Central Board of Direct Taxes (CBDT)
I-T department refunds ₹62,000 crore to 20 lakh taxpayers
The income tax department has issued tax refunds at a speed of 76 cases per minute from April 8 to June 30, 2020
Indian government brushes off proposal to impose coronavirus tax on super rich
Some 50 officers of Indian Revenue Service recommended raising highest tax rate to 40% for people with annual income above 10 million rupees
I-T revises return forms to enable taxpayers avail benefits of timeline extension
The new income tax returns forms will be notified by the month-end and return filing utility would be available by May 31
Crorepati count up 60 per cent in 3 years, shows tax data
Average declared income rises 19% during the period.
India's crorepati count up at 81,000; expands 68 per cent in 3 years: CBDT
The policy-making body of the IT department said the total number of crorepati taxpayers has also seen a growth of about 60 per cent.
Monitor I-T dept closely
The department even failed to utilise the special drive launched to resolve taxpayers’ grievances.
CBDT asks I-T dept to impose 'higher tax rate' on fraud revised ITRs
The idea behind the directive is that the provision of filing revised ITR is not misused and black income is not shown as white.
Benami assets: I-T department scanning profiles of property registered
The top boss of the I-T department said that till now, the taxman has attached 621 properties.
L&T Infotech bags USD 100 million contract to help pin down tax evaders
The project will involve creating a 'semantic web' that will track people's social media accounts.
Companies may have to furnish Apr-Sept income estimates to I-T dept
Also, businesses have to specify reason for any reduction in advance tax payment compared to preceding financial year.