Central Board of Direct Taxes (CBDT)

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

#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
India

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
India

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
India

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
Business

#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
India

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%
Business

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
Business

#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
India

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.

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