Search For "direct taxes"
CBDT sets up National e-Assessment Centre for faceless scrutiny of IT retu
Updated : 6 years, 5 months ago IST
New Delhi [India], Sept 21 (ANI): The Central Board of Direct Taxes (CBDT) has set up a National e-Assessment Centre (NeAC) for assessing tax returns electronically without any personal contact between officials and taxpayers.
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CBDT enters into 26 APAs during April to August
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 4 (ANI): The Central Board of Direct Taxes (CBDT) has entered into 26 advance pricing agreements (APAs) in the first five months of the current financial year, according to an official statement released on Wednesday.
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Highest ever 49,29,121 e-returns filed in a single day on August 31: CBDT
Updated : 6 years, 6 months ago IST
New Delhi [India], Sept 1 (ANI): The Income Tax (I-T) Department has made history with the highest ever jump in the e-filing of income-tax returns (ITRs). An all-time high of 49,29,121 ITRs was filed in a single day on August 31, said the Central Board of Direct Taxes (CBDT) on Sunday.
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CBDT constitutes special cell to redress grievances of start-ups
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): The Central Board of Direct Taxes (CBDT) on Friday constituted a special cell to redress the grievances of start-ups and mitigate their tax-related issues.
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File IT returns by Aug 31, no extension of date: CBDT
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 30 (ANI): The Central Board of Direct Taxes (CBDT) on Friday clarified that no order has been issued regarding extension of filing IT returns and advised people to file returns by August 31.
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CBDT denies that last week's announcements create a differential regime fo
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 28 (ANI): The Central Board of Direct Taxes (CBDT) on Wednesday dispelled doubts that last Friday announcements made by Finance Minister Nirmala Sitharaman which brought in several structural measures to boost up the economy have created a differential regime betwee
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Start-ups with turnover up to Rs 25 crore to get promised tax holiday: CBD
Updated : 6 years, 6 months ago IST
New Delhi [India], Aug 22 (ANI): The Central Board of Direct Taxes (CBDT) clarified on Thursday that small start-ups with turnover up to Rs 25 crore will continue to get the promised tax holiday as specified in Section 80-IAC of the Income Tax Act 1961 which provides deduction for 100 per ce
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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 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, 7 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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