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  Black money: Government collects Rs 3,770 crore from stash holders

  India | October 01, 2015 21:06 IST

  New Delhi: Government on Thursday said it received an amount of Rs 3,770 crore from 638 declarations under the one-time black money compliance window that closed on Wednesday."638 number of declarations have been received under

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  Blackmoney: Taxman to compulsorily file court case if illegal foreign assets detected

  September 08, 2015 17:29 IST

  New Delhi: Taking a tough stance against black money, the CBDT has directed the Income Tax department to mandatorily launch court cases against people found to be holding stash funds and tainted assets abroad and

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  An app to help you file tax returns is on its way

  August 27, 2015 10:46 IST

  New Delhi: The Central Board of Direct Taxes (CBDT) is looking for a way to come up with a mobile app that is likely to let users check their tax account .Users can use this

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  Just 17 individuals owe a huge Rs 2.14 lakh crore tax arrears

  July 31, 2015 12:18 IST

  New Delhi:  Just 17 individuals have a whopping Rs 2.14 lakh crore as outstanding tax arrears, with each of them owing more than Rs 1,000 crore.This is more than double the amount of total tax

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  Blackmoney: E-filing link to declare illegal assets launched

  July 21, 2015 14:44 IST

  New Delhi: The Income Tax department has launched a e-filing link on its official website for declaring illegal foreign assets and black money using the one-time compliance window notified recently by government."The link has been

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  Income tax department to bring 1 crore new people under tax net this fiscal

  July 19, 2015 23:23 IST

  New Delhi: The Income Tax department has launched a drive with the aim of bringing one crore new taxpayers under its net, after the government recently asked the taxman to achieve the target within the

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  Black money law: Finance Ministry wants people to address queries to CBDT

  India | July 14, 2015 18:27 IST

  New Delhi:  Finance Ministry on Tuesday dismissed some media reports on the new blackmoney law as "surmises" and asked people to address queries directly to the revenue department.Without specifying the reports, the Ministry said that

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  Blackmoney: CBDT rejigs committee to handle FATCA cases

  July 12, 2015 14:04 IST

  New Delhi: The CBDT has rejigged a special committee formed to secure confidential tax data and initiate a check on instances of black money as part of mutual exchange of information with US authorities under

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  Use online tax calculator to file ITR for AY 2015-16

  June 28, 2015 11:29 IST

  New Delhi: With the new Income Tax Return (ITR) forms being recently notified for assessment year 2015-16, filers can do an easy check of their annual tax liability on a new computer-based ‘calculator' launched by

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  Taxpayers cannot be terrorised by scrutiny: CBDT chief

  June 24, 2015 19:02 IST

  New Delhi:  Seeking to allay concerns of taxpayers, CBDT has asked them not to get terrorised by threats of their cases being wilfully chosen for "scrutiny" by the taxman as the procedure is fully electronic

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  Priority to build strong vigilance mechanism: New CVC KV Chowdary

  India | June 10, 2015 10:24 IST

  New Delhi: Former Central Board of Direct Taxes chief KV Chowdary, who will be sworn in as the new Central Vigilance Commissioner on Wednesday, has said his priority will be to build "a very strong

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  Tax body probes Ex-UPA Minister Preneet Kaur's HSBC account link with her trusts and companies

  Politics | June 09, 2015 13:12 IST

  New Delhi: The Central Board of Direct Taxes (CBDT) is probing former Union Minister Preneet Kaur and members of her family for the link between her HSBC Geneva account and trusts and companies.According to a

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  Instill fear of jail and social censure in tax evaders: CBDT

  India | June 07, 2015 11:00 IST

  New Delhi: Taxman should instill the fear of “incarceration, loss of liberty and social opprobrium” in tax evaders and prosecute them in large numbers to create a credible deterrence against the menace of black money,

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  New tax norms target black money but make filing cumbersome: Experts

  April 18, 2015 15:41 IST

  New Delhi: The government may intend to target black money with a new income tax returns form, mandating assessees to disclose their bank accounts and details of foreign visits, but it also makes filing of

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  Don't harass taxpayers, PM Modi tells CBDT

  India | March 30, 2015 17:31 IST

  New Delhi: Prime Minsiter Narendra Modi's displeasure over delay in income tax refund has send the Central Board of Direct Taxes in a tizzy. Modi flagged the issue last week during his Pragati  video conference

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  I-T dept to focus on prosecuting willful tax evaders

  India | February 13, 2015 7:49 IST

  New Delhi: The  Income Tax Department has shifted its focus from revenue augmentation to prosecution of willful tax evaders.Central Board of Direct Taxes (CBDT) on Thursday confirmed that the I-T Department has started focusing on

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  Arun Jaitley to meet IT officials to review revenue collection

  October 29, 2014 7:26 IST

  New Delhi: Finance Minister Arun Jaitley will hold a high-level review-cum-strategy meeting of top Income Tax commissioners on Thursday to bolster revenue collection work and chart a roadmap to achieve the target.All Principal Chief Commissioners

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  Black money SIT decides to solve tax treaties' secrecy puzzle

  India | June 08, 2014 12:47 IST

  New Delhi: Tasked with the job of recovering illicit wealth stashed away by Indians, the SIT on black money has decided to look into the contentious issue of secrecy clauses in India's tax treaties with

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  CBDT ask officials to ensure M&As do not defraud revenue

  April 13, 2014 18:55 IST

  New Delhi: Worried over corporates defrauding revenue by mergers and acquisitions, the Finance Ministry has asked its officials to ensure that such deals do not result in loss to the exchequer.The revenue officials, CBDT said

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  Over Rs 50,000 cr revenue still to come;CBDT cancels all leave

  March 23, 2014 23:40 IST

  New Delhi:  The Central Board of Direct Taxes (CBDT) has cancelled leave of all officials on tax collection duty and ordered 24X7 functioning of its offices till March 31 in order to collect the remaining