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Start-Up investors to get relief from ‘Angel Tax’
Updated : 7 years, 1 month ago IST
New Delhi, Jan 16 (ANI) Start-Ups in India are set to get relief from the ‘Angel Tax’ with the exemption limit being raised to Rs 50 lakh from Rs 25 lakh for returns on the income a year before an investment.
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SC asks Sonia, Rahul, Sonia to submit affidavit on CBDT circular in I-T ca
Updated : 7 years, 2 months ago IST
New Delhi (India), Jan 8 (ANI): The Supreme Court on Tuesday asked UPA chairperson Sonia Gandhi and her son Congress president Rahul Gandhi to submit an affidavit in a Central Board of Direct Taxes (CBDT) circular that had "a direct bearing on the National Herald tax assessment case."
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CBDT permits NRIs, resident applicants to manually file taxes
Updated : 7 years, 2 months ago IST
New Delhi [India], Dec 24 (ANI): The Central Board of Direct Taxes (CBDT) on Monday decided to make non-resident Indians (NRIs) and resident applicants an exception with regard to online filing of tax application under section 197 and 206C (9) of Income Tax Rules, 1962.
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Snooping row: MHA order will get challenged in court soon, says Kapil Siba
Updated : 7 years, 2 months ago IST
New Delhi [India], Dec 23 (ANI): The Ministry of Home Affairs' (MHA) order allowing 10 agencies to monitor any computer resource is unconstitutional and will get challenged in court soon, said senior Congress leader Kapil Sibal on Sunday.
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Govt empowers security, intelligence agencies for mass surveillance
Updated : 7 years, 2 months ago IST
New Delhi [India], Dec 21 (ANI): The Centre on Friday authorised select security and intelligence agencies for purposes of interception, monitoring and decryption of any information generated, transmitted, received or stored in any computer resource.
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No coercive action to be taken against start-ups, angel investors: CBDT
Updated : 7 years, 2 months ago IST
New Delhi [India], Dec 20 (ANI): The Central Board of Direct Taxation (CBDT) on Thursday clarified that no coercive action would be taken against start-ups and angel investors.
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KYC of lockers in Rs 25 crore hawala racket was not done: CBDT chairman
Updated : 7 years, 3 months ago IST
New Delhi [India], Dec 4 (ANI): The Income Tax (IT) Department has found that Know-Your-Customer (KYC) of lockers in the Rs 25-crore hawala racket in Chandni Chowk was not done.
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CBDT appoints Akhilesh Ranjan as Head of Direct Tax task force
Updated : 7 years, 3 months ago IST
New Delhi [India], Nov 26 (ANI): Central Board of Direct Taxation on Monday announced the appointment of Akhilesh Ranjan as Convenor of the Task Force that was constituted by the Government of India in November, 2017.
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CBDT gets three new members
Updated : 7 years, 4 months ago IST
New Delhi [India], Nov 6 (ANI): The Central government-led by Prime Minister Narendra Modi on Tuesday released a list of three people who have been appointed as members of the Central Board of Direct Taxes (CBDT).
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Centre proposes amendments in 2C, 2CA under Income-tax Rules
Updated : 7 years, 4 months ago IST
New Delhi [India], Oct 29 (ANI): The Centre on Monday proposed a slew of amendments in rules 2C and 2CA, and Form No 56 and Form No 10G under the Income-tax Rules, 1962.
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Processing of Income Tax refunds is faster than ever: CBDT Chairman
Updated : 7 years, 4 months ago IST
New Delhi [India], Oct 22 (ANI): The Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra on Monday said that higher level of compliance, various legislative and administrative measures have been taken by the Central Government against tax evasion.
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CBDT announces hike in Direct Tax-GDP ratio
Updated : 7 years, 4 months ago IST
New Delhi [India], Oct 22 (ANI): The Central Board of Direct Taxes (CBDT) on Monday announced constant growth in the Direct Tax-GDP ratio over the last three years, with the ratio at 5.98% in FY2017-18.
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