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  • Welcome US shift in stand on digital tax Mar 04, 2021 08:48 AM IST

    Welcome US shift in stand on digital tax

    India, which has been criticised for its unilateral levy, should benefit in the long run from a global consensus on taxing big tech firms

  • CBDT chairman Pramod Chandra Mody's term extended till May 31 Feb 28, 2021 07:51 PM IST

    CBDT chairman Pramod Chandra Mody's term extended till May 31

    Mody's tenure was last extended in August 2020. This is the third extension to his tenure as CBDT chairman.

  • Faceless assessment bucket has 2 lakh cases; 35,000 completed: CBDT chief Feb 05, 2021 05:15 PM IST

    Faceless assessment bucket has 2 lakh cases; 35,000 completed: CBDT chief

    Calling the faceless assessment scheme of cases brought under scrutiny a step towards ensuring "better" taxpayer services, the top-ranking officer said the necessity to make additions in the income or imposing additional tax on an entity was only made in about 1,000 cases brought under this umbrella.

  • Centre has challenged Vodafone’s award in Singapore Court, confirms CBDT chairman Feb 03, 2021 11:58 AM IST

    Centre has challenged Vodafone’s award in Singapore Court, confirms CBDT chairman

    The government is also examining the Cairn order related to retrospective amendment of tax laws, CBDT Chairman PC Mody said.

  • I-T raids on Kolkata group leads to over Rs 300-crore black money Feb 01, 2021 08:07 PM IST

    I-T raids on Kolkata group leads to over Rs 300-crore black money

    CBDT said the action 'resulted in unearthing of incriminating evidence revealing various shell or paper entities being used for raising bogus share capital and un-secured loans'.

  • I-T department detects Rs 450-crore black money after raids in Kolkata Jan 15, 2021 09:25 PM IST

    I-T department detects Rs 450-crore black money after raids in Kolkata

    'The search and seizure operation has resulted in unearthing of incriminating documents of undisclosed cash sales and claim of bogus expenses,' it said.

  • CBDT will now let you register complaints of tax evasion, black money and benami properties online Jan 12, 2021 09:27 PM IST

    CBDT will now let you register complaints of tax evasion, black money and benami properties online

    This portal will be available on the website of the Department to receive any possible complaints of tax evasion, foreign undisclosed assets and complaints regarding benami properties.

  • Tax refunds worth Rs 1.48 lakh crore issued so far this fiscal: Income Tax Department Dec 16, 2020 06:56 PM IST

    Tax refunds worth Rs 1.48 lakh crore issued so far this fiscal: Income Tax Department

    Of the 1.48 lakh crores, personal income tax refunds worth Rs 45,264 crore and corporate tax refunds of Rs 1.03 lakh crore have been issued.

  • CBDT creates specified units to speed up probe into Panama, Paradise papers Dec 14, 2020 08:12 PM IST

    CBDT creates specified units to speed up probe into Panama, Paradise papers

    The pace of investigation had slowed as the CBDT "does not have much information about foreign entities and is dependent on foreign agencies for details".

  • Tax exempt: UAE sovereign fund first to get 100% I-T exemption on India investments Nov 03, 2020 03:15 PM IST

    Tax exempt: UAE sovereign fund first to get 100% I-T exemption on India investments

    Notification process for Abu Dhabi SWF was completed “in record time” to expedite foreign investment in India's priority areas during the pandemic, a source said

  • ITR filing date for AY20-21: CBDT extends deadline to December 31 Oct 24, 2020 03:28 PM IST

    ITR filing date for AY20-21: CBDT extends deadline to December 31

    For those who are required who are required get their ITR audited, the deadline for the procedure has been extended to January 31, 2021.

  • How faceless tax assessment works Oct 16, 2020 09:09 AM IST

    How faceless tax assessment works

    Faceless assessment is expected bring positive changes to the assessment system, thereby saving travel time and cost for the taxpayer

  • CBDT warns officers against political intervention in transfer postings Oct 13, 2020 05:14 PM IST

    CBDT warns officers against political intervention in transfer postings

    The Central Board of Direct Taxes (CBDT) has warned Indian Revenue Service (IRS) officers not to use political or other outside influence for transfer postings

  • ITR filing: Deadline to file income tax return for AY20 extended to November 30 Sep 30, 2020 05:14 PM IST

    ITR filing: Deadline to file income tax return for AY20 extended to November 30

    The Centre had on July 29 extended the deadline for filing of original and revised ITRs till September 30

  • I-T refunds worth Rs 1.18 lakh crore issued to 33.54 lakh taxpayers till September 29 Sep 30, 2020 05:04 PM IST

    I-T refunds worth Rs 1.18 lakh crore issued to 33.54 lakh taxpayers till September 29

    The government has emphasised on providing tax-related services to the taxpayers without any hassles during COVID-19 pandemic and to that end has been clearing up pending tax refunds.

  • CBDT issues clarifications on new TDS/TCS norms applicable from October 1 onward Sep 29, 2020 08:55 PM IST

    CBDT issues clarifications on new TDS/TCS norms applicable from October 1 onward

    Three new provisions pertaining to tax collected at source have been brought in via the Finance Act 2020.

  • CBDT chairman Pramod Chandra Mody tests COVID positive Sep 24, 2020 08:47 PM IST

    CBDT chairman Pramod Chandra Mody tests COVID positive

    Mody's blood has also been tested, apart from oxygen saturation. Lungs specialists are monitoring his health, Agarwal said.

  • Tax refunds worth over Rs 1.06 lakh crore issued to 30.92 lakh taxpayers till September 15: CBDT Sep 16, 2020 07:41 PM IST

    Tax refunds worth over Rs 1.06 lakh crore issued to 30.92 lakh taxpayers till September 15: CBDT

    The tax refunds includes personal income tax (PIT) refunds amounting to Rs 31,741 crore issued to 29.17 lakh taxpayers and corporate tax refunds worth Rs 74,729 crore to over 1.74 lakh taxpayers.

  • CBDT dedicates two-thirds of workforce to faceless assessment scheme Sep 14, 2020 03:58 PM IST

    CBDT dedicates two-thirds of workforce to faceless assessment scheme

    The faceless assessment scheme is aimed at making taxation transparent

  • I-T dept enables banks to check ITR filing status of PAN holders Sep 03, 2020 01:25 PM IST

    I-T dept enables banks to check ITR filing status of PAN holders

    Through a notification on August 31, the CBDT included "scheduled commercial banks" in the list of agencies with which tax authorities can share information.

  • CBDT chairman Pramod Chandra Mody gets six-month extension Aug 31, 2020 10:35 PM IST

    CBDT chairman Pramod Chandra Mody gets six-month extension

    He was in August last year re-appointed on the post for one year, till August 31, 2020, beyond the date of his superannuation on August 31, 2019.

  • CBDT asks banks to refund charges collected after Jan 1 on e-transactions Aug 30, 2020 05:17 PM IST

    CBDT asks banks to refund charges collected after Jan 1 on e-transactions

    The move comes after the CBDT received several representations that said banks are charging an additional fee on transactions made through UPI

  • All about faceless income tax assessment and how it works Aug 25, 2020 08:32 PM IST

    All about faceless income tax assessment and how it works

    The tax assessment would be carried out by the Assessment Unit, enquiry or verification would be conducted by the Verification Unit, and technical assistance would be provided by the Technical Unit

  • Income Tax refunds worth Rs 88,652 crore issued to 24.64 lakh taxpayers Aug 21, 2020 10:41 AM IST

    Income Tax refunds worth Rs 88,652 crore issued to 24.64 lakh taxpayers

    Corporate tax refunds amounting to Rs 60,472 crore were issued to over 1.58 lakh taxpayers this fiscal, the Income Tax Department said.

  • CBDT lists conditions for pension funds to avail income tax exemptions Aug 18, 2020 03:29 PM IST

    CBDT lists conditions for pension funds to avail income tax exemptions

    This follows a July notification exempting pension funds, sovereign wealth funds and the Abu Dhabi Investment Authority from I-T on dividends and long term capital gains (LTCG) on debt or equity investments in 34 specified infrastructure sectors

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