Central Board Of Direct Taxes Cbdt

An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global practices to simplify it for taxpayers for better compliance, CBDT chief Ravi Agrawal has said.

Ravi Agrawal, a 1988-batch IRS officer, has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT), the administrative body for the Income Tax Department.

Lok Sabha elections 2024: The ECI has directed the CBDT to verify potential mismatch - between actual and declared assets, and income - in affidavits filed by the BJP's Rajeev Chandrasekhar ahead of his candidature for the Lok Sabha el

In the run-up to the assembly elections in five states, the Income Tax department has seized more unexplained cash as compared to elections held in those states earlier, CBDT (Central Board of Direct Taxation) chairman Nitin Gupta said on Wednesday.

The Income Tax Department on Friday proposed to exempt Sebi-registered FPIs, pension funds and SWFs from the purview of angel tax.

The income tax department has detected alleged black income of more than Rs 40 crore after it recently raided a West Bengal-based group "controlled" by a person with an active political background, the CBDT said Tuesday.

The Income-tax department has detected "bogus"expenditure and alleged financial irregularities worth Rs1,000 crore after it raided some cooperative banks in poll-bound Karnataka sometime ago, the CBDT (Central Board of Direct Taxes) said today.

PAN card and Aadhaar linking deadline has been extended till 30 June, the Central Board of Direct Taxes (CBDT) said in a notification today. The new deadline will offer some more time for taxpayers to link their PAN and Aadhaar. The earlier deadline was ending on March 31.

The Central Board of Direct Taxes (CBDT), through a notification dated February 10, has notified ITR forms 1-6, ITR-V (verification form) and ITR acknowledgement form.

Central Board of Direct Taxes (CBDT) chairman Nitin Gupta has said that he expects at least 50-66 per cent (two-thirds) of the taxpayers to switch over to the new tax regime in the next financial year itself.

The Central Board of Direct Taxes (CBDT) had in July made it mandatory for non-resident taxpayers to file Form 10F electronically to claim benefit of lower Tax Deducted at Source (TDS).

Gross tax collections this year are 38 per cent higher when compared with the previous year, Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said on Friday.

The Income-tax department has detected black income of more than Rs 150 crore after it raided several business groups who run hospitals in Haryana and Delhi-NCR, the Central Board of Direct Taxes said Wednesday.

Prompt redressal of taxpayers' grievances remains the top priority for the tax department, the newly appointed chairman of Central Board of Direct Taxes (CBDT) Nitin Gupta said on Sunday.

Indian Revenue Service (IRS) officer Nitin Gupta has been appointed as the new CBDT chairman, a recent government order said.

An internal committee of the Income Tax Department will review the 1961 direct tax law to eliminate redundant clauses as well as adopt best global practices to simplify it for taxpayers for better compliance, CBDT chief Ravi Agrawal has said.

Ravi Agrawal, a 1988-batch IRS officer, has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT), the administrative body for the Income Tax Department.

Lok Sabha elections 2024: The ECI has directed the CBDT to verify potential mismatch - between actual and declared assets, and income - in affidavits filed by the BJP's Rajeev Chandrasekhar ahead of his candidature for the Lok Sabha el

In the run-up to the assembly elections in five states, the Income Tax department has seized more unexplained cash as compared to elections held in those states earlier, CBDT (Central Board of Direct Taxation) chairman Nitin Gupta said on Wednesday.

The Income Tax Department on Friday proposed to exempt Sebi-registered FPIs, pension funds and SWFs from the purview of angel tax.

The income tax department has detected alleged black income of more than Rs 40 crore after it recently raided a West Bengal-based group "controlled" by a person with an active political background, the CBDT said Tuesday.

The Income-tax department has detected "bogus"expenditure and alleged financial irregularities worth Rs1,000 crore after it raided some cooperative banks in poll-bound Karnataka sometime ago, the CBDT (Central Board of Direct Taxes) said today.

PAN card and Aadhaar linking deadline has been extended till 30 June, the Central Board of Direct Taxes (CBDT) said in a notification today. The new deadline will offer some more time for taxpayers to link their PAN and Aadhaar. The earlier deadline was ending on March 31.

The Central Board of Direct Taxes (CBDT), through a notification dated February 10, has notified ITR forms 1-6, ITR-V (verification form) and ITR acknowledgement form.

Central Board of Direct Taxes (CBDT) chairman Nitin Gupta has said that he expects at least 50-66 per cent (two-thirds) of the taxpayers to switch over to the new tax regime in the next financial year itself.

The Central Board of Direct Taxes (CBDT) had in July made it mandatory for non-resident taxpayers to file Form 10F electronically to claim benefit of lower Tax Deducted at Source (TDS).

Gross tax collections this year are 38 per cent higher when compared with the previous year, Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said on Friday.

The Income-tax department has detected black income of more than Rs 150 crore after it raided several business groups who run hospitals in Haryana and Delhi-NCR, the Central Board of Direct Taxes said Wednesday.

Prompt redressal of taxpayers' grievances remains the top priority for the tax department, the newly appointed chairman of Central Board of Direct Taxes (CBDT) Nitin Gupta said on Sunday.

Indian Revenue Service (IRS) officer Nitin Gupta has been appointed as the new CBDT chairman, a recent government order said.