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CBDT SPOKESPERSON
Sebi offers a way over FPI tax rule hurdleIn a bid to streamline tax compliance, India's markets regulator Sebi is actively negotiating with the CBDT, the country’s tax authority. T...- Tax authorities ask FPIs to appoint local representatives for complianceIndian tax authorities are pushing foreign portfolio investors (FPIs) to designate a 'representative assessee' for tax default engagement. ...
- I-T dept detects benami assets, hawala transactions after raids on Sena Corporator, BMC contractorsShiv Sena spokesperson and Rajya Sabha MP Sanjay Raut had told reporters on the day of the raids that the I-T department action was conduct...
- Taxman looks at startup valuations via rarely-used provisionStartups that, despite losing money, sell stocks at steep premiums based on growth projections, being asked to explain valuations
- Income Tax department detects Rs 200-crore evasion after raids in Assam"Total evasion of income in these cases exceeds Rs 200 crore. Nine bank lockers have been found, which are yet to be operated," a CBDT spok...
- The Budget move that leaves Amazon, Flipkart sellers with less money in handE-commerce marketplaces including Snapdeal, Amazon and Flipkart have approached the government through industry body Ficci seeking a revers...
- Tax association drags government to court over incentivising I-T commissionersThe petitioner claimed that CBDT guidelines amount to interference in impartial dispensation of justice and could potentially lead to confl...
- For income tax ‘Judges’, hikes linked to pro-department rulingsAppraisals have been linked to the number of rulings IT commissioners make in favour of the tax department.
- Panel certificate next hurdle for startups to get Angel Tax breakAppeals by startups are “under active consideration and likely to be disposed off expeditiously,” a CBDT spokesperson said in an email repl...
- CBDT chief tells tax officers to target Rs 3 lakh crore unexplained cash deposits during note banIdentifying a sizeable slice of deposits as unaccounted cash will not only shore up overall tax collection, but also give govt a chance to ...
- Australian company Getax under probe in India and Australia for money launderingGetax’s core business is trading in phosphate. Its clients include Indian companies. Getax is being looked at by AFP investigators for corr...
- Financial institutions asked not to close MF, insurance accounts for non-complianceThe Central Board of Direct Taxes has asked financial institutions not to close accounts that are not compliant with tax information sharin...
- Private media consultant for I-T dept for image makeover!The paper observed that the department barely reacted to malicious media reports and shied away from highlighting the excellent work done i...
- Income tax department to hire media consultant?The income tax (I-T) department is exploring the idea of hiring a private media consultant to effectively project the department.
- Tax demand on Vodafone, Cairn cannot be disputed: CBDTThe CBDT chief said "as long as" the retrospective amendment of the IT Act passed by Parliament remains valid, the "demand (of tax against ...
- Income Tax department gets Rs 11 crore in cash, jewellery, FDs from Ponty ChadhaThe Income Tax department had seized Rs 11 crore in cash, jewellery and fixed deposits and sealed 13 bank lockers during the searches of th...
- Mahindra Satyam may have to bear income tax relating to years in which accounts were fudgedThe income tax department had slapped Rs 617 crore tax on the company last year in respect of incomes for years 2003-04 to 2008-09.
- Individual taxpayers need not declare high-value transactionsCBDT has given a breather to individual tax payers from declaring high-value transactions with banks, MFs, credit cards, etc via the I-T re...
- No tax raids on stock brokers: GovtGovt admitted searches were being conducted on doctors, designers and realty players.
- Govt confirms raids on pros and realty playersGovernment ruled out the possibility of raids against persons illegally involved in trade of shares.
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