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Interestingly, the CBDT chiefs 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 July 2018 12:42 AM IST

The Union finance ministry said that there were some complaints that the taxpayers are not being able to log on to the e-filing website of I-T department or not being able to link Aadhaar with PAN.

Stop harassing taxpayers, CBDT warns I-T officers

The CBDT chief also directed that a compliance report on these cases be sent to the board every three months.

9 July 2018 6:20 AM IST

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.

IT Department expedites clearance of pending issue of refunds

More than Rs 70,000 crore of refunds have been issued to the taxpayers as a result of the special drive.

4 July 2018 2:08 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Former tax dept head K V Chowdary joins Reliance board

Chowdary was in August 2014 appointed as chairman of the CBDT, the top policy making body of the income tax department.

19 Oct 2019 11:46 AM IST

Investors who have received bonus shares from hundreds of companies over the past few years have been subject to the higher tax outgo.

Tax employee unions irked by PM Modi's switch to faceless assessment:...

The scheme is being implemented in a hurry without considering the concerns of the majority of the stakeholders, said...

15 Oct 2019 12:04 PM IST

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

Cos opting for new lower tax can't claim MAT credit, other deductions:...

The section does not provide any timeline for companies to opt for the new regime of lower tax rate.

3 Oct 2019 9:18 AM IST

The refunds previously failed due to address not found, bank account closed among other reasons.

Tax dept issues 2.10 crore tax refunds till Nov; Rs 1.46-lakh crore...

The number of verified refunds pending as on November 29 are 20.76 lakh and currently being processed.

3 Dec 2019 8:20 PM IST

The Supreme Court is scheduled to hear the National Herald case on January 8.

CBDT pulls out circular to avoid its use in Herald case

Circular spelt big relief in cases where fresh capital has been issued to a company.

7 Jan 2019 10:37 AM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

I-T dept withdraws circular on transfer of shares for 'no or...

The Congress party had welcomed the December 31 circular of the CBDT.

5 Jan 2019 5:29 PM IST

Further, the Aadhaar law introduced in Parliament as a money bill is a fraud on the Constitution.

Link your PAN with bank for refunds: I-T to taxpayers

The department said refunds will be sent to bank accounts as it will issue only e-refunds from March 1, 2019.

28 Feb 2019 11:26 AM IST

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

New CBDT boss asks I-T dept to maximise revenue collection, get more...

Tax department has been given a target in Union budget to collect Rs 11.5 lakh cr revenue under the direct taxes...

28 Feb 2019 11:17 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.

Panel to overhaul direct tax law seeks 3 months extension

The panel was initially supposed to submit its report to the government, within 6 months, by May 22, 2018.

27 Feb 2019 3:52 PM IST