Login  |  Register  |  Forgot Password 
Below Login Ad

News Category : CBDT

CBDT notifies relaxed norms for startups
Posted Date : 07-Mar-2019 , 10:24:56 am | Posted By CASANSAAR

The income tax (I-T) department has notified the modified norms for startups to enable them to seek 'angel tax' exemption for investments of up to Rs 25 crore. The modified norms, which are aimed at encouraging budding entrepreneurs, will be effective retrospectively from February 19, whe...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 482

CBDT task force gets 3-month extension till May to draft new direct tax law
Posted Date : 02-Mar-2019 , 07:56:12 am | Posted By CASANSAAR

A task force set up under the CBDT to draft a new direct tax law and replace the existing Income Tax Act has been given a three-month extension till May, an official order said. The current term of the task force expired on February 28 and the panel under Central Board of Direct Taxes (CBDT) memb...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 379

CBDT sets up panel to help bring down tax litigation
Posted Date : 23-Feb-2019 , 10:56:29 am | Posted By CASANSAAR

The government is looking to address taxation-related pain points and cut down the number of tax litigations, while focusing on some of the major issues that may lead to revenue generation, people familiar with the development said.  The Central Board of Direct Taxes (CBDT) has formed a four...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 202

PAN Aadhaar Linking is mandatory for tax filers and to be completed by March 31 - CBDT
Posted Date : 16-Feb-2019 , 08:34:14 am | Posted By CASANSAAR

The CBDT has stressed that Aadhaar-PAN linking is 'mandatory' for those filing an Income Tax Return (ITR) and this procedure has to be 'completed' by March 31 this year. "Constitutional validity of Aadhaar has been upheld by the Supreme Court of India in September, 2018. Consequ...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 241

PC Mody takes charge as new CBDT Chairman
Posted Date : 16-Feb-2019 , 08:20:03 am | Posted By CASANSAAR

IRS officer Pramod Chandra Mody on Friday took over as the new chairman of the Central Board of Direct Taxes (CBDT), the policy making body of the Income Tax Department. Mody, a 1982-batch Indian Revenue Service (Income Tax cadre) officer, has been appointed in place of Sushil Chandra, who was on...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 259

CBDT chairman Sushil Chandra appointed as new Election Commissioner
Posted Date : 15-Feb-2019 , 10:06:16 am | Posted By CASANSAAR

Sushil Chandra, the chairman of the Central Board of Direct Taxes (CBDT), has been appointed as the new Election Commissioner on Thursday. A 1980-batch Indian Revenue Service (IRS) official and an IIT alumnus, Chandra has recently retired from the CBDT, who was given a one-year extension till May...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 167

Income tax rebate of Rs 12500 to those who earn up to Rs 5 lakh from April 1 - CBDT
Posted Date : 02-Feb-2019 , 04:45:51 pm | Posted By CASANSAAR

The income tax department will give a "straight rebate" of Rs 12,500 to people having an annual income of Rs 5 lakh from the beginning of next fiscal, thus making their tax liability zero, CBDT Chairman Sushil Chandra said Friday, explaining the proposal made in the Union Budget for 2019-2...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 252

CBDT notifies verification scheme for issuance of e-notices to taxpayers
Posted Date : 01-Feb-2019 , 09:20:42 am | Posted By CASANSAAR

The Central Board of Direct Taxes (CBDT) has come up with a new verification scheme for issuance of e-notices to taxpayers. It will also process the taxpayers’ information, related documents and make the data available to the assessing officer, it said in a notification on Thursday. “...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 951

CBDT directs taxman to withdraw select appeals by month-end
Posted Date : 24-Jan-2019 , 09:09:04 am | Posted By CASANSAAR

The CBDT has directed the taxman to withdraw all appeal cases, pertaining to certain monetary limits and parameters, from various courts by this month-end as part of the government's drive to end frivolous litigations.  CBDT Member (Revenue) Neena Kumar has recently written a letter to a...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 608

CBDT requests non-filers to submit Income Tax Return or Online Response
Posted Date : 23-Jan-2019 , 04:23:27 am | Posted By CASANSAAR

The Non-filers Monitoring System (NMS) aims to identify and monitor persons who enter into high value transactions and have potential tax liabilities but have still not filed their tax returns. Analysis was carried-out to identify non-filers about whom specific information was available in the datab...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 1075

CBDT clarifies regarding issue of Prosecution Notices
Posted Date : 21-Jan-2019 , 11:35:01 am | Posted By CASANSAAR

The Central Board of Direct Taxes (CBDT) has stated that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices to small companies for TDS default are completely misleading and full of factual inaccuracies. CBDT clarified that Mumbai Income Tax TDS offi...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 791

CBDT directs taxman to maximise collection efforts as growth rate not satisfactory
Posted Date : 07-Jan-2019 , 09:13:48 am | Posted By CASANSAAR

With growth in direct tax collections sluggish, the CBDT has directed income tax department officials to “maximise” their efforts and conduct targeted surveys and file court cases against those who wilfully evade taxes. CBDT Chairman Sushil Chandra has shot off a letter to all Princip...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 108

No TDS on interest income up to Rs 50,000 in case of senior citizens - CBDT
Posted Date : 09-Dec-2018 , 01:04:08 pm | Posted By CASANSAAR

Are you a senior citizen and your bank is still deducting TDS on your interest income which is less than Rs 50,000 in a financial year? Here’s good news for you. The Central Board of Direct Taxes has clarified that in the case of senior citizens, no TDS (tax deducted at source) is required to ...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 788

I-T department working on pre-filled income tax return forms - CBDT
Posted Date : 06-Dec-2018 , 08:25:27 am | Posted By CASANSAAR

Income tax payers will soon get pre-filled ITR forms that will make the process of filing returns easier, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra has said.  The tax department is working on the pre-filled income tax return (ITR) forms which would be based on tax deducted...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 503

CBDT allows taxman to widen certain Limited Scrutiny cases
Posted Date : 30-Nov-2018 , 08:19:20 am | Posted By CASANSAAR

The CBDT has issued a fresh directive on 'limited scrutiny' assessment cases allowing the tax officials to widen the scope of such probes if they receive "credible" information of tax evasion by assessees.  The policy-making body for the Income Tax Department, however, made...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 607

Service charge not distributed to workers by restaurants liable to income tax - CBDT
Posted Date : 23-Nov-2018 , 09:28:12 am | Posted By CASANSAAR

Restaurants and hotels imposing service charge on customers in the name of tips but not passing them full to their employees could court trouble from taxmen. Central Board of Direct Taxes, the apex direct taxes body, has directed its field officials to examine balance sheet and expenditure statement...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 392

3 new members appointed to CBDT
Posted Date : 12-Nov-2018 , 12:04:04 pm | Posted By CASANSAAR

Three IRS officers have been appointed as new members in the CBDT, the policy-making body for the Income Tax (I-T) Department. The officers P K Dash, Akhilesh Ranjan and Neena Kumar, are from the 1982-batch of the Indian Revenue Service (IRS) and have taken charge of their posts in the Central Bo...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 263

Number of crorepatis has risen by 60 pc in India: CBDT
Posted Date : 22-Oct-2018 , 11:08:31 am | Posted By CASANSAAR

The number of taxpayers earning above Rs 1 crore per annum has risen to over 1.40 lakh in the country in the last four years, depicting a growth of about 60 per cent, the Central Board of Direct Taxes (CBDT) said Monday. Releasing key statistics of income tax and direct taxes for a period of abou...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 500

CBDT instructs CCITs to mop up tax collection
Posted Date : 30-Sep-2018 , 10:41:11 pm | Posted By CASANSAAR

Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra chaired a meeting of Chief Commissioners of Income Tax Department (CCITs) posted in various states through video conferencing and asked them to mop up tax collection. Chandra, while speaking to ANI, said that net collection was below ex...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 375

CBDT changes ITR preparation utilities for ITRs and validation rules for ITR 7
Posted Date : 28-Sep-2018 , 08:52:46 am | Posted By CASANSAAR

The Central Board of Direct taxes have revised the Income Tax Return preparation utilities (Excel as well as Java based) for ITR Forms 3,5,6 & 7  wef 27th September 2018. The validation rules for ITR 7 are also revised. Users are advised to download the new utilities and those who use so...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 963

Physical settlement in F&O to attract 0.10% STT - CBDT
Posted Date : 28-Aug-2018 , 10:16:10 pm | Posted By CASANSAAR

Delivery-based or physical settlement in the equity derivatives segment will attract securities transaction tax (STT) of 0.1 per cent, the Central Board of Direct Taxes (CBDT) told the Bombay High Court on Tuesday. The clarification comes after Mumbai-based stock brokers association ANMI dragged ...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 427

CBDT asked to clear ambiguity over STT on physical settlement in F&O
Posted Date : 24-Aug-2018 , 04:26:02 pm | Posted By CASANSAAR

The Bombay High Court today asked the Central Board of Direct Taxes (CBDT) to clear the ambiguity over the securities transactions tax (STT) rate on physical delivery of shares in the equity derivatives segment. A division bench of Justices B R Gavai and M S Karnik was hearing a petition filed by th...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 460

CBDT to scrutinise 0.35% Income Tax returns filed last year
Posted Date : 10-Aug-2018 , 02:06:12 am | Posted By CASANSAAR

Central Board of Direct Taxes Chairman Sushil Chandra said the income tax department picked only 0.35 per cent tax evasion cases for scrutiny of the 68.6-million returns filed for the 2018-19 assessment year. He said the department had faith in the taxpayers, but would not allow evaders to go sco...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 1036

CBDT signs 9 more unilateral APAs with taxpayers in July
Posted Date : 02-Aug-2018 , 08:58:50 am | Posted By CASANSAAR

The Central Board of Direct Taxes (CBDT) has signed nine more unilateral advance pricing agreements (APAs) with Indian taxpayers in July as it looks to reduce litigation by providing certainty in transfer pricing. The nine APAs signed in the past one month pertain to sectors like telecom, healthc...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 760

CBDT instructs Income Tax Dept to add 1.25-cr fresh tax filers this year
Posted Date : 23-Jul-2018 , 10:03:38 am | Posted By CASANSAAR

The Central Board of Direct Taxation (CBDT) has directed the Income Tax Department to add at least 1.25 crore fresh tax filers from across the country - the highest being from Punjab, Haryana, Himachal Pradesh and Jammu and Kashmir - in view of increased economic activities. The directions have b...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 526

CBDT directs tax sleuths to survey, inspect high value transactions
Posted Date : 19-Jul-2018 , 08:27:34 am | Posted By CASANSAAR

Banking companies, co-operative banks, trustees of mutual funds (MFs), post offices, registrars, and others who are mandated to file the statement of financial transaction (SFT) report on high-value transactions have come under the income-tax department’s (I-T) scanner. The Central Board of Di...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 1123

CBDT instructs taxmen to withdraw appeals below threshold
Posted Date : 18-Jul-2018 , 07:49:45 am | Posted By CASANSAAR

Following the government’s move increasing the threshold for appeals filed by the direct taxes department in order to reduce litigation, the Central Board of Direct Taxes (CBDT) on Tuesday directed its field offices to withdraw by August 20 the appeals pending before tribunals and courts that ...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 468

Election Commission writes to CBDT on affidavits
Posted Date : 12-Jul-2018 , 08:19:10 am | Posted By CASANSAAR

The Election Commission has told the Central Board of Direct Taxes (CBDT) to create a uniform format for reporting discrepancies between the assets and liabilities shown by candidates in their affidavits and those declared to the Income-Tax Department.  It plans to make the findings public. ...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 325

Income Tax refunds worth Rs 70,000 crore issued, 99% claims processed - CBDT
Posted Date : 05-Jul-2018 , 09:24:41 am | Posted By CASANSAAR

Income Tax refunds worth over Rs 70,000 crore have been issued to the taxpayers and nearly all refund claims pending as on June-end has been processed, the Central Board of Direct Taxes (CBDT) said today. The Income Tax Department had observed a dedicated fortnight from June 1-15, which was later...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 526

Prompt investigation taking place in fresh series of cases pertaining to Panama Papers
Posted Date : 22-Jun-2018 , 07:56:17 am | Posted By CASANSAAR

Central Board of Direct Taxes(CBDT) today said, prompt investigation is being taken in fresh series of cases pertaining to Panama Papers.  In a release, the Board said, the fresh Panama Papers reveal made in the media is being promptly looked into by the law enforcement agencies under the ae...

Continue Reading...

Category : CBDT | Comments : 0 | Hits : 514

News By Categories

More Categories

Search News

 
 
 

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  GST Calculator

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Contact us
 |   Blog

  |   Sitemap

  |   Income Tax

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon

CASANSAAR Updates

Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.