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Central Board Of Direct Taxes
India  /  Published 16.07.20

How to pluck EC thorn in Modi’s side

The election commissioner who repeatedly dissented against clean chits to Narendra Modi and Amit Shah for their controversial Lok Sabha campaign speeches last year and who was in line to become the ne...
By Pheroze L. Vincent in New Delhi

Business  /  Published 06.07.20

TDS forms seek more disclosures

The income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax. According to the amended form, banks will also have...
By PTI in New Delhi

India  /  Published 22.10.18

Crorepati club just got crowded

The average tax paid by corporate taxpayers has increased from Rs 32.28 lakh in AY 2014-15 to Rs 49.95 lakh in AY 2017-18 (a rise of 54 per cent).There is also an increase of 26 per cent in the averag...
By Our Special Correspondent in New Delhi

Business  /  Published 26.04.20

Tax officers suggest 40% tax on super-rich

A group of senior tax officers has suggested a super-rich tax and a higher levy on foreign companies to keep the cash till running as part of short term measures to help the government fight the coron...
By PTI in Mumbai

India  /  Published 09.04.19

Raid innuendos at play in election season

The politics of raid has moved into the realm of thinly veiled innuendos in the middle of the election season.The income tax department claimed on Monday night it had unearthed a racket that collecte...
By Our bureau and PTI in New Delhi

India  /  Published 28.03.19

Direct tax collection falls short

The Central Board of Direct Taxes has rung alarm bells and has asked the Income Tax Department to go for a major assault as the direct tax collection target remains short of about 15 per cent, with th...
By PTI in New Delhi

India  /  Published 14.01.19

SC gives Centre 6 weeks to reply to notice on PIL against 'snooping'

The Supreme Court on Monday issued notice to the Centre on a plea challenging the notification authorising 10 central agencies to intercept, monitor and decrypt any computer system and sought a respon...
By PTI in New Delhi

Business  /  Published 24.01.20

Bid to pass on dividend tax

The budget could see the shifting of the incidence of the dividend distribution tax from the company to the shareholders, addressing a long standing demand of the industry and which is a continuation ...
By R. Suryamurthy in New Delhi

Business  /  Published 09.05.20

Breather for charitable institutions

The Central Board of Direct Taxes (CBDT) has deferred the new procedure for registration of charitable trusts, funds and institutions that was announced in the Union budget.Through the Finance Act 202...
By A Staff Reporter in Calcutta

Business  /  Published 04.04.20

TDS relief till June 30

The income tax department has allowed individuals to submit Form 15G and 15H for the current fiscal after June 30 for claiming exemption from TDS on interest income. Forms 15G and 15H are filed b...
By PTI in New Delhi


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