money:Finance Ministry panel gets over 3,000 responses
The high-level Finance Ministry committee on curbing the menace of blackmoney has received more than 3,000 comments from general public.
- Committee on black money likely to hold 1st meet on June 9
The CBDT chairman-headed committee, set up to strengthen ways to curb black money in the country, is likely to hold its first meeting on Ju...
- FinMin sets up panel to suggest framework to seize black money
The Government is under immense pressure on the issue of black money not only from the Oppostion and civil society, but also from the Supre...