Home » cbdt

You Searched For "CBDT"

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

Panel to overhaul, simplify Direct Tax laws to submit report by Feb 28

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

27 Nov 2018 10:56 AM IST

PAN card is impotant document issued by I-T department.

PAN: Father's name not mandatory

Father's name in PAN application forms will not be mandatory in cases where mother of the applicant is a single parent.

21 Nov 2018 10:14 AM IST

The e-filing facility for ITR-1, which is to be enabled from April 1, will have an online tax calculator and ITRs can be filed till the stipulated deadline of July 31.

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 IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

I-T e-assessment: CBDT notifies new communication scheme

A machine-readable device kept at the CCC will receive the responses from the taxpayers.

27 Feb 2018 11:04 AM IST

CBDT Chief Sushil Chandra. (Photo: PTI)

Don't misuse I-T laws, tax rates already low: CBDT to industry

In 2018-19 Budget, Jaitley proposed to lower corporate tax rate to 25 pc for businesses with turnover of up to Rs 250...

5 Feb 2018 4:09 PM IST

CBDT said it has already issued close to 25 crore PANs till date. (Representational Image)

CBDT responds to queries regarding long-term capital gains taxation

Long-term capital gains arising from transfer of such long-term capital asset exceeding one lakh rupees will be taxed.

5 Feb 2018 10:50 AM IST

Bitcoin has more than tripled in price since the start of October, putting it on track for its best quarter since the end of 2013, when it surged above $1,000 for the first time.

I-T will tax bitcoin trade, has issued few lakh notices: CBDT

The government in December cautioned investors to be wary of virtual currencies like bitcoin.

2 Feb 2018 4:07 PM IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

Deal with taxpayers courteously: I-T Department to taxman

The city-based Directorate of Taxpayer Services (TPS) issued the directions on April 16.

18 April 2018 1:47 PM IST

Scheme will provide an assured pension based on a guaranteed rate of return of 8 per cent per annum for ten years.

Standard deduction allowed for pension

The standard deduction was discontinued from the assessment year 2006-07, but was re-introduced in 2018-19 Budget.

6 April 2018 5:00 AM IST

The Delhi Court on Wednesday sought the Centres and tax authority CBDTs response on a plea opposing the requirement of quoting Aadhaar number or linking it with PAN in e-filing tax returns.

Plea in Delhi HC against Aadhaar requirement for e-filing returns

The Delhi Court on Wednesday sought the Centre's and tax authority CBDT's response.

4 April 2018 7:13 PM IST

The government will meet the 3.5% fiscal deficit target for FY18 as broadly direct and indirect collections are in line with expectations and there have been some savings on expenditure, Hasmukh Adhia said.

Direct tax rises 17per cent in FY18; Rs 10Lakh-crore collected

There has been a sustained increase in the number of ITRs filed in the last four financial years,â€ said CBDT.

3 April 2018 1:52 AM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

Direct tax collection exceeds target in FY18

Direct tax collections in 2017-18 at Rs 9.95 lakh crore, exceeded the revised budgetary target of Rs 9.8 lakh crore.

2 April 2018 5:49 PM IST