Central Board Of Direct Taxes (CBDT)

Wednesday, Apr 24, 2024 | Last Update : 03:18 PM IST

Central Board of Direct Taxes (CBDT)

As per the statement, refunds amounting to Rs 2.48 lakh crore have been issued from April 1, 2023 to January 10, 2024.

Net Direct Tax Collection Surges by 19%

The government has budgeted to collect Rs 18.23 lakh crore from direct taxes, 9.75% higher than Rs 16.61 lakh crore mopped up last fiscal

12 Jan 2024 3:10 AM

Sonu Sood, associates evaded Rs 20 cr tax, violated FCRA: IT department

The department statement also talked about his charity organisation that was established during the COVID-19 outbreak last year

18 Sep 2021 1:34 PM

Dilip Cherian | Foreign assets on IRS radar as CBDT lobbies for more funds

Speculation is rife that Mr Sharma could be named the home minister or even deputy chief minister of UP

28 Jan 2021 7:13 AM

I-T refunds worth Rs 62,361 cr issued to 20.44 lakh taxpayers during Apr 8-Jun 30. (PTI Photo)

I-T department refunds ₹62,000 crore to 20 lakh taxpayers

The income tax department has issued tax refunds at a speed of 76 cases per minute from April 8 to June 30, 2020

03 Jul 2020 3:32 PM

Indian government brushes off proposal to impose coronavirus tax on super rich

Some 50 officers of Indian Revenue Service recommended raising highest tax rate to 40% for people with annual income above 10 million rupees

27 Apr 2020 8:26 AM

ncome Tax return forms being revised. (PTI Photo)

I-T revises return forms to enable taxpayers avail benefits of timeline extension

The new income tax returns forms will be notified by the month-end and return filing utility would be available by May 31

19 Apr 2020 6:53 PM

The Income-Tax department, in coordination with their foreign counterparts, is investigating offshore bank deposits and purchase of assets by “thousands of Indians”.

Crorepati count up 60 per cent in 3 years, shows tax data

Average declared income rises 19% during the period.

23 Oct 2018 1:05 AM

CBDT Chairman Sushil Chandra said these numbers were a result of the Income Tax Department putting in a number of legislative, administrative, informative and enforcement efforts over the last few years to educate the taxpayers for paying their due taxes. (Representational image)

India's crorepati count up at 81,000; expands 68 per cent in 3 years: CBDT

The policy-making body of the IT department said the total number of crorepati taxpayers has also seen a growth of about 60 per cent.

22 Oct 2018 6:14 PM

Interestingly, the CBDT chief’s move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

Monitor I-T dept closely

The department even failed to utilise the special drive launched to resolve taxpayers’ grievances.

10 Jul 2018 12:42 AM

The CBDT has asked the taxman to scrutinise cases where a taxpayer has filed a revised income tax return (ITR) post demonetisation and directed them to slap "higher tax rate" in instances where black money is detected. (Photo: AFP/Representational)

CBDT asks I-T dept to impose 'higher tax rate' on fraud revised ITRs

The idea behind the directive is that the provision of filing revised ITR is not misused and black income is not shown as white.

26 Nov 2017 6:41 PM

The Income Tax Department is matching the "tax profiles" of all property registrations of above Rs 30 lakh under the provisions of the anti-Benami Act. (Representational Image)

Benami assets: I-T department scanning profiles of property registered

The top boss of the I-T department said that till now, the taxman has attached 621 properties.

14 Nov 2017 8:54 PM

CBDT awared Larsen & Toubro a USD 100 million project to check tax evasion through social media analytics.

L&T Infotech bags USD 100 million contract to help pin down tax evaders

The project will involve creating a 'semantic web' that will track people's social media accounts.

01 Oct 2017 6:51 PM

Companies and taxpayers who have to get their accounts audited will be required to submit their income estimates and tax liability for six months of 2017 to the I-T department. (Representational Image)

Companies may have to furnish Apr-Sept income estimates to I-T dept

Also, businesses have to specify reason for any reduction in advance tax payment compared to preceding financial year.

19 Sep 2017 7:07 PM

The income tax department and the ministry of corporate affairs (MCA) have signed a pact to regularly share data, including PAN and audit reports of firms. (Representational Image)

Govt against shell companies: CBDT, MCA to share info on audit, PAN reports

The pact aims at curbing the menace of money laundering, black money and misuse of corporate structure by shell companies.

14 Sep 2017 5:14 PM

The government has tasked taxmen with bringing half the 6 crore private businesses in India in the GST net. Photo: PTI

Raise number of businesses in GST net to 3 crore, Modi tells taxmen

The target was set at the recent second edition of the two-day annual meet of tax officers, which was addressed by Modi.

07 Sep 2017 2:31 PM

The income tax department is open to lowering the withholding tax rate for foreign companies which have income in India.

CBDT open to lowering withholding tax for foreign firms

CBDT Chairman Sushil Chandra also urged firms and MNCs operating in India to pay their due share of taxes.

23 Aug 2017 2:16 PM

CBDT's decision to increase upfront payment to 20 percent of the disputed tax demand before the disposal of appeal at the level of Commissioner is harsh on taxpayers, say experts. Photo: Representational

CBDT hikes upfront payment in tax disputes, experts term move 'harsh'

Earlier, the threshold for obtaining a stay on outstanding demand was 15 percent of the disputed tax demand.

20 Aug 2017 6:00 PM

Direct tax collections jumped 19 per cent in the first four months of 2017.

Direct tax collection jumps 19 per cent in Apr-June to Rs 1.90 lakh crore

The collection, net of refunds, was 19.5 per cent of the total Budget Estimate of direct taxes for 2017-18.

09 Aug 2017 8:28 PM

Central Board of Direct Taxes (CBDT) chairman Sushil Chandra said on Friday that Rs 2,600 crore in concealed income has been disclosed so far following demonetisation. (Photo: Representational Image)

Govt creates email ID to report black money; March 31 deadline for disclosure

Revenue Secretary Hasmukh Adhia also announced the launch of a tax disclosure scheme which would open on Saturday and close on March 31.

16 Dec 2016 5:33 PM

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Sanjeev Ahluwalia