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JB MOHAPATRA
Budget should raise I-T exemption threshold to Rs 5.7 lakh, simplify TDS: GTRIGTRI recommends raising the income tax exemption threshold to Rs 5.7 lakh to account for inflation, simplifying the TDS system, and equalis...- CBDT Chairman Nitin Gupta gets 9-month extensionNitin Gupta, chairman Central Board of Direct Taxes will continue in the office for nine more months as the government re-employed him on a...
- Net direct tax collection reaches highest-ever figure in FY 22The net direct tax collections (income tax and corporate tax) reached an all time high of Rs 14.09 lakh crore in financial year 2021-22 aga...
- IT dept prepares to tax 30 per cent profits made on crypto transactionsThe new tax regime of cryptocurrency will fall under section 285BA and sub section (k) of IT Act. Where under rule 114 E, persons are requi...
- Top cryptocurrency prices today: Avalanche jumps 5%; Solana, Polkadot and Bitcoin drop up to 3%Bitcoin, the largest crypto by market value, was trading 1.34 per cent lower at $40,556. It was still up 5.6 per cent in the last seven day...
- Unaccounted crypto transactions of 700 investors under I-T scannerInterestingly, apart from high net-worth individuals , non-resident Indians and startups, the list also includes students and housewives wh...
- Unaccounted crypto transactions of 700 users under IT scannerIncome tax officials said most of these cases involved users who have either skipped mention of crypto gains in tax returns or haven’t file...
- Cess clarification: Tax experts wary of reopening of casesWhile taxpayers whose cases have already been decided by the Supreme Court are seen as insulated from retrospective amendments, there is a ...
- Cess not an expenditure, says JB Mohapatra CBDT ChairmanThe Budget has proposed an amendment to the Income-tax Act retrospectively from assessment year 2005-06, to stop claiming of cess and surch...
- Crypto community up in arms against 30 per cent taxThe change.org petition was started by Aditya Singh, Co-founder of CryptooIndia, and then amplified by popular social media influencers lik...
- Crypto currency transactions under taxman's lensCentral Board of Direct Taxes chairman JB Mohapatra added that the department had been keeping a tab on cryptocurrency transactions since 2...
- Multi-Agency Group preliminary investigation on Pandora Papers begins, holds first meetingSources further told that the MAG also have a platform of Organisation for Economic Co-operation and Development (OECD) where, through Spon...
- India will investigate Pandora Papers cases: Finance Ministry"The relevant investigative agencies would undertake investigation in these cases and appropriate action would be taken in such cases as pe...
- JB Mohapatra named CBDT chairmanMohapatra will succeed Prakash Chandra Mody, a 1982-batch Indian revenue services officer, who retired in May.
- Govt will refund Rs 8000 crore to four companies once new taxation laws come into effect: CBDT ChairpersonThe Bill will do away with the retrospective tax provision and end all retrospective taxes imposed on indirect transfer of Indian assets ma...
- Supreme Court asks Centre to set up Mahanadi water tribunalThe union Ministry of Water Resources, caught between the two states, had preferred on finding a solution through talks.
- PM Narendra Modi bonds with families of forgotten martyrs"The freedom struggle was people’s movements filled with sagas of dedications and sacrifices spanning over 700 to 800 years,” said Modi.
- Odisha seeks Tribunal for Mahanadi disputeOdisha is objecting to Chhattisgarh building barrages over the Mahanadi that it claims will reduce water downstream in Odisha.
- BJP fishing for allies in Tamil Nadu, Andhra Pradesh, OdishaThis is a clear strategy to repeat the 1998 and 1999 performance when BJP had ensured a pre-poll alliance in all the bigger states.
- Naveen Patnaik: The man who would be king, or would he?Naveen Patnaik, now seemingly leading a coalition of CMs against the Centre, may be preparing for a national role. But remember, he's full ...
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