Central Board of Direct Taxes
13 Aug 2020
PM Modi launches Transparent Taxation platform for honest taxpayers
In a move aimed at helping honest taxpayers, Prime Minister Narendra Modi on Thursday launched the "Transparent Taxation - Honoring The Honest" platform.
08 Jun 2020
#CareerBytes: How to become an Income Tax Inspector in India?
Government jobs are a dream for many and are the most preferred career option for a lot of youngsters in the country.
26 Apr 2020
India's super-rich may face wealth tax to aid coronavirus-hit economy
In a bid to reduce the impact of the coronavirus pandemic on the economy, 50 Indian Revenue Service (IRS) officers have suggested a 40% tax for the super-rich, a one-time COVID-19 relief cess of 4%, etc.
23 Dec 2019
#CareerBytes: How to become an Income Tax Inspector in India?
Government jobs are a dream for many and are the most preferred career option for a lot of youngsters in the country.
14 Sep 2019
Mukesh, Nita and Ambani kids get Income Tax notices: Report
Reliance Industries head honcho Mukesh Ambani, his wife Nita, and their three children- Akash, Anant, and Isha, have received notices from the Mumbai leg of Income Tax Department, Indian Express reported on Saturday.
12 Sep 2019
Do NRIs need to link their PAN with Aadhaar?
According to government's notification, it is mandatory to link PAN and Aadhaar latest by September 30, 2019, or your PAN might become invalid.
04 Sep 2019
Automatic PAN generation for taxpayers using Aadhaar to file ITR
The Income Tax department will now issue a Permanent Account Number (PAN) to taxpayers using their Aadhaar number to file Income Tax returns, as a new method to link the two databases.
14 Jul 2019
You may be fined Rs. 10,000 for entering wrong Aadhaar
Banks and other institutions will soon make upgrades to allow people to quote India's national biometric ID (Aadhaar) for high-value transactions in place of the permanent account number (PAN).
09 Apr 2019
After MP raids, I-T detects "well-organized" racket involving Rs. 281cr
A day after Income Tax officials raided residences of aides of Madhya Pradesh Chief Minister Kamal Nath, the body said on Monday that it has detected "widespread" and "well-organized" racket involving Rs. 281 crore.
09 Apr 2019
#FinancialBytes: New income-tax return forms released; Here's everything to know
The Central Board of Direct Taxes (CBDT) released new income tax return (ITR) forms for the Assessment Year 2019-20.
01 Apr 2019
Deadline to link Aadhaar with PAN extended by six months
The Central government has extended the deadline to link Aadhaar with PAN by six months, to September 30, 2019. The previous deadline to link the two IDs was March 31.
28 Feb 2019
Hard disks, undisclosed expenditure found in terror funding raids
On Wednesday, income tax officials carried out raids on seven places spread across Delhi and Jammu and Kashmir, belonging to the "head of a prominent organization and his associates" who have allegedly been conducting "anti-national" activities.
14 Feb 2019
CBDT chairman Sushil Chandra appointed as new chief election commissioner
Sushil Chandra, the current chairman of the Central Board of Direct Taxes (CBDT), has been appointed as the next chief election commissioner.
24 Dec 2018
Petition filed in SC seeking quashing of Center's 'snooping order'
On Monday, a public interest litigation (PIL) was filed before the Supreme Court challenging the constitutionality and legality of the Center's December 20 order that granted sweeping surveillance powers to 10 Central agencies.
22 Dec 2018
Centre goes in defensive mode after 'snooping order', clarifies notification
On Thursday, the Centre gave powers to ten Central investigative agencies to intercept and monitor all data present in any computer and invited criticism from the opposition which claimed the country was being made into an 'Orwellian state'.
21 Dec 2018
Now, government can monitor data in any personal computer
In what could mark the beginnings of an Orwellian surveillance state, the Ministry of Home Affairs (MHA), on Thursday, granted sweeping powers to 10 Central investigative agencies to intercept, monitor and decrypt any data stored on computer devices.
05 Dec 2018
#PANCardRules: New PAN rules come into effect today; Details here
The Income Tax Department has introduced some important amendments to the Permanent Account Number (PAN) card rules effective from 5 December 2018.
26 Nov 2018
New PAN card rules will come into effect from December
In a bid to prevent tax frauds, the Income Tax Department has come up with new rules on PAN cards.
04 Nov 2018
75 lakh new tax-filers added to IT net this fiscal
About 75L new tax filers have been added to the income tax payers list in the country this fiscal till now.
27 Oct 2018
SK Mishra appointed new ED chief; Karnal Singh retires
IRS officer Sanjay Kumar Mishra was today appointed the new Chief of the Enforcement Directorate (ED) in an additional capacity.
22 Oct 2018
CBDT: From 2014-2018, number of Indian crorepatis rose by 60%
On Monday, the Central Board of Direct Taxes (CBDT) released key tax statistics that indicate that the number of crorepatis in India are going up.
14 Oct 2018
#NewPolicy: Honest, consistent taxpayers might get preferential treatment
The government is reportedly working on a policy that seeks to provide preferential treatment in availing of public services and tax-related services to honest and consistent taxpayers.
03 Sep 2018
Now, mentioning father's name not mandatory in PAN application
In an empowering move, the government is set to make mentioning father's name not-mandatory when applying for a new PAN card.
01 Jul 2018
Fifth extension: Deadline to link Aadhaar-PAN pushed till March'19
The Central Board of Direct Taxes (CBDT) Saturday extended the deadline to link PAN with Aadhaar till March 31, 2019, making it the fifth such extension by the government.
30 Jun 2018
PAN-Aadhaar linking deadline ends today: What happens next
As per the last press release by the Central Board of Direct Taxes (CBDT), the last date for linking PAN and Aadhaar is today i.e. 30th June.
21 Jun 2018
'Panama Papers:The Aftermath' reveals 1.2mn fresh documents, including 12,000 Indians
Two years after the scandalous Panama Papers leak, the whistleblowers, including the International Consortium of Investigative Journalists (ICIJ) and Indian Express, have come up with a staggering 1.2mn fresh documents.
05 Jun 2018
For one RTI query, this man has gotten 1,170 replies
When Madhya Pradesh based Chandrashekar Gaur filed an online RTI query to learn tax arrears in the country, he obviously didn't expect to be flooded with 1,170 replies.
01 Jun 2018
Become an I-T whistle-blower, earn up to Rs. 5cr
Sharing "specific information" with the income tax department about any undisclosed black money stashed abroad could earn you up to Rs. 5 crore.
26 May 2018
Income Tax Department launched all 7 ITR forms for e-filing
The Income Tax Department today launched and activated all the seven Income Tax Return (ITR) forms for e-filing by taxpayers, after over a month of them being notified.
19 Apr 2018
Inaccurate I-T return filings by salaried employees under government scanner
Indian government is cracking down on salaried employees who use illegal means such as under-reporting of income or inflating deductions while filing income tax returns (ITRs) to avail maximum tax benefits.
10 Apr 2018
New PAN forms to have independent gender category for transgenders
The government has amended the Income Tax rules that will now allow transgenders to be recognized as an independent category of applicants for obtaining a Permanent Account Number (PAN) for their tax-related transactions.
29 Mar 2018
IT publicly names defaulters owing over Rs. 400 crore taxes
The Income-Tax Department today released a pan-India list of 24 defaulting individuals and companies who owe about Rs. 490 crore in taxes to the exchequer but have either gone untraceable or have reported inadequate assets for payment of dues.
26 Feb 2018
CBDT asks officers to step up tax collection
The Central Board of Direct Taxes (CBDT) has set higher targets for tax collection.
16 Feb 2018
SC: Election candidates, spouses, dependents must disclose sources of income
The Supreme Court has ordered that candidates contesting elections will have to disclose their "sources of income." Not only this, they will have to do so for their spouses, children and any other dependents.
03 Feb 2018
Trouble for people depositing more than Rs. 15lakh during demonetization
Indians who bank-deposited unaccounted cash over Rs. 15 lakh during demonetization are now under government scanner.
25 Dec 2017
Now, I-T officers can access banking databases to catch defaulters
It is now impossible for the tax defaulters/evaders to escape from the clutches of the Income Tax Department, as the Centre has amended the I-T rules, empowering the tax authority.
09 Dec 2017
Direct Tax Collections rise 14%, hitting Rs. 4.8-lakh-crore till November
In yet another boost to the economy, Central Board of Direct Taxes (CBDT) latest data showed that the Direct Tax Collections for FY 2017-18 recorded a growth of 14.4% between April and November.
30 Nov 2017
How much gold can you legally possess in India?
Gold has always been one of the most preferred forms of jewelry and the safest investment option in India.
12 Nov 2017
Aadhaar linkage deadlines: Know the complete list
With each passing day, Aadhaar is becoming more and more important as the government has mandated linking of Aadhaar cards for various services, especially in the BFSI (Banking, Financial Services, and Insurance) sector.
07 Nov 2017
Despite it being compulsory, only 39.5% PANs linked with Aadhaar
Only 39.5% of all Permanent Account Numbers (PAN) have been linked with Aadhaar in the 130 days since the government made it a mandatory requirement for filing income tax returns and getting new PAN cards.
