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Monday, February 24, 2020



Compile data on pending appeals in high courts: CBDT to field officers

February 06, 2020 4:16 am

The CBDT in its communication dated February 4 has asked principal chief commissioners to collate the data and send it by next week. The CBDT has asked the regional Income Tax Department chiefs to personally monitor the exercise and submit the data by February 14 to it through e-mail.

Feel this is a fair deal: CBDT chief on direct tax amnesty scheme

February 05, 2020 12:37 am

Under the scheme, any taxpayer currently in dispute with the government over the pending dues will be allowed to pay just the principal amount.

Tamil Nadu: CBDT seizes Rs 30 crore from educational institutes group

October 14, 2019 2:14 am

According to a statement by the CBDT, searches were carried out from Friday across 17 locations of the group, including the homes of the group’s promoters in Namakkal, Perundurai, Karur and Chennai.

‘Tax chief told me to drop sensitive case, said he was secure after acting against Oppn leader’

October 05, 2019 6:23 pm

This is the key allegation in an unprecedented complaint against the nation’s top tax administrator by Alka Tyagi, who was Chief Commissioner of Income Tax (Unit 2) in Mumbai when she sent her complaint to Finance Minister Sitharaman on June 21.

Overlooked for chairman post, CBDT member Ranjan seeks retirement

August 31, 2019 2:25 am

On August 19, Ranjan and other members of the task force on direct taxes headed by him had submitted the draft of the new direct tax legislation and report of the task force on direct tax law.

No differential regime between FPIs, domestic investors: CBDT

August 29, 2019 3:56 am

CBDT said, following the announcement, the perception that the withdrawal of enhanced surcharge has created the differential regime in certain sections of the media is completely misplaced.

Relief for startups: CBDT lays down procedure for pending angel tax cases

August 09, 2019 4:50 am

In a clarification, CBDT has laid out procedures that prevent assessing officers (AOs) from scrutinising angel capital raised by startups recognised by the DPIIT.

TDS on interest on accident compensation: HC seeks CBDT stance

July 13, 2019 6:12 am

A bench of Justice S Muralidhar and Justice Talwant Singh also issued a notice to the Ministry of Finance, asking for its stand on the plea, and listed the matter for further hearing on November 6.

CBDT wants I-T dept to recover Rs 5.11 lakh crore tax arrears this fiscal

July 12, 2019 4:31 am

The total outstanding tax demand arrears of the I-T department stands at Rs 12.77 lakh crore as on April up over 14 per cent from a year ago.

Deposits during note ban: Deadline set for assessment of 87,000 non-filers

March 07, 2019 4:45 am

The tax department had served notices to around 3 lakh depositors, out of which 87,000 have not filed their returns in response to the notice issued under Section 142 (1) of the Income-tax Act.