Central Board of Direct Taxes (CBDT)

Timelines
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.

#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.

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.

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.

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.

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.

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.

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.

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.

Angel-tax exemption for start-ups with up to Rs. 10cr funding

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.

Bad news, Bitcoin investors! Your earnings are now taxable

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).

Now, I-T officers can access banking databases to catch defaulters

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.

Direct Tax Collections rise 14%, hitting Rs. 4.8-lakh-crore till November

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.

How much gold can you legally possess in India?

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.

300% jump in PAN applications since demonetization: CBDT

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).

CBDT: Huge increase in assets of 98 MLAs, 7 MPs

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.