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BJP says electoral reforms mandatory for nation
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 21 (ANI): The Bharatiya Janata Party (BJP) on Wednesday welcomed the move of the Election Commission (EC) to write to the Central Board of Direct Taxes (CBDT) to delist 200-odd political parties and said electoral reform is mandatory for the nation.
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EC to write to CBDT about decision to delist 200 political parties
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 21 (ANI): The Election Commission will write to the Central Board of Direct Taxes (CBDT) informing it about the decision to delist 200-odd political parties, which exist only on paper.
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CBDT issues notifications of the Taxation Laws Act, 2016
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec 16 (ANI): The Taxation Laws (Second Amendment) Act, 2016 has come into force on December 15th, 2016 under the scheme of Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016.
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CBDT issues norms for filing of revised 'Income Tax Returns' by
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec 14 (ANI): Under the existing provisions of section 139(5) of the Income-tax Act, 1961 ('Act'), Revised Return can only be filed if any person, who has filed a return under section 139(1) of the Act or in response to notice u/s 142(1), discovers any omission o
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CBDT points out at cases with serious irregularities detected post de-mone
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec 6 (ANI): The Income Tax Department on Tuesday carried out swift investigations in more than 400 cases since the de-monetisation of Old High Denomination (OHD) currency announced by the Government on November 8th, 2016.
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CBDT urges people to protect bank accounts from 'unscrupulous element
Updated : 8 years, 7 months ago IST
New Delhi [India], Dec. 4(ANI): The Central Board of Direct Taxes (CBDT) on Sunday urged account holders not to consent to any kind of misuse of their accounts, which would expose them to the dangers of being held responsible for the tax evasion by unscrupulous elements.
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CBDT signs four unilateral advance pricing agreements
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov 23 (ANI): The Central Board of Direct Taxes (CBDT) on Wednesday announced entering into four more unilateral Advance Pricing Agreements (APAs), which have a "Rollback" provision in them.
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CBDT urges citizen to help join the government eradicating black money
Updated : 8 years, 7 months ago IST
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.
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Cash deposits of over Rs 2.5 lakhs under scanner: CBDT
Updated : 8 years, 7 months ago IST
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.
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CBDT notifies protocol amending 'Double Taxation Amending Convention&
Updated : 8 years, 7 months ago IST
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.
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Sushil Chandra joins as new chief of Central Board of Direct Taxes
Updated : 8 years, 7 months ago IST
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).
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IRS officer Sushil Chandra to take over as CBDT chairman
Updated : 8 years, 7 months ago IST
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.
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