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Latest Articles in cbdt

Employees Need To Inform Employers About Intention To Opt For New Tax Regime: CBDT Circular

In a circular, the Central Board of Direct taxes said an employee intending to opt for concessional rates of income tax as provided in the Budget 2020 may intimate the deductor or his employer of such intention.

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CBDT Clarification On Issue Of Certificates For Collection Of TDS, TCS

The rates of TDS/TCS mentioned in old certificates are higher and the taxpayer wants revision of the rates in view of impact of COVID-19 outbreak on its business

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CBDT Confident Of Meeting Rs 11.7 Lakh Crore Tax Collection Target In FY20

Central Board of Direct Taxes (CBDT) Chairman P C Mody said the department is doing data mining and using artificial intelligence to augment revenue, and will not undertake any coercive action.

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Govt Sets Rs 1.1 Lakh Cr Monthly GST Collection Target; Asks Taxmen To Buckle Up

Taxmen were told that both the GST and Rs 13.35 lakh crore target for direct taxes for 2019-20 will have to be achieved.

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Processing Of Income Tax Refund Returns Witnessed 20% Increase, Says CBDT

The CBDT has emphasized the expeditious issue of refunds in this year demonstrating its commitment to faster and more efficient taxpayer service, the department said in a statement.

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Processing Of Income Tax Refund Returns Witnessed 20% Increase, Says CBDT

The CBDT has emphasized expeditious issue of refunds in this year demonstrating its commitment to faster and more efficient taxpayer service.

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Tax Unions Irked By Modi's Switch To Faceless Assessment: Letter

Making the biggest recent reform of tax collection methods, the government introduced faceless assessment this month.

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CBDT Launches One-time Facility For Compounding Of Income Tax Offences

In order to avail the facility a taxpayer will have to file an application for compounding a tax offence before the competent authority.

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End Rollback Governance

While Modi emphasizes the importance of removing roadblocks in the economy, bureaucrats continue to stymie progress. Angel Tax on investments by venture capital firms in startups was an idea thought up in the dark recesses of the Central Board of Direct Taxes (CBDT) ...

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CBDT Asks I-T Dept To Probe About 3 Lakh De-Registered Firms For Money Laundering

The board has asked the tax offices to undertake this special task and bring under their ambit the time period (over the last two years) when these companies were struck off from the records of the Ministry of Corporate Affairs

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New CBDT Boss Asks I-T Dept To Maximise Revenue Collection, Get More Taxpayers

P C Mody, the new chairman of the Central Board of Direct Taxes (CBDT), has asked the taxman to make special efforts in redressing the grievances and the issues faced by "small taxpayers", and work with greater transparency and accountability

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L&T Infotech Bags $100m Contract To Help Pin Down Tax Evaders

The technology, which is basically a ledger that is not held by one person, but multiple parties in an open architecture, can be used very effectively for land records, Jalona said.

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Sluggish TDS Growth: CBDT Asks I-T Dept To Take Urgent Steps

According to official data, the TDS revenue collection till August 31 was over Rs 1.65 crore which reflects a growth rate of 10.44 per cent over the corresponding period of the last fiscal

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Number Of Taxpayers In India Goes Up From 4 Crore To 6.26 Crore In FY17

Income taxpayer base moved up substantially to 6.26 crore at the end of the last fiscal, from nearly 4 crore earlier: CBDT

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Find Out Potential Taxpayers; Focus On Smaller Cities: CBDT

With almost 91 lakh new taxpayers brought in the tax net last fiscal, the CBDT has asked the Income Tax Department to increasingly identify those who can pay tax but are not doing so, with a special focus on smaller cities

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