Central Board of Direct Taxes (CBDT)
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
07 Feb 2018
Angel-tax exemption for start-ups with up to Rs. 10cr funding
Start-ups founded before 2016 may finally get an exemption from the much-talked-about Angel Tax, giving them a much-needed relief, reported ET.
06 Feb 2018
Bad news, Bitcoin investors! Your earnings are now taxable
World's largest cryptocurrency Bitcoin plunged a whopping 66% from its all-time high of $19,666 to $6,000 (Rs. 3.8L).
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.
15 Nov 2017
300% jump in PAN applications since demonetization: CBDT
Despite widespread criticism, demonetization has had some benefits, like a 300% jump in the number of applications received for Permanent Account Numbers (PAN).
12 Sep 2017
CBDT: Huge increase in assets of 98 MLAs, 7 MPs
Reviewing the list submitted by an NGO regarding the asset hikes of certain MLAs and MPs, the Central Board of Direct Taxes (CBDT) found a substantial hike in the assets of seven Lok Sabha MPs and 98 MLAs.