New Delhi [India], Nov 18 (ANI): It was announced by the Government earlier that small deposits made in the banks by artisans, workers, housewives, etc. would not be questioned by the Income Tax Department in view of the fact that present exemption limit for Income Tax is Rs.2.5 lakh.
New Delhi [India], Nov. 14 (ANI): The Central Board of Direct Taxes (CBDT) on Monday announced that it will scrutinise cash deposits more than 2.5 lakhs in banks and firm action will be taken if it has not been made through proper channels.
New Delhi [India], Nov 8 (ANI): The Central Board of Direct taxation (CBDT) has announced signing of Double Taxation Avoidance Convention between India and Japan, which already exists on March 7th, 1989 and was notified on March 1st, 1990.
New Delhi [India], Nov. 1 (ANI): Sushil Chandra, a 1980 batch officer of Indian Revenue Service (Income Tax cadre), today joined as Chairperson of Central Board of Direct Taxes(CBDT).
New Delhi [India], Nov 1 (ANI): Senior Indian Revenue Service officer Sushil Chandra will take over as the new chairman of Central Board of Direct Taxes (CBDT), the policy-making body for the Income Tax department.
New Delhi [India], Oct 27 (ANI): The Central Board of Direct Taxes (CBDT) has entered into five Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers here today.
New Delhi [India], Oct 26 (ANI): Central Board of Direct Taxes (CBDT) had proactively released in April, 2016 time-series data relating to direct tax collections, number of taxpayers, cost of collection, etc., data of number of PAN allotted and data relating to distribution of income and tax
New Delhi [India], Oct.25 (ANI):The Central Board of Direct Taxes (CBDT) has commenced issuing the second round of certificates of appreciation to tax payers who have contributed to nation-building.
New Delhi [India], Sept. 27 (ANI): The Central Board of Direct Taxes has extended working hours to receive declarations of undisclosed income and assets until midnight of 30th September.
New Delhi [India], Sep 23 (ANI): The Central Board of Direct Taxes (CBDT) entered into five unilateral Advance Pricing Agreements (APAs) today, i.e., 23rd September, 2016, with Indian taxpayers.
New Delhi [India], Sep 16 (ANI): Certain sections of the press have been speculating on the taxpayer response to the currently on-going Income Disclosure Scheme 2016 over the last couple of days.
New Delhi [India], Sept.15 (ANI): Litigation is a scourge for a tax friendly regime. In order to reduce the pending litigation, the Direct Tax Dispute Resolution Scheme, 2016 (the Scheme) has come into force from June 1, 2016 and can be availed upto 31st December, 2016.