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  Bogus long-term capital gains by shell companies at Rs 80,000 cr: CBDT

  February 04, 2017 23:52 IST

  Putting 'bogus' long-term capital gains by 'khoka' companies at Rs 80,000 crore, the tax department today said the levy of long-term capital gains tax on share transfer in unlisted companies is an anti-abuse measure and

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  Bogus long-term capital gains by shell companies at Rs 80,000 cr: CBDT

  February 04, 2017 16:38 IST

  Putting 'bogus' long-term capital gains by 'khoka' companies at Rs 80,000 crore, the tax department today said the levy of long-term capital gains tax on share transfer in unlisted companies is an anti-abuse measure and

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  GAAR provisions to be effective from April 1, reaffirms CBDT

  January 27, 2017 18:24 IST

  Announcing that GAAR will be implemented from April 1, the tax department today said it will not interplay with the investors’ right to choose a method of transaction and won't apply if routing of funds

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  CBDT extends deadline for retro tax settlement scheme till January 31

  December 30, 2016 16:07 IST

  The Central Board of Direct Taxes (CBDT) has extended the deadline for the tax settlement scheme to settle retrospective tax disputes till January 31. The Direct Tax Dispute Resolution Scheme, announced by Finance Minister Arun

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  CBDT clarifications a cause of concern for foreign investors: PricewaterhouseCoopers

  December 27, 2016 16:07 IST

  To calm the apprehensions in the capital market following Prime Minister Narendra Modi's comments on "fair contribution to nation-building through taxes" last week, the Finance Ministry said there is no move to impose long-term capital

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  Don’t discuss official matters on social media websites: CBDT tells IT dept

  December 24, 2016 17:06 IST

  To avoid information leakage, the Central Board of Direct Taxes (CBDT) has asked the officials of Income Tax department to not drag official decisions to social media platforms like Twitter, Facebook and others. The policy-making

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  Report cash receipts of over Rs 2 lakh in single transaction: CBDT notifies new rules for traders

  December 23, 2016 18:46 IST

  The Central Board of Direct Taxes (CBDT) today notified that traders receiving cash worth more than Rs 2 lakh in any single transaction for the sale of goods and services will have to send reports

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  CBDT identifies 67.54 lakh non-filers who carried out high-value transactions in FY15

  December 22, 2016 18:36 IST

  The Central Board of Direct Taxes has identified an additional 67.54 lakh potential non-filers who carried out high value transactions in 2014-15 but did not file return of income.

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  EC all set to delist 200 political parties that exist only on paper

  Politics | December 21, 2016 9:16 IST

  According to a report in Indian Express, the poll panel is now all set to delist such parties and it will soon write to the Central Board of Direct Taxes (CBDT) informing it about its decision.

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  CBDT warns of penal action if I-T returns are 'drastically' changed

  December 14, 2016 16:14 IST

  The Central Board of Direct Taxes (CBDT) today cautioned tax payers against misusing the provisions of revised tax returns for past years to pass off their undisclosed income. The CBDT pointed out after the government’s

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  I-T department’s 'Project Insight' to track social media to nab high spenders: Report

  November 17, 2016 23:11 IST

  The I-T department is planning to include information available on social media under its Project Insight from 2017-18 onwards and spenders flaunting high-value gadgets on social networking platforms will come under government scanner.

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  As figures show shortfall, CBDT chief asks taxmen to ensure revenue collection targets are met

  October 31, 2016 16:21 IST

  CBDT has asked tax officials to pull up their socks to ensure targeted revenue collection targets are met as the figures till September show an estimated shortfall of over Rs 14,000 crore.

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  Black money crackdown: CBDT asks tax offices to stay open for extra hours

  September 28, 2016 22:15 IST

  In order to extend the working hours on the last day of Income Declaration Scheme to receive declarations under the one-time domestic black money window, the Central Board of Direct Taxes (CBDT) on Wednesday asked

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  Black money compliance scheme: CBDT to acknowledge declarants by August 30

  August 14, 2016 13:25 IST

  Black money holders who have disclosed their ill-gotten assets during July under the ongoing black money compliance scheme will receive acknowledgement by the tax department by August 30. After government’s extension to extended the

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  TCS to be levied above Rs 2 lakh only if payment in cash: Taxman

  June 27, 2016 16:08 IST

  New Delhi: Central Board of Direct Taxes (CBDT) has issued a new circular clarifying that the Tax Collected at Source (TCS) levy will not be applicable when cash part of the payment for certain goods

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  Publicise blackmoney scheme at clubs, malls: CBDT to IT

  June 23, 2016 14:25 IST

  New Delhi: Central Board of Direct Taxes (CBDT) has directed the Income Tax department to step up publicity of the ongoing one-time blackmoney compliance window by advertising it at posh markets, clubs and showrooms and

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  Relief in sight for MNCs as govt moves to expedite resolution to tax disputes

  April 19, 2016 18:04 IST

  Aimed at reducing the number of tax disputes India is involved in with top multi-national companies, the government is now looking to expedite the resolution process and do so aggressively.

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  Tax appeal before Commissioners must be e-filed: CBDT

  December 30, 2015 18:19 IST

  New Delhi: Aiming to reduce the compliance burden, revenue department today said appeals before Income Tax Commissioner should be filed in electronic format by those assessees who e-file their returns.Electronic filing of appeals along with

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  CBDT notifies emails as new communication mode

  December 07, 2015 15:58 IST

  New Delhi: The Central Board of Direct Taxes (CBDT) has notified use of emails as the new mode of communication between the taxman and taxpayers, as part of the government's e-initiative to reduce human interface

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  I-T department to roll out 'pilot' project for scrutiny assessment

  October 25, 2015 12:43 IST

  New Delhi: The Income Tax department will roll out next week its 'pilot' project to conduct scrutiny assessment in an e-environment when they begin sending queries through email to 500 "select" taxpayers without calling them