CBDT | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 05:00 PM IST

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Gross collections (before adjusting for refunds) have increased by 13.5 per cent to Rs 8.11 lakh crore during April, 2017 to January 15, 2018.

Direct tax mop-up jumps 19 pc to Rs 6.89 lakh cr this fiscal

Collections till January 15, 2018 represent over 70 pc of Rs 9.8 lakh crore revenue target from direct taxes.

17 Jan 2018 5:32 PM

Till now, tax authorities could only issue notice to a defaulting or erring taxpayer as per the address provided by them in their PAN (Permanent Account Number), the ITR (income-tax return) or any tax-related communication.

Taxmen can use bank info to trace defaulters

The tweaking in the rules has been carried out by the CBDT, the policy-making body for the Income-tax department.

25 Dec 2017 2:40 AM

CBDT Chairman Sushil Chandra and Ambassador of Switzerland to India Dr Andreas Baum signs the mutual agreement at North Block, New Delhi, on Thursday. (Photo: Twitter/Income Tax India)

Black money: India inks deal with Switzerland for tax data sharing from Jan 1

The agreement was signed by CBDT chairman Sushil Chandra and Swiss Ambassador to India Andreas Baum at the North Block in Delhi.

22 Dec 2017 9:53 AM

There are about 33 crore PAN cards, while Aadhaar has been issued to about 115 crore people. (Photo: PTI)

14 crore PAN-Aadhaar linkages done till now

About 41 per cent of PANs are now linked with Aadhaar numbers.

12 Dec 2017 6:06 PM

Net direct tax collections represent 49 per cent of total Budget Estimates of direct taxes for 2017-18 (Rs 9.8 lakh crore).

Direct tax collections rise 14 pc to Rs 4.8 lakh cr in Apr-Nov

Gross collections have increased by 10.7 per cent to Rs 5.82 lakh crore during April-November, 2017.

09 Dec 2017 5:13 PM

The I-T Department has slapped notices on 1.16 lakh individuals and firms who made cash deposits of more than Rs 25 lakh in bank accounts post note ban but failed to file returns by the due date. (Photo: PTI/Representational)

I-T notices to 1.16 lakh for cash deposits of Rs 25 lakh post note ban

I-T officials said number of people prosecuted for violating I-T laws has more than doubled to 609 in April- September this year.

28 Nov 2017 1:48 PM

Currently income up to Rs 2.5 lakh per annum is exempt from tax for individuals.

Govt sets up panel to review income tax laws

In 2016 Finance Minister Arun Jaitley also promised to lower corporate tax rate to 25 per cent in 5 years.

22 Nov 2017 7:55 PM

In 2017-18, a total of 32 APAs (2 bilateral and 30 unilateral) have been signed till date.

CBDT signs 7 more unilateral APAs with taxpayers

CBDT has entered into seven more Advance Pricing Agreements (APAs) during October 2017.

02 Nov 2017 3:17 PM

A body of lawyers, CAs and tax practitioners, welcomed the decision of CBDT to extend the last date of e-filing of IT returns till October 31.

Tax professionals seek more time for e-filing of returns

CBDT has revised e-filing income tax return (ITR) preparation utilities for filing all types of ITR forms.

28 Oct 2017 12:23 PM

Direct tax collections have seen a 15.8 per cent rise in september, 2017. (Photo: File)

Direct tax collections rise 15.8 per cent to Rs 3.86 lakh crore in September

CBDT reveals growth in personal income tax, PIT, advance tax is 30.1 per cent.

11 Oct 2017 4:18 PM

Direct Tax collections had jumped 19 per cent in April-July period.

Direct tax collections rise to Rs 3.7 lakh crore till Sept 18

Number of tax payers increased from 4.72 crore in FY 2012-13 to 6.26 crore during 2016-17 fiscal.

30 Sep 2017 12:06 PM

A new I-T return filer is defined as a person who has not filed return in the previous years but is liable to do so under the law.

I-T dept fastens belt to add 1.25 cr new tax filers this year

The total number of all returns (electronic + paper) filed during the financial year 2016-17 was 5.43 crore.

28 Sep 2017 12:40 PM

NSE had also asked members to provide four additional financial details as prescribed under enhanced supervision guidelines.

NSE extends deadline for filing annual returns to Oct 31

As per norms delay in submission of annual returns attract a penalty of Rs 100 per day.

12 Sep 2017 3:24 PM

Online filing of income tax returns has also gone up. (Photo: Representational/PTI)

Direct Tax collections till Aug at Rs 2.24 lakh crore

This collection is 22.9 percent of total Budget Estimates of Direct Taxes for Financial Year 2017-18.

12 Sep 2017 10:56 AM

Ram Vilas Paswan (Photo: Biplab Banerjee)

Eateries to pay tax on service charge imposed

Decision after discrepancies in account books of hotels, restaurants.

09 Sep 2017 6:11 AM

The pilot project is being run in seven cities of Mumbai, Delhi, Chennai, Bengaluru, Ahmedabad, Kolkata and Hyderabad.

78 per cent rise in paperless I-T assessment; all-India roll out by year end

During the financial year 2015-16, a total of 1,014 cases were completed under the pilot project (e-assessment).

08 Sep 2017 5:17 PM

The additional ITRs received in 2017 works out to be 56 lakh.

No inconsistency in number of tax payers: CBDT

Number of individuals filing income tax returns has jumped to 2.79 crore this year from 2.23 crore last year.

18 Aug 2017 8:06 PM

E-filing of ITR is mandatory for all individuals, except those earning less than Rs 5 lakh per annum and those who are above 80 years of age. (Photo: PTI)

Over 9.3 crore PANs linked with Aadhaar; last date Aug 31: CBDT

Jaitley recently said that govt has not fixed any time frame to complete the linking of Aadhaar with PAN.

14 Aug 2017 2:50 PM

Direct tax collections in April-July at Rs 1.90 lakh crore

This direct tax collection is 19.5 per cent of total budget estimates of direct taxes for FY18.

09 Aug 2017 6:12 PM

ITRs filed showed that substantial number of new tax payers have been brought into the tax net subsequent to demonetisation.

Demonetisation effect: ITR filings for 2016-17 grow by 25 per cent

The effect of demonetisation is also clearly visible in the growth in direct tax collections, the tax department said.

07 Aug 2017 6:48 PM

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