Search For "direct taxes"
Probe into 'Panama Papers' cases in full swing, says Centre
Updated : 8 years, 4 months ago IST
New Delhi [India], November 6 (ANI): The Ministry of Finance on Monday said that the investigation into the cases pertaining to the 'Panama Papers' was in full swing.
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Multi Agency Group to probe 'Paradise Papers' cases
Updated : 8 years, 4 months ago IST
New Delhi [India], November 6 (ANI): The Central Government has directed that investigations in cases of Paradise Papers would be monitored through a reconstituted Multi Agency Group, the Central Board of Direct Taxes (CBDT) said, in an official statement today.
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CBDT exempts cash sale of agricultural produce from disallowance of expend
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov. 3 (ANI): The Central Board of Direct Taxes (CBDT) on Friday clarified that cash sale of agricultural produce by its cultivator to the trader for an amount less than Rs. 2 lakh will not result in any disallowance of expenditure under section 40A (3) of the Income-tax A
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Govt extends deadline for filing Income Tax Returns to Nov 7
Updated : 8 years, 4 months ago IST
New Delhi [India], Nov. 1 (ANI): The government has extended the last date for filing Income Tax Returns (ITR) and tax audit reports till November 7.
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CBDT issues draft notification of amendment of rule 17A and form 10A
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct 18 (ANI): Central Board of Direct Taxes on Wednesday stated that the Vide Finance Act, 2017, a new clause (ab) was inserted in sub-section (1) of section 12A of the Income-tax Act, 1961 ('the Act') w.e.f April 1st, 2018 to the effect that where a trust or an institutio
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CBDT signs two more APAs with taxpayers
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct.7 (ANI): The Central Board of Direct Taxes (CBDT) has signed two more advance pricing agreements (APAs) with taxpayers as part of its aim to reduce litigation by providing certainty in transfer pricing.
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CBDT seeks suggestions on framing of rules on country-by-country reporting
Updated : 8 years, 5 months ago IST
New Delhi [India], Oct.6 (ANI): In keeping with India's commitment to implement recommendations of 2015 Final Report on Action 13, titled "Transfer Pricing Documentation and Country-by-Country Reporting", the Department of Income Tax has invited comments from stakeholders and the general pub
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1 Cr reward for secrete informers who tip information against Benami prope
Updated : 8 years, 5 months ago IST
New Delhi [India], September 22 (ANI): The Centre is planning to give out cash rewards to the tune of Rs one crore to secret informers who provide tip offs to investigative agencies in connection with Benami Properties.
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Ministry of Corporate Affairs, CBDT sign MoU for Automatic and Regular Exc
Updated : 8 years, 6 months ago IST
New Delhi [India], Sep 14 (ANI): The Ministry of Corporate Affairs and Central Board of Direct Taxes (CBDT) on Thursday concluded a formal Memorandum of Understanding (MoU) for data exchange, on 6th September, 2017.
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CBDT announces 19.1 percent growth in Direct Tax up to July
Updated : 8 years, 6 months ago IST
New Delhi [India], Aug 9 (ANI): The Central Board of Direct Taxes (CBDT) on Wednesday announced the collections made under Direct Tax up to July, 2017 standing at Rs. 1.90 lakh crore which is 19.1 percent higher than the net collections for the corresponding period of last year.
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CBDT highlights 25 percent surge in filing of IT returns
Updated : 8 years, 6 months ago IST
New Delhi [India], August 7 (ANI): The Central Board of Direct Taxes (CBDT) on Monday highlighted a 25 percent increase in the number of Income Tax Returns (ITRs) filed in the current fiscal, on the backdrop of economic reform, including demonetisation and the Income Tax Department's (I
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Finance Ministry officials trying to derail probe against Chidambarams
Updated : 8 years, 6 months ago IST
New Delhi [India], Aug 7 (ANI): Bharatiya Janata Party (BJP) leader Subramanian Swamy has written a letter to Prime Minister Narendra Modi stating that the Central Bureau of Direct Taxes (CBDT) is not taking action against Karti Chidambaram and P. Chidambaram, further alleging that some offi
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