Central Board of Direct Taxes

Timelines
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.

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.

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.

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.

'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.

IT publicly names defaulters owing over Rs. 400 crore taxes

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.

CBDT asks officers to step up tax collection

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.

SC: Election candidates, spouses, dependents must disclose sources of income

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.

Trouble for people depositing more than Rs. 15lakh during demonetization

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.

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.

Aadhaar linkage deadlines: Know the complete list

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.

Despite it being compulsory, only 39.5% PANs linked with Aadhaar

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.