Central Board of Direct Taxes
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.
Tax returns filed up 50 per cent
The CBDT has also sent out two crore SMS to people who had not filed returns or those whose income did not match with their filings.
Govt to soon honour consistent taxpayers, policy proposal in works
An ambitious policy is in the pipeline to 'facilitate' honest taxpayers in availing a variety of public services on priority.
Gross direct tax collection grows 16.7 pc to Rs 5.47 lakh crore in Apr-Sept
The Central Board of Direct Taxes has collected Rs 2.10 lakh crore as advance tax.
Govt extends deadline for filing I-T Return, audit report till October 15
However, there shall be no extension of the due date for the purpose of section 234A (Explanation 1) of the I-T Act, 1961.
Election Commission warns AAP of action over discrepancies in fund reports
Party says notice ‘poor interpretation’ of basic accounting practices.
Only 0.35 pc of I-T returns filed last year to be scrutinised: CBDT
Sushil Chandra said that the department has faith on the income tax payers.
CBDT signs nine Unilateral Advance Pricing Agreements in July
Issues like capacity utilisation adjustment; treatment of AMP expenses and others have been carefully examined and resolved.
New deadline to file tax returns
The law of levying late filing fees under was introduced in the Union Budget 2017 and became effective for FY18.