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Thursday, October 28, 2021

Central Board of Direct Taxes (CBDT)

CENTRAL BOARD OF DIRECT TAXES (CBDT) NEWS

IT dept detects Rs 500-cr unaccounted transactions after raids on Gujarat realty group

October 02, 2021 7:10 pm

"Over all, the search and seizure operation has resulted in the detection of unaccounted transactions of more than Rs 500 crore," the CBDT said in a statement.

CBDT notifies ‘safe harbour’ rates for transfer pricing

September 26, 2021 12:57 am

Generally, safe harbour is defined as circumstances in which the tax authority shall accept the transfer price declared by the taxpayer to be at arm’s length.

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".

Panama Papers: Rs 20,000 crore in undeclared assets identified

July 05, 2021 7:12 am

The latest number is a quantum jump from figures released earlier to The Indian Express by CBDT through the RTI route: Rs 1,564 crore in June 2019, and Rs 1,088 crore in April 2018.

Govt extends time till June 30 for making payment under Vivad Se Vishwas scheme

April 24, 2021 3:39 pm

The Vivad Se Vishwas scheme provides for settlement of disputed tax, interest, penalty or fees in relation to an assessment or reassessment order on payment of 100 per cent of the disputed tax and 25 per cent of the disputed penalty or interest or fee.

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.

Parivar Pehchan Patra scheme: Khemka hints at anomalies in Khattar’s dream project data

April 06, 2021 9:38 am

Asks Haryana to rely on BPL/ Antyodaya data; government refutes, cites multiple checks-and-balances adopted to authenticate data.

MP Chief Secretary updates Election Commission on ‘polls cash’ case against 3 IPS officers

January 06, 2021 2:34 am

The Chief Secretary “informed that the agency has registered PE (Preliminary Enquiry) in the matter” and “sought two weeks’ time to apprise the Commission of further action in the matter”, according to sources.

Tax refunds worth over Rs. 1.06 lakh cr issued to 30.92 lakh taxpayers till Sep 15: CBDT

September 16, 2020 6:19 pm

This includes personal income tax (PIT) refunds amounting to Rs. 31,741 crore issued to 29.17 lakh taxpayers and corporate tax refunds worth Rs. 74,729 crore to over 1.74 lakh taxpayers.