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CBDT Seeks Inputs on Income Tax Bill 2025

CBDT Seeks Inputs on Income Tax Bill 2025

The Central Board of Direct Taxes invites suggestions to simplify tax processes and reduce compliance burdens as the...

18 March 2025 2:11 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)

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

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

1 Oct 2017 1:21 PM

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

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...

26 Nov 2017 1:11 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)

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 3:24 PM

Income tax department expects taxpayers to file correct returns whther they file it in cash or online. (Photo: PTI).

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 Sept 2017 1:37 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...

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

14 Sept 2017 11:44 AM

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.

7 Sept 2017 9:01 AM

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.

22 Oct 2018 7:35 PM

As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

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

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

22 Oct 2018 12:44 PM

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.

9 July 2018 7:12 PM

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 â‚¹62,000 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

3 July 2020 10:02 AM

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

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

28 Jan 2021 1:43 AM