Search For "direct tax"
Committee submits report on replacing I-T Act with Direct Tax Code
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 19 (ANI): A committee of experts headed by Central Board of Direct Taxes (CBDT) member Akhilesh Ranjan on Monday submitted its report on replacing the Income Tax Act with a new Direct Tax Code.
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CBDT to attach DIN to each communication from Oct 1
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 14 (ANI): The Central Board of Direct Taxes (CBDT) has taken a step to "ensure greater transparency and accountability in tax administration", according to a press release on Wednesday.
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CBDT clarification on notices to Durga Puja Committees factually incorrect
Updated : 6 years, 7 months ago IST
Kolkata (West Bengal) [India], Aug 14 (ANI): West Bengal Chief Minister Mamata Banerjee on Tuesday slammed the Central Board of Direct Taxation (CBDT) over its clarification on the notice to Durga Puja Committees and claimed that it was factually incorrect.
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CBDT rebuts incorrect reports about Income Tax notices to Durga Puja Commi
Updated : 6 years, 7 months ago IST
New Delhi [India], Aug 13 (ANI): The Central Board of Direct Taxes (CBDT) on Tuesday denied reports of Income Tax notices being issued to Durga Puja committees in Kolkata.
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Govt allows Task Force to submit report on direct tax code by Aug 16
Updated : 6 years, 7 months ago IST
New Delhi [India], July 31 (ANI): The government has allowed Task Force which was constituted in November 2017 to review existing Income-tax Act, 1961 and draft a new direct tax law, to submit its report by August 16 in the light of the fact that new members of task force requested for more
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Number of tax assesses goes up, direct tax collections jump: CAG
Updated : 6 years, 8 months ago IST
New Delhi [India], July 30 (ANI): The number of non-corporate assessees increased from 4.37 crore in 2016-17 to 5.38 crore in 2017-18, marking an increase of 23.1 per cent, the Comptroller and Auditor General (CAG) of India said on Tuesday.
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Assets worth Rs 1.28 crore seized from business group in connection with J
Updated : 6 years, 8 months ago IST
New Delhi [India], July 24 (ANI): The Central Board of Direct Taxes (CBDT) said a search operation was conducted on a business group which led to the seizure of unaccounted jewellery and undisclosed cash of more than Rs 1.28 crore from the promoter of the group, in connection with the Jam
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Seven laws related to indirect taxation being amended through Finance bill
Updated : 6 years, 8 months ago IST
New Delhi [India], July 18 (ANI): Finance Minister Nirmala Sitharaman on Thursday said seven legislations each under the direct taxation and indirect taxation were being amended by the Finance Bill to boost manufacturing and bring greater simplicity and effectiveness to the laws.
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No changes made in Income Tax Return forms: CBDT
Updated : 6 years, 8 months ago IST
New Delhi (India), July 16 (ANI): The Central Board of Direct Taxes (CBDT) on Tuesday said that no changes have been made in any of the Income Tax Return (ITR) forms.
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Direct tax mobilisation target realistic, says CBDT Chairman Mody
Updated : 6 years, 8 months ago IST
New Delhi [India], July 9 (ANI): The government's direct tax mobilisation target of Rs 13.35 lakh crore during 2019-20 is realistic and achievable, Chairman of the Central Board of Direct Taxes (CBDT) P C Mody said on Tuesday.
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Govt working as an accountant for every taxpayer: CBDT Chairman
Updated : 6 years, 8 months ago IST
New Delhi [India], July 6 (ANI): Pre-filled income tax returns will leverage technology, encourage compliance and make the process of filing declaration less cumbersome for a common person, the Central Board of Direct Taxes (CBDT) said on Saturday.
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Direct tax revenue increases by 78 pc in last five years
Updated : 6 years, 8 months ago IST
New Delhi [India], July 5 (ANI): The direct tax revenue has significantly increased by over 78 per cent from Rs 6.38 lakh crore in 2013-14 to about Rs 11.37 lakh crore in last five years, Finance Minister Nirmala Sitharaman said on Friday.
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