Select committee on I-T bill to hear CBDT, submit recommendations in monsoon session
The Central Board of Direct Taxes is preparing a detailed, chapter-wise presentation on the proposed bill to present before ...
CBDT’s nudge leads to disclosure of over ₹29,000 crore of foreign assets
India has been receiving details of assets and income parked abroad by Indians under different information-sharing frameworks ...
Tribunal directs CBDT to overhaul transfer policy within 6 months
The battle against this open discrimination was taken up by a group of Group C and D employees -- inspectors, stenographers, and tax assistants -- who found themselves shackled by an unfair rule.
Tax Guru2d
CBDT notifies Power Finance Corp Zero Coupon Bond under section 2(48)
The Ministry of Finance has specified the “Ten Year Zero Coupon Bond of Power Finance Corporation Ltd.” as a zero coupon bond under clause (48) of section 2 of the Income-tax Act, 1961. The bond has a ...
Rediff.com7d
CBDT Uncovers Rs 290 Bn Foreign Assets
India received financial information from over 108 countries regarding foreign accounts and income in the form of interest ...
Devdiscourse7d
CBDT's trust first approach yields significant result, 30,161 taxpayers declare foreign assets worth more than Rs 29,000 crore
The Central Board of Direct Taxes (CBDT) "nudging campaign" has yielded significant results with 30,161 taxpayers declaring ...
Rediff Money7d
CBDT Nudge Campaign: Over 30k Taxpayers Declare Foreign Assets Worth Rs 30,300 Cr
The CBDT's nudge campaign has resulted in over 30,000 taxpayers declaring additional foreign assets and income worth Rs ...
Taxpayers disclose foreign assets worth Rs 29,000cr, foreign income of Rs 1,089cr
The Central Board of Direct Taxes (CBDT) launched a compliance-cum-awareness campaign, aimed at encouraging voluntary ...
Tax Guru1d
Satyam Case: Telangana HC Orders Exclusion of Fictitious Income
Satyam Computer Services Limited Vs Central Board of Direct Taxes (Telangana High Court) Satyam Computer Services Limited, ...
Hindustan Times1d
Tribunal directs CBDT to overhaul transfer policy within 6 months
In an order passed on March 4, the country’s apex administrative tribunal has directed the CBDT chairman to overhaul this arbitrary and unjust system within six months and formulate a “prudent ...
CBDT campaign leads to disclosure of over Rs 29,000 crore foreign assets
As a result of this campaign, 6,734 taxpayers also revised their residential status from resident to non-resident ...
rediff.com6d
CBDT Uncovers Rs 290 Bn Foreign Assets
In September last year, India received financial information from over 108 countries regarding foreign accounts and income in the form of interest and dividend earned outside India. Kindly note ...