Now a VIP or PMO can help you to expedite pending tax appeals; Know how to file request for expeditionCBDT has revised the situations when a individual or income tax assessing officer (AO) can file a request for expedition of tax appeal case...
20 Mar, 2024, 04.33 PM IST
Taxpayers, check ITR portal NOW: Pending tax demand of up to Rs 1 lakh per individual waived by govtIncome tax outstanding demand: The Central Board of Direct Taxes (CBDT) has stated via a order that the income tax department has started w...
20 Mar, 2024, 10.58 AM IST
Today March 15 is advance tax deadline: Has CBDT fixed inflated income data in AIS Compliance portal?Advance tax due date: March 15, 2024 is the due date for payment of advance tax for FY 2023-24. However recently the tax department made in...
15 Mar, 2024, 05.26 PM IST
No penal interest on TDS for crypto investors who failed to file the TDS return by May 31, 2023: CBDTVirtual digital assets tax: Purchaser of virtual digital assets (VDA) like Bitcoin (BTC), Ethereum (ETH), Solana (Sol), Algorand (Algo), Sh...
08 Mar, 2024, 04.56 PM IST
Revamped Income Tax website launched with new features; how it will help taxpayers, professionalsNitin Gupta, Chairman, Central Board of Direct Taxes (CBDT), has launched a revamped national Income Tax Department website at the ‘Chintan...
26 Aug, 2023, 05.41 PM IST
If you don't reply to income tax dept's queries, ITR likely to be picked for full scrutiny: CBDTThe Central Board of Direct Taxes (CBDT) has issued guidelines of the income tax officials regarding parameters to be followed to pick up t...
25 May, 2023, 12.12 PM IST
Decoding transfer pricing rule that put BBC under Indian taxman's radarA piece of key news that dominated headlines this week was the Indian tax department's 'survey' on global media behemoth BBC's premises in ...
18 Feb, 2023, 12.13 PM IST
Fix ITR portal glitches or we will extend tax return filing deadline: Gujarat HC to income tax deptThe Gujarat HC refused to issue directions on Tuesday, but insisted on assurance from the “highest authority” that in case of difficulty fa...
20 Jan, 2022, 11.18 AM IST
Misconception to think taxman snoops on social media posts: CBDT bossTax department does not need to undertake such measures as it is empowered to obtain various information and data sets from multiple agenci...
14 Jul, 2019, 03.41 PM IST
Disclosures under black money window 'firewalled' against prosecution: CBDTMember Rani Nair said the new tax regime was "moving towards zero tolerance to tax evasion" and those who do not comply, hazard a risk for ...
31 May, 2016, 10.10 PM IST
Government orders quick issue of IT refunds under Rs 50,000According to government data, over Rs 5,400 crore is locked in pending refunds, which has become a major grievance for taxpayers.
06 Dec, 2015, 12.01 PM IST
Taxation reforms: CBDT to hire a private consultant for recastThe consultant would advise the Central Board of Direct Taxes on restructuring, bringing in an outsider’s perspective to the department tha...
30 Oct, 2015, 05.06 AM IST
I-T department to use email for issuing noticesCBDT, the apex policy-making body of the IT department, is working on a strategy to create the required processes and capacity in this rega...
20 Sep, 2015, 12.21 PM IST
Government, SIT widen black money probe as new HSBC list emergesThe Income Tax Department is in touch with the whistle blower who apparently brought out the names of persons holding undisclosed bank acco...
10 Feb, 2015, 12.44 AM IST
Mergers and amalgamations meant to avoid tax to face more scrutinyM&A deals involving the proposed merger of a loss-making company into a profit-making entity to set off the loss and, thereby, reduce the t...
14 Apr, 2014, 01.11 PM IST
Raid at Ponty Chadha's Noida mall yields just Rs 100 and not 100 crores!Raiding party comprising officials from the newly created directorate of criminal investigation discovers just Rs 100 in the vault and not ...
15 Feb, 2012, 05.00 AM IST
'Budget has addressed the main concerns of farmers'The tax collection may go up further despite major reliefs announced in the Budget. In an exclusive interview, CBDT chairman R Prasad said ...
02 Mar, 2008, 01.33 AM IST