Central Board of Direct Taxes (CBDT): News
04 Nov 2018
Himachal Pradesh75 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
IndiaCBDT: 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
India#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
Aam Aadmi Party (AAP)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.
03 Sep 2018
Maneka GandhiNow, 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.
17 Aug 2018
IndiaIncome 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.
01 Jul 2018
Supreme Court Of IndiaFifth 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
Aadhaar CardPAN-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.
24 Jun 2018
Election Commission of India (ECI)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.
05 Jun 2018
IndiaFor 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
IndiaBecome 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 of IndiaIncome 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
BengaluruInaccurate 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
IndiaNew 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
DelhiIT 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
IndiaCBDT asks officers to step up tax collection
The Central Board of Direct Taxes (CBDT) has set higher targets for tax collection.
16 Feb 2018
IndiaSC: 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.
07 Feb 2018
IndiaAngel-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
IndiaBad 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).
03 Feb 2018
IndiaTrouble 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
India PostNow, 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
IndiaDirect 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
IndiaHow 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
India300% 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 Nov 2017
IndiaAadhaar 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
IndiaDespite 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.
12 Sep 2017
IndiaCBDT: 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.
02 Sep 2017
IndiaModi asks tax officials to be friendly towards honest taxpayers
In India, tax officials are usually feared. Maybe it has something to do with the public perception of them.
08 Aug 2017
Income Tax Department of IndiaFinance Ministry celebrates demonetization's success as I-T filings rise
The Finance Ministry announced that, as of 5th August, there had been a 25% increase in e-filing of income tax returns for the current assessment year along with other increases in tax collection.
14 Jul 2017
India5.56 lakh people to be probed for cash-deposits during demonetization
In the second phase of Operation Clean Money, the Income Tax Department found that cash transactions of 5.56 lakh more taxpayers in the demonetization window didn't match with their income profiles.
11 Jul 2017
PAN CardAaykar Setu: Pay taxes, apply for PAN using FinMin's app
FinMin Arun Jaitley launched 'Aaykar Setu', an app to bridge the gap between a taxpayer and the Income Tax department.
16 May 2017
Arun JaitleyArun Jaitley launches online clean money portal
In the latest development in the Centre's Operation Clean Money, Finance Minister Arun Jaitley announced a new online portal to investigate tax evaders.
03 Feb 2017
BusinessRetrospective tax relief on FPI indirect tranfers
With retrospective effect from financial year 2011-12, two categories of foreign portfolio investors (FPIs) are exempted from tax on indirect transfers.
15 Dec 2016
IndiaCBDT warns against revised I-T returns
India's CBDT tax authorities have issued a warning against those altering their income tax return forms drastically after 8 November.
30 Nov 2016
NetflixNew tax-levy on content providers
The central government is in the process of introducing a new 'e-service tax' that will impact content providers such as Netflix, Amazon, Apple and several more.
12 Nov 2016
IndiaI-T to scrutinize high-value farm income
With Modi's new demonetization move, reports stated that high amounts of farm income that are deposited with banks as farm income will be scrutinized by the tax department.
01 Sep 2016
TelanganaI-T Department's 'name and shame' policy
As a part of its 'name and shame' policy, the Income Tax Department may soon publish names of taxpayers who have a 'chronic' default of Rs.1 crore and above.
