Articles about Central Board of Direct Taxes (CBDT)

CBDT extends deadline for Income Tax Returns till December 31

09 Sep 2021

CBDT extends deadline for Income Tax Returns till December 31

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for the assessment year 2021-22 till December 31.

IT department surveys Bengaluru company; detects Rs. 880cr hidden income

14 Jul 2021

IT department surveys Bengaluru company; detects Rs. 880cr hidden income

The Income Tax Department has detected "concealment" of Rs. 880 crore income after it surveyed the Bengaluru premises of a leading manpower service providing company, the Central Board of Direct Taxes (CBDT) said on Tuesday.

TN: IT department seizes over Rs. 16 crore dubious cash

19 Mar 2021

TN: IT department seizes over Rs. 16 crore dubious cash

The Income Tax Department has seized "unaccounted" cash of over Rs. 16 crore and detected black income of about Rs. 80 crore after it raided multiple entities in poll-bound Tamil Nadu, the Central Board of Direct Taxes (CBDT) said on Friday.

FY2019-20 ITR deadline revised: Late filing fees, penalties, and more

24 Oct 2020

FY2019-20 ITR deadline revised: Late filing fees, penalties, and more

The last date for filing income tax returns (ITRs) for assessment year (AY) 2020-21, which is the financial year (FY) 2019-20, has been extended by the government to December 31 for individual taxpayers.

Income tax return filing deadline extended till December 31

24 Oct 2020

Income tax return filing deadline extended till December 31

The Finance Ministry on Saturday announced that the deadline for filing income tax returns (ITRs) for the financial year (FY) 2019-20 for individual taxpayers has been extended by a month till December 31.

PM Modi launches Transparent Taxation platform for honest taxpayers

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.

#CareerBytes: How to become an Income Tax Inspector in India?

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.

India's super-rich may face wealth tax to aid coronavirus-hit economy

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.

#CareerBytes: How to become an Income Tax Inspector in India?

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.

Mukesh, Nita and Ambani kids get Income Tax notices: Report

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.

Do NRIs need to link their PAN with Aadhaar?

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.

Automatic PAN generation for taxpayers using Aadhaar to file ITR

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.

You may be fined Rs. 10,000 for entering wrong Aadhaar

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).

After MP raids, I-T detects "well-organized" racket involving Rs. 281cr

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.

#FinancialBytes: New income-tax return forms released; Here's everything to know

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.

Deadline to link Aadhaar with PAN extended by six months

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.

CBDT's task force to review direct-tax laws gets 3-month extension

01 Mar 2019

CBDT's task force to review direct-tax laws gets 3-month extension

A task force set up under the CBDT to draft a new direct tax law and replace the existing Income Tax Act has been given a three-month extension till May, an official order said.

Hard disks, undisclosed expenditure found in terror funding raids

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.

CBDT chairman Sushil Chandra appointed as new chief election commissioner

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.

Petition filed in SC seeking quashing of Center's 'snooping order'

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.

Centre goes in defensive mode after 'snooping order', clarifies notification

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'.

Now, government can monitor data in any personal computer

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.

#PANCardRules: New PAN rules come into effect today; Details here

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.

New PAN card rules will come into effect from December

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.

75 lakh new tax-filers added to IT net this fiscal

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.

SK Mishra appointed new ED chief; Karnal Singh retires

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.

CBDT: From 2014-2018, number of Indian crorepatis rose by 60%

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.

#NewPolicy: Honest, consistent taxpayers might get preferential treatment

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.

EC threatens action against AAP for discrepancies in electoral-funding reports

12 Sep 2018

EC threatens action against AAP for discrepancies in electoral-funding reports

Flagging discrepancies in AAP's electoral funding statement, the Election Commission Tuesday threatened the party with action for "prima facie failing" to follow its transparency guidelines.

Now, mentioning father's name not mandatory in PAN application

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.

Income Tax collection at record Rs. 10.03 lakh crore: CBDT

17 Aug 2018

Income Tax collection at record Rs. 10.03 lakh crore: CBDT

Income Tax collection in the country stood at a record Rs. 10.03 lakh crore during 2017-18.

Fifth extension: Deadline to link Aadhaar-PAN pushed till March'19

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.

PAN-Aadhaar linking deadline ends today: What happens next

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.

CBDT: Scrutiny of lawmakers' assets can't be made public

24 Jun 2018

CBDT: Scrutiny of lawmakers' assets can't be made public

The Central Board of Direct Taxes (CBDT) has reportedly told the Election Commission that the scrutiny of assets declared by MPs and MLAs in their poll affidavits cannot be disclosed to the public.

'Panama Papers:The Aftermath' reveals 1.2mn fresh documents, including 12,000 Indians

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.

For one RTI query, this man has gotten 1,170 replies

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.

Become an I-T whistle-blower, earn up to Rs. 5cr

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.

Income Tax Department launched all 7 ITR forms for e-filing

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.

Inaccurate I-T return filings by salaried employees under government scanner

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.

New PAN forms to have independent gender category for transgenders

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.