CBDT
Par panel seeks action against IT officers
The Public Accounts Committee,while assessing the pharmaceutical sector found lapses in 36 cases in seven states.
P C Mody takes charge as new CBDT chief
Mody belongs to the Indian Revenue Service (batch 1981) and takes over from Chandra, who has been appointed as an Election Commissioner.
Linking Aadhaar-PAN is mandatory for tax filers; to be completed by Mar 31: CBDT
The Supreme Court on February 6 had confirmed that linkage of PAN with Aadhaar is mandatory for filing of ITRs.
CBDT clarifies stance on recovery of Rs 36 lakhs from start-up
The assessing officer made the addition after issuing proper show-cause notice and obtaining reply in the matter.
Only 1.5 lakh persons declared income above Rs 1 crore
Above 1.5 lakh persons have declared their annual income over Rs 1 crore till now during in the assessment year 2018-19: Sushil Chandra.
Just 23 crore PAN cards linked with Aadhaar ahead of Mar 31 deadline
Income Tax department has so far issued 42 crore PAN, of which 23 crore have been linked with Aadhaar.
I-T Dept to soon decide on startups to be exempt from angel tax
Startups will have to provide account details and return of income for last three years.
CBDT pulls out circular to avoid its use in Herald case
Circular spelt big relief in cases where fresh capital has been issued to a company.
I-T dept withdraws circular on transfer of shares for 'no or inadequate consideration'
The Congress party had welcomed the December 31 circular of the CBDT.
Panel to redraft direct tax laws to focus on simplification
The recommendations of the panel is likely to be included in the final budget for 2019-20.