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  Aadhaar-PAN linking deadline extended till March 31, 2020

  Business | December 30, 2019 20:54 IST

  The Central Board of Direct Taxes (CBDT) has extended the Aadhaar-PAN linking deadline till March 31, 2020.

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  PAN-Aadhaar linking deadline: PAN card may become 'inoperative' from Jan 2020. Check details

  Business | December 30, 2019 13:43 IST

  PAN-Aadhaar linking deadline: Your PAN card will be treated as 'inoperative' if you fail to link it with your Aadhaar card by 31 December 2019. The income tax department extended the Aadhaar-PAN linking deadline seven times. The Central Board of Direct Taxes (CBDT) in September extended the deadline from September 30 to December 31, 2019.

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  Reports of GST on salaries false, Finance Ministry clarifies

  Business | November 15, 2019 17:37 IST

  There are no plans to impose Goods and Services Tax (GST) on salaries paid to CEOs or employees, the Central Board of Indirect Taxes & Customs (CBIC) clarified on Friday. The CBIC clarification comes after reports in certain sections of media that the government was mulling to bring salaries paid to CEOs and high-paid employees will be brought under GST. The CBIC has categorically denied such reports as "false."

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  CBDT extends deadline for filing IT-returns till Nov 30 in J&K, Ladakh

  Business | October 31, 2019 20:48 IST

  The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax returns till November 30 in the Union Territories of Jammu and Kashmir, and Ladakh.

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  Number of crorepati taxpayers shoot up 20% to 97,689: CBDT data

  Business | October 11, 2019 20:59 IST

  The number of crorepati taxpayers shot up 20 per cent to 97,689 during assessment year (AY) 2018-19, as per tax returns data released by the revenue department.

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  CBDT says Taxpayer with no PAN, won't be able to avail THIS facility

  Business | September 27, 2019 17:33 IST

  PAN-Aadhaar link deadline: If you are a taxpayer but don't have a valid PAN number then this news is very important for you. As CBDT had fixed September 30, 2019, as the deadline to link PAN card with Aadhaar card, those unlinked PAN number will be 'inoperative' after the deadline.

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  Date for filing ITRs, Tax Audit Reports extended till Oct 31

  Business | September 26, 2019 23:55 IST

  The Central Board of Direct Taxes (CBDT) has extended the due date for filing of ITRs & Tax Audit Reports to October 31.

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  Need to simplify tax system, lower corporate tax: CBDT Member

  Business | September 19, 2019 21:39 IST

  Giving a brief idea for the first time about the new Direct Tax Code (DTC), the Central Board of Direct Taxes (CBDT) member and also Convenor of the Task Force Akhilesh Ranjan on Thursday said the draft law focuses on improving litigation system and easing compliance among others.

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  CBDT launches one-time facility for compounding of income tax offences

  Business | September 11, 2019 22:57 IST

  A one-time facility to apply for compounding of income tax offences has been launched and taxpayers can avail this opportunity by December 31, a latest CBDT directive said.  

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  New CBDT Circular: Tax offences, failure to pay TDS up to Rs 25 lakh not be prosecuted

  Business | September 11, 2019 22:49 IST

  Instances of wilful attempt to evade tax, failure to furnish return of income and not remitting TDS in the government exchequer up to the limit of Rs 25 lakh will not be ordinarily filed for criminal prosecution before a court by the taxman, a latest CBDT circular said.  

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  PAN will be generated automatically if a taxpayer uses Aadhaar for filing returns: CBDT

  Business | September 02, 2019 14:59 IST

  According to a notification issued by the CBDT on August 30, a person who furnishes Aadhaar, as they do not have PAN, "shall be deemed" to have applied for allotment of PAN and they will not be required to apply or submit any more documents.

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  Missed filing ITR? Here's what you MUST do

  Business | September 02, 2019 13:47 IST

  ITR Filing Deadline: August 31 was the last date to file income tax return. On the deadline day, the Income Tax department witnessed a record number of ITR (Income Tax Returns) filed. In a single day, a record number of more than 49 lakh ITRs filed. A record number of 49,29,121 ITRs were filed on August 31.

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  Overlooked for chairman post, CBDT member Akhilesh Ranjan seeks retirement

  India | August 30, 2019 19:49 IST

    The government on Thursday gave a one-year extension to CBDT Chairman P C Mody, who was set to retire on August 31. Ranjan, Member Legislation in the CBDT, was next in the succession line for the CBDT chief and is stipulated to retire in April next year. 

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  Government extends CBDT Chairman Mody's tenure by 1 year

  India | August 29, 2019 16:17 IST

  A 1982-batch Indian Revenue Service (Income Tax cadre) officer, Mody took over as the Central Board of Direct Taxes (CBDT) chief in February.  

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  CBDT chief PC Mody gets 1-year extension

  India | August 29, 2019 14:15 IST

  The move is aimed at ensuring continuity at the top post so that policy measures initiated are not affected. An official order on Thursday said that the Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Mody as the CBDT chief for a period of one year from September 1, 2019.

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  FPI surcharge rollback has not created differential regime between FPIs, domestic investors: CBDT

  Business | August 28, 2019 14:08 IST

  This differential regime existed even prior to the 2019 Budget, the Central Board of Direct Taxes (CBDT) said, adding that it was, therefore, not the creation of the Finance (No 2) Act, 2019, or the announcement made by the Finance Ministry last week.

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  Notices to Income Tax assessees will now carry identification number

  Business | August 14, 2019 20:47 IST

  Further, CBDT has also laid down the timelines and procedure by which such communication issued manually will have to be regularised and intimated to the Principal Director General of Income-tax (Systems).

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  Government working on administrative mechanism to resolve startups' legacy tax issues: CBDT chief

  India | July 09, 2019 18:07 IST

  Startups should not have any concern related to taxation and the government is putting in place an administrative mechanism to resolve the legacy issues, CBDT chief P C Mody said on Tuesday.

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  Government working to create trust between taxpayer, I-T deptt, but due taxes must be paid: CBDT

  India | July 08, 2019 17:54 IST

  The Income Tax Department has issued Rs 64,700 crore worth refunds in the current fiscal, and for full 2018-19 fiscal the amount released was over Rs 1.61 lakh crore.  

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  Concerns related to 'angel tax' sorted out, CBDT chief asks start-ups not worry about taxman

  Budget | July 06, 2019 20:09 IST

  Central Board of Direct Taxes (CBDT) Chairman P C Mody told news agency PTI in an interview that all "legacy issues" related to start-ups will be resolved through a consultative process and under strict supervision of senior officers of the tax authority.