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

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’

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

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

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

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

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

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

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.

Days after issuing circular to clarify stance on taxation of companies, CBDT withdraws it

The December 31 circular was welcomed by Congress party as a vindication of its stand in the National Herald case, with the next hearing slated for January 8 in Supreme Court.

Indirect tax evasion cases post a decline in FY18-19

A closer look at government data reveals that the Central Board of Direct Taxes (CBDT) has registered an over six-fold increase in the number of prosecution cases filed in courts to 4,524 in 2017-18 from 669 in 2014-15.