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Collected over Rs 700 cr in TDS from online gaming companies, crypto: CBDT
Updated : 2 years, 5 months ago IST
The Central Board of Direct Taxes (CBDT) has collected more than Rs 700 crore as Tax Deduction at Source (TDS) this financial year after a new TDS regime was brought in for online gaming and trade in cryptocurrency, said the tax body's chairman Nitin Gupta
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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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Net direct tax collections rise 23 per cent this fiscal
Updated : 2 years, 6 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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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, 7 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, 7 months ago IST
Earlier in September 2021, the Central Board of Direct Taxes (CBDT) constituted three Boards for Advance Rulings.
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CBI registers case against Oxfam India for "violating provisions of foreig
Updated : 2 years, 11 months ago IST
CBI's FIR into the matter mentioned that "Though Oxfam India's FCRA registration is ceased, it planned to circumvent FCRA by routing funds through other routes. From the email found during the IT survey by the CBDT, it appears that Oxfam India is providing funds to the Centre for Policy R
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Income Tax dept selects 68,000 high-value transaction cases for e-verifica
Updated : 3 years ago IST
CBDT chief Gupta said that the I-T department had taken several progressive steps to encourage voluntary tax compliance and facilitate a transparent and non-intrusive tax administration. One such major initiative is the e-Verification Scheme, 2021, which was notified on December 13, 2021.
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BBC India survey indicated tax evasion on certain remittances, discrepanci
Updated : 3 years, 1 month ago IST
The Income Tax Department gathered several evidences pertaining to the BBC India's operation which indicated that taxes were not paid on "certain remittances" which have not been disclosed as income in India by the foreign entities of the group.
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