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Gross direct tax collections rise 18 per cent this fiscal
Updated : 2 years, 5 months ago IST
A total of Rs 11.07 lakh crore (gross) worth of direct taxes have been collected so far in the current financial year 2023-24, representing a 17.95 per cent increase on a yearly basis, Central Board of Direct Taxes Chairman Nitin Gupta said on Tuesday.
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Nitin Gupta reappointed as chairman of CBDT
Updated : 2 years, 5 months ago IST
Nitin Gupta, a 1986 batch IRS officer, will continue his role as Chairman of CBDT. His reappointment follows a meeting of a Committee of Secretaries held on June 25, which selected him for this prestigious position.
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Singapore, France, Switzerland successfully test cross-border wholesale di
Updated : 2 years, 5 months ago IST
The central banks of Singapore, France and Switzerland in collaboration with the Bank for International Settlements (BIS) have successfully concluded a project where they tested the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs).
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Net direct tax collections rise 23 per cent this fiscal
Updated : 2 years, 5 months ago IST
A total of Rs 865,117 crore worth of direct taxes have been collected so far in the current financial year 2023-24, representing a 23 per cent increase on a yearly basis.
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Over 6 crore returns processed, additional info sought from 12 lakh taxpay
Updated : 2 years, 6 months ago IST
The Income Tax Department has so far processed more than 6 crore tax returns for the assessment year 2023-24 out of the 6.84 crore that it has verified
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SBI introduces UPI interoperability for CBDC
Updated : 2 years, 6 months ago IST
With this step, the bank is poised to provide unparalleled convenience and accessibility to its customers. This feature, accessible through the 'eRupee by SBI' application, empowers SBI CBDC users to effortlessly scan any merchant UPI QR code, facilitating swift and secure transactions.
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Revamped website of Income Tax Department launched
Updated : 2 years, 6 months ago IST
In order to enhance taxpayers' experience and keep pace with new technology, the Income Tax Department has revamped its website with a user-friendly interface, value-added features, and new modules.
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Income Tax Department unveils revamped website for enhanced taxpayer exper
Updated : 2 years, 6 months ago IST
The newly revamped website was officially launched by Nitin Gupta, Chairman of the Central Board of Direct Taxes (CBDT), during the 'Chintan Shivir' event organized by the Directorate of Income Tax (Systems) in Udaipur, read the Ministry of Finance press release.
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CBDT notifies rule for valuing rent-free accommodation perquisite provided
Updated : 2 years, 6 months ago IST
Board of Direct Taxes, the Central Board of Direct Taxes (CBDT) on Saturday notified amendments to the Income Tax Rules for valuing perquisites of rent-free or concessional accommodation by employers to employees.
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Income Tax dept operationalizes Board for Advance Rulings in Delhi, Mumbai
Updated : 2 years, 6 months ago IST
Earlier in September 2021, the Central Board of Direct Taxes (CBDT) constituted three Boards for Advance Rulings.
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Study finds new method to reverse effects of fentanyl
Updated : 2 years, 7 months ago IST
Researchers have discovered a new way to reverse the effects of fentanyl, which is 50 to 100 times stronger than morphine. Their research, which was published in the Journal of Medicinal Chemistry, could lead to a new method of reversing overdoses, either through a new product or by working
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UST Delivers API Prototypes for Retail Central Bank Digital Currency (CBDC
Updated : 2 years, 8 months ago IST
London [UK]/Bengaluru (Karnataka) [India], June 27: UST, a leading digital transformation solutions company, has announced its role as an Innovation vendor for Project Rosalind, an experiment in application programming interface (API) prototypes for central bank digital currencies (CBDC) fro
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