Page 20 - Cbdt

CBDT assurance to SMEs over reopening of cases

The income tax department has sought to allay fears of companies over reopening of earlier cases

CBDT urges people to protect bank accounts from 'unscrupulous elements'

The notification came after tax investigations unearthed the misuse of Jan dhan Accounts

Ensure timely inspections in I-T department: CBDT to taxman

Tax department have not been up to the mark in the recent past as inspections and reviews are important preventive vigilance functions

CBDT asks taxmen to ensure revenue collection targets are met

Direct tax collections till September grew about 9% to Rs 3.27 lakh crore

CBDT issues final rules for taxing share buy back by companies

The rules take effect from June 1, 2016

Submit monthly data of appeals disposed of: CBDT to officers

CBDT has also asked CITs (A) to upload the data of all the appeals pending before them as on February 29, 2016

Sushil Chandra to be the next CBDT chief

IIT graduate Chandra's tenure will last till May next year

CBDT extends working hours for Income Tax declaration scheme on 30th September

Declarations can be made online as well in printed copies of the prescribed form up to midnight on 30th

CBDT launches online 'nivaran' to resolve I-T grievances

People who do not have a PAN but have some problem in connection with their IT case can also use the e-nivaran facility

Govt mulls ban on cash deals of over ~3 lakh: CBDT chief

CBDT Chairperson Rani Singh Nair also favours the proposal to advance the presentation of Union Budget to January

CBDT signs advance pricing agreement with Japanese firm

To provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing

CBDT to come up with FAQs for settling tax litigation

CBDT will also launch a massive publicity drive to make the Dispute Resolution Scheme a success

Rani Nair set to be new CBDT Chairperson

Nair has been instrumental in framing the procedures and protocols that led to the roll out of the IDS

Revenue officers seek autonomy for CBDT

The association also raised the issue of disparity in impanelment and asked the FM to ensure parity of IRS with IAS

Give importance, respect to CBDT: IRS officers body to FM

IRS association asked finance minister to ensure autonomy for CBDT and parity with joint secretary level

Revenue department, IRS officers at loggerheads

Formal resolution against revenue secretary for disciplinary rap on Income Tax officer; department livid and Jaitley issues warning on breach of conduct rules

Tax collected at source to be levied above Rs 2 lakh only if payment in cash: CBDT

A fresh circular has been issued by the Board to clarify the issue with regard to applicability of the provisions to levy TCS

CBDT notifies foreign tax credit rules

Taxpayers claiming FTC shall now be required to file a Statement of Income from a foreign country with details of tax paid in the prescribed Form 67

Cutting down on tax-related litigation: An uphill task for the CBDT

However, the board needs to keep clarifying its position to bring in more transparency in tax administration

No TCS on sale of cars exceeding Rs 10 lakh to govt dept: CBDT

Levy will also not apply to purchase of vehicles by institutions notified under the UN privileges Act and High Commissions and Embassies