Tuesday, Nov 29, 2022

Central Board of Direct Taxes

CENTRAL BOARD OF DIRECT TAXES NEWS

Express 2013 list yields undeclared Rs 500 cr; CBDT says 546 Indians identified

May 04, 2016 5:11 am

The information was sought in the wake of an April 2013 investigation by The Indian Express-International Consortium of Investigative Journalists on investments by Indians in offshore entities in tax havens.

CBDT resolves Rs 5,000 cr tax disputes under MAP

February 17, 2016 1:45 am

The countries with which cases have been resolved are the US, Japan, UK and China. MAP is an alternative dispute resolution mechanism .

Chasing hawala trail, I-T seizes Rs 50 cr from Kolkata, Siliguri

September 25, 2015 3:07 am

A highly-placed Kolkata police officer said various teams, consisting of members of STF and its anti-bank fraud section, helped the tax department sleuths conduct the raids at five places in Kolkata.

Tax-free bond: NHAI, 6 more PSUs to raise Rs 40K crore

July 09, 2015 12:00 am

NTPC, Power Finance Corporation and Rural Electrification Corporation (REC) can issue tax-free bonds worth Rs 1,000 crore each.

CBDT to staff: Curb frivolous appeals

July 09, 2015 12:00 am

In an order issued on July 3, the board said that the significance of filing appeal and “pursuing litigation only in deserving cases cannot be over-emphasized.

Tailoring a non-adversarial tax regime

June 23, 2015 3:04 am

Even as the finance ministry rolled into action to pacify some 1,000 FIIs across the US, Hong Kong and Singapore, another crisis was in the making.

FIIs get another small dose of relief, fresh tax notices on hold

May 12, 2015 3:21 am

The announcement marks an attempt to defuse the raging controversy over MAT payouts, which has dented the outlook of foreign institutional investors toward the country’s stock and bond markets.

Overseas sale of assets may not be taxed in India anymore

January 21, 2015 4:05 am

Ministry is also considering whether business restructuring done abroad can be excluded from the retrospective amendments relating to indirect transfers.

29,000 tax defaulters owe Rs 3,770 cr

October 08, 2012 10:03 pm

The Income Tax Department had received 1.64 crore e-returns in 2011-12 financial year.