Central Tax Panel
- All
- News
-
Top Tax Authority CBDT Forms Panel To Review Income Tax Law
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.
-
After Congress Complaint, Poll Panel To Verify Union Minister's Affidavit
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
-
Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
-
15th Finance Commission To Consult All Stakeholders
Panel to seek inputs from central ministries, all state governments, local bodies, panchayats and political parties of each state, said finance ministry.
-
Top 5 Tribunals In India Have Combined Backlog Of Over 3.5 Lakh Cases: Law Panel
The top five central tribunals in the country have a combined backlog of over 3.50 lakh cases with the Income Tax Appellate Tribunal alone having over 91,000 pending matters, says a latest law commission report.
-
70,000 Crores Detected Through Central Schemes: Black Money Panel Member Justice Arijit Pasayat
Black money worth Rs 70,000 crore has been unearthed through different schemes of the government, said Deputy Chairman of the Supreme Court-appointed SIT on black money, Justice Arijit Pasayat today. The sixth report on it will be submitted to the Supreme Court in April.
-
Information Panel Pulls Up Tax Office 'Informer' For Using RTI To Seek Rewards
The Central Information Commission has admonished an RTI applicant who was allegedly seeking information from the Income Tax Department to spot tax evaders and earn rewards for being an "informer".
-
Banning Cash Deals Over Rs 3 Lakh Under Consideration: Central Tax Panel
Government is examining SIT's recommendation of banning cash transactions of over Rs 3 lakh in a bid to clamp down on black money in the economy, CBDT Chairperson Rani Singh Nair said today.
-
Winners And Losers From Passage Of Landmark GST Reform: 10 Facts
The Rajya Sabha backed a major tax reform on Wednesday that seeks to transform the country into a common market, though opposition benches urged Finance Minister Arun Jaitley not to overtax businesses and consumers. A government-appointed panel has suggested a standard goods and services tax (GST) rate of 17-18 per cent but states want a higher lev...
-
Seventh Pay Commission Arrears Soon. How To Claim Tax Relief
In Seventh Pay Commission bonanza, lakhs of central government employees will soon receive higher salaries and arrears in one go. This may result in an increase in the tax slab of many employees as they will receive arrears from January 1, 2016.
-
No Annual Increment for Non-Performing Employees: Pay Panel
Central government employees should not be allowed to earn annual increments if they fail to meet performance criterion, the Seventh Central Pay Commission has recommended even as it sought upgradation of performance benchmark to "very good" from "good".
-
Majority of Provisions of GST Bill Endorsed by Rajya Sabha Panel
Rajya Sabha's Select Committee on Goods and Services Tax (GST) has endorsed almost all of the 21 clauses in the GST Constitution Amendment Bill, which seeks to create a pan-India tax regime and a common market, ending the multiplicity of central and state taxes.
-
10 Points About Goods and Services Tax, Modi Government's Biggest Tax Reform
A parliamentary panel that's examining the crucial Goods and Services Tax or GST bill has wrapped up its work and is likely to submit its report to the Rajya Sabha next week. The bill seeks to create a pan-India tax regime and a common market, ending the multiplicity of central and state taxes.
-
Finance Ministry Sets Up Panel to Hear Industry's Tax Issues
The Finance Ministry on Wednesday set up a high level committee to interact with trade and industry on tax-related issues on a regular basis and ascertain areas where clarity in tax laws is required.
-
PM sets up panel to review taxation of development centres, IT sector
The panel will be headed by former Central Board of Direct Taxes chairman N. Rangachary.
-
Top Tax Authority CBDT Forms Panel To Review Income Tax Law
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.
-
After Congress Complaint, Poll Panel To Verify Union Minister's Affidavit
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
-
Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
-
15th Finance Commission To Consult All Stakeholders
Panel to seek inputs from central ministries, all state governments, local bodies, panchayats and political parties of each state, said finance ministry.
-
Top 5 Tribunals In India Have Combined Backlog Of Over 3.5 Lakh Cases: Law Panel
The top five central tribunals in the country have a combined backlog of over 3.50 lakh cases with the Income Tax Appellate Tribunal alone having over 91,000 pending matters, says a latest law commission report.
-
70,000 Crores Detected Through Central Schemes: Black Money Panel Member Justice Arijit Pasayat
Black money worth Rs 70,000 crore has been unearthed through different schemes of the government, said Deputy Chairman of the Supreme Court-appointed SIT on black money, Justice Arijit Pasayat today. The sixth report on it will be submitted to the Supreme Court in April.
-
Information Panel Pulls Up Tax Office 'Informer' For Using RTI To Seek Rewards
The Central Information Commission has admonished an RTI applicant who was allegedly seeking information from the Income Tax Department to spot tax evaders and earn rewards for being an "informer".
-
Banning Cash Deals Over Rs 3 Lakh Under Consideration: Central Tax Panel
Government is examining SIT's recommendation of banning cash transactions of over Rs 3 lakh in a bid to clamp down on black money in the economy, CBDT Chairperson Rani Singh Nair said today.
-
Winners And Losers From Passage Of Landmark GST Reform: 10 Facts
The Rajya Sabha backed a major tax reform on Wednesday that seeks to transform the country into a common market, though opposition benches urged Finance Minister Arun Jaitley not to overtax businesses and consumers. A government-appointed panel has suggested a standard goods and services tax (GST) rate of 17-18 per cent but states want a higher lev...
-
Seventh Pay Commission Arrears Soon. How To Claim Tax Relief
In Seventh Pay Commission bonanza, lakhs of central government employees will soon receive higher salaries and arrears in one go. This may result in an increase in the tax slab of many employees as they will receive arrears from January 1, 2016.
-
No Annual Increment for Non-Performing Employees: Pay Panel
Central government employees should not be allowed to earn annual increments if they fail to meet performance criterion, the Seventh Central Pay Commission has recommended even as it sought upgradation of performance benchmark to "very good" from "good".
-
Majority of Provisions of GST Bill Endorsed by Rajya Sabha Panel
Rajya Sabha's Select Committee on Goods and Services Tax (GST) has endorsed almost all of the 21 clauses in the GST Constitution Amendment Bill, which seeks to create a pan-India tax regime and a common market, ending the multiplicity of central and state taxes.
-
10 Points About Goods and Services Tax, Modi Government's Biggest Tax Reform
A parliamentary panel that's examining the crucial Goods and Services Tax or GST bill has wrapped up its work and is likely to submit its report to the Rajya Sabha next week. The bill seeks to create a pan-India tax regime and a common market, ending the multiplicity of central and state taxes.
-
Finance Ministry Sets Up Panel to Hear Industry's Tax Issues
The Finance Ministry on Wednesday set up a high level committee to interact with trade and industry on tax-related issues on a regular basis and ascertain areas where clarity in tax laws is required.
-
PM sets up panel to review taxation of development centres, IT sector
The panel will be headed by former Central Board of Direct Taxes chairman N. Rangachary.
