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Income Tax officials conducted a raid at Tamil Nadu Chief Secretary Rammohan Raos residence in Chennais Anna Nagar on Wednesday. (Photo: PTI)

Tax dept, Japanese company sign advance pricing pact

The APA scheme was introduced in the Income-tax Act in 2012 and the 'Rollback' provisions were introduced in 2014.

13 Jan 2017 8:52 PM IST

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

How different I-T returns filing would be this year

Authorities have introduced ITR-1 or Sahaj form for individual tax payers who earn not more than Rs 50 lakh.

18 July 2017 12:57 PM IST

CBDT chief Sushil Chandra. Photo: PTI

Shell companies under our radar: CBDT chief

There are many companies which are currently being examined by the CBDT through a committee.

4 March 2017 5:27 PM IST

Under the PMGKY after payment of tax, 25 per cent of the unaccounted money will have to be mandatorily parked with the government for 4 years as non-interest bearing deposit.

CBDT signs 9 advance pricing pacts with taxpayers in July

Progress of the APA scheme strengthens the Govt's commitment to foster a non-adversarial tax regime.

31 July 2017 8:28 PM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Govt extends deadline for filing ITR, linking Aadhaar to PAN

While ITRs can now be filed by August 5, the Aadhaar-PAN linking can be done till August 31.

31 July 2017 6:31 PM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

ITR will not be processed if you fail to link Aadhaar with PAN

CBDT has allowed filing of I-T returns till Aug 5; taxpayer will have to link Aadhaar with PAN by Aug 31.

31 July 2017 5:52 PM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

July 31 remains deadline for filing I-T returns, clarifies CBDT

The direct taxes body has also said that it has not received any proposal to extend last date.

29 July 2017 10:35 AM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

CBDT signs 2 more unilateral APAs with taxpayers

So far this fiscal, four APAs have been signed and the CBDT expects more APAs to be signed in the near future.

22 May 2017 8:28 PM IST

The CBDT said it has noticed that taxpayers and professionals have not been able to keep up with the pace of change and hence wide gap has emerged between the initiatives undertaken by the department and the acceptance by the stakeholders.

CBDT extends deadline for tax settlement scheme

The scheme provides for waiving interest and penalties if the principal amount involved in retrospective tax cases is...

30 Dec 2016 1:21 PM IST

The CBDT said it has noticed that taxpayers and professionals have not been able to keep up with the pace of change and hence wide gap has emerged between the initiatives undertaken by the department and the acceptance by the stakeholders.

Tax dept signs three APAs with taxpayers

The three APAs signed today pertain to engineering goods and shipping sectors of the economy.

5 Jan 2017 9:31 AM IST

CBDT Chairman Sushil Chandra

Tax officers to file prosecution cases against Shell

CBDT Chairman Sushil Chandra has called for fast track prosecution proceedings in cases.

12 March 2017 6:27 PM IST

Income Tax officials conducted a raid at Tamil Nadu Chief Secretary Rammohan Raos residence in Chennais Anna Nagar on Wednesday. (Photo: PTI)

I-T dept to scrutinise tax relief claims by sick cos

Tax relief for sick companies approved by Board for Industrial and Financial Reconstruction.

15 Feb 2017 3:27 PM IST