Search For "direct taxes"
CBDT issues norms for compounding of offences under I-T Act
Updated : 3 years, 6 months ago IST
New Delhi [India], September 17 (ANI): The Central Board of Direct Taxes (CBDT) has issued revised guidelines with regards to the compounding of offences under the Income Tax Act, 1961, in conformity with the government's policy of facilitating Ease of Doing Business and decriminalisation of
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CBT reports 35.46 pc higher direct tax gross collection as compared to las
Updated : 3 years, 6 months ago IST
New Delhi [India], September 9 (ANI): Direct Tax collections up to September 8, 2022 show that gross collections of the year are at Rs. 6.48 lakh crore, which is 35.46 per cent higher than the gross collections for last year, said a press release by Central Board of Direct Taxes on Friday.
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Govt issues Rs 1.14 lakh crore tax refunds in April-August 2022
Updated : 3 years, 6 months ago IST
New Delhi [India], September 3 (ANI): The government has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers in the first five months of the current financial year, the Income Tax Department said on Saturday.
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Gross tax collections this year 38 per cent higher than last year: CBDT Ch
Updated : 3 years, 6 months ago IST
New Delhi [India], August 26 (ANI): Gross tax collections this year are 38 per cent higher when compared with the previous year, Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said on Friday.
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ANI INTERVIEW: Income tax raids are always conducted after credible inputs
Updated : 3 years, 6 months ago IST
New Delhi [India], August 26 (ANI): Raids, searches, surveys and notices conducted by Income Tax authorities are always based on credible information, said Nitin Gupta, new Chairman at Central Board of Direct Taxes (CBDT).
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Income Tax Dept raids film producers, distributors in Tamil Nadu
Updated : 3 years, 7 months ago IST
New Delhi [India], August 6 (ANI): The Income Tax Department has conducted raids at 40 premises, located in Chennai, Madurai, Coimbatore and Vellore belonging to certain producers, distributors, and financiers associated with the film Industry, the Central Board of Direct Taxes (CBDT) said o
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Income Tax Dept raids healthcare firms in Haryana and Delhi NCR
Updated : 3 years, 7 months ago IST
New Delhi [India], August 3 (ANI): The Income Tax Department has raided 44 premises spread across Delhi NCR and Haryana belonging to several companies engaged in healthcare services by running hospitals, the Central Board of Direct Taxes (CBDT) said on Wednesday.
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Incriminating documents found after IT Dept raids business groups in Delhi
Updated : 3 years, 7 months ago IST
New Delhi [India], July 26 (ANI): The Income Tax Department carried out a search and seizure operations earlier this month on groups engaged in the agro and textile business and some others. A total of 27 premises were covered during the search action in Mumbai and Delhi NCR.
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CBDT observes 163rd anniversary of Income Tax
Updated : 3 years, 7 months ago IST
New Delhi [India], July 24 (ANI): The 163rd anniversary of Income Tax Day was observed by the Central Board of Direct Taxes (CBDT) and all its field offices across India on Sunday, the Ministry of Finance said.
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Income Tax Day: Faceless assessment improved processing, issuance of refun
Updated : 3 years, 7 months ago IST
New Delhi [India], July 24 (ANI) The entire life cycle from the filing of the return of income to their verification processing, scrutiny, assessment, and appeal has now been digitized end-to-end through the 'Faceless Assessment' initiative, which has significantly improved processing of ret
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I-T dept raids Hotel Royal Plaza's Chairman for stashing Rs 40 crore abroa
Updated : 3 years, 7 months ago IST
New Delhi [India], July 23 (ANI): The Income Tax Department raided the premises of the Chairman of Hotel Royal Plaza Ashok Mittal for allegedly stashing income of Rs 40 crore on foreign shores.
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Income Tax Dept conducts searches on Bengaluru-based pharmaceutical firm
Updated : 3 years, 8 months ago IST
New Delhi [India], July 13 (ANI): The Income Tax Department said on Wednesday it has conducted search and seizure operations against a Bengaluru-based pharmaceutical firm for alleged irregularities and tax evasion.
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