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Saturday, August 13, 2022



I-T dept detects Rs 1,000-crore black income after raids on Gujarat group

August 02, 2022 4:17 pm

The Central Board of Direct Taxes (CBDT) is the administrative authority for the tax department.

I-T dept alleges business, tax irregularities against Dolo-650 maker

July 13, 2022 10:33 pm

The claims came after the Income Tax department had on July 6 raided 36 premises of Bengaluru-based Micro Labs Ltd. across nine states.

Sitharaman raps CBDT and CBIC for not addressing tax assessees grievances

March 08, 2022 7:41 am

Even before the officials responded, Sitharaman intervened and pulled up the Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes & Customs (CBIC) officials.

‘FY22 tax collections historic high ... next year a window to cash in on the good times’: CBDT Chairman JB Mohapatra

February 06, 2022 7:29 am

"The department is in a very good space right now. Unlike last year, and before that one, when we were struggling for collections. This year collections have been good thankfully and hopefully another three months will go in this manner," Central Board of Direct Taxes (CBDT) Chairman JB Mohapatra said.

Over 2 crore ITR filed; new portal substantially stabilised: CBDT

October 15, 2021 12:27 am

The new income tax portal,, which was launched on June 7, has been facing glitches since its launch.

CBDT notifies rules to calculate taxable interest in provident fund accounts

September 02, 2021 4:31 pm

According to the Income-tax (25th Amendment) Rules, 2021, for the purpose of calculation of taxable interest, separate accounts within the provident fund account shall be maintained during 2021-2022 and all subsequent years for taxable and non-taxable contributions made by a person.

Probing 'fictitious transactions' of Rs 2,200-cr, says CBDT after raids on media group

July 24, 2021 9:48 pm

The Central Board of Direct Taxes said that the searches that were launched on July 22 in nine cities like Bhopal, Indore, Delhi, Ahmedabad, Noida and some others are "continuing and further investigations are in progress".

Direct tax collections at Rs 9.45 lakh crore in FY21, exceeds revised estimates: FinMin

April 09, 2021 1:13 pm

Direct Tax collection: The net direct tax collections include Corporation Tax (CIT) at Rs 4.57 lakh crore and Personal Income Tax (PIT) including Security Transaction Tax (STT) at Rs 4.88 lakh crore.

I-T dept detects Rs 175-crore black income in raids on TN contractors

March 04, 2021 8:19 pm

It said "unaccounted" cash of Rs 3 crore was seized after the searches were conducted on Wednesday at 18 premises in Madurai and Ramanathapuram districts.

Curbs on coercive, intrusive powers of tax officers for recovery

October 17, 2020 1:15 am

The new order now allows coercive/intrusive measures only after exhaustion of other means of recovery and restrict recovery surveys to the non-responsive/non-traceable taxpayers.