Newsroom24x7 Network New Delhi: Central Board of Direct Taxes (CBDT) said on Tuesday, 16 July 2019, that no changes have been made in any of the Income-tax Return (ITR) forms including ITR-2 and ITR-3 since the notification issued on 1… Read More ›
CBDT
Investigations have led to detection of more than Rs. 11000 crore of credits in undisclosed foreign accounts: CBDT
Newsroom24x7 Network New Delhi: In the offshore accounts linked to around 700 Indian persons, as revealed by International Consortium of Investigative Journalists (ICIJ) from April 2013 onwards, sustained investigations conducted in these cases have led to detection of more than… Read More ›
GoI transfers and postings this week: Aditya Vikram and PC Mody are CBDT Members
Newsroom24x7 Network New Delhi: Aditya Vikram, IRS (IT-81) has been appointed as Member, Central Board of Direct Taxes (CBDT). Also appointed with him as Member CBDT is Pramod Chandra Mody IRS (IT-82). The Department of Personnel and Training issued their appointment… Read More ›
CBDT warns Assessing Officers against expanding the scope of limited scrutiny in arbitrary manner
Newsroom24x7 Network New Delhi: Instances where the scope of limited scrutiny has been expanded by assessing officers of the Income Tax Department without going through the due process have been viewed very seriously by CBDT. A CBDT memo of 30… Read More ›
Date for filing of Income Tax Returns extended till August 5
Newsroom24x7 Staff CBDT has extended the due date for filing Income Tax Returns from 31 July 2017 to 5 August 2017 The Linking of PAN with Aadhaar can be done subsequently, but anytime before 31 August 2017 New Delhi: In order… Read More ›
Implementation of GST: Why involve a Private Limited Company in a Sovereign Function?
Lalit Shastri The directive by Union Finance Ministry to the Central Board of Excise and Customs (CBEC) and Central Board of Direct Taxes (CBDT) to share data with Goods and Services Tax Network (GSTN) – a Section 25 non-Government, not-for-profit Pvt Ltd… Read More ›
What ails India’s Income Tax Department
Lalit Shastri There is a general perception among the masses that the Income Tax department, has largely failed, along with other enforcement agencies, to curb the menace of black money and come down heavily against those involved in money laundering -an activity… Read More ›
Direct Taxes: Income Tax Depatment’s working comes under scrutiny
Newsroom24x7 Staff New Delhi: Government of India is finding itself in a right corner due to lack of performance by field officers in collection of direct taxes during the current fiscal ending March 31, 2016. The heat is on Central… Read More ›
