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RARE PHOTOS: Cbdt | Vintage Vibes

Supreme Court order on Adani-Hindenburg matter limits inquiries to SEBI, ruling no regulatory failure; verdict raises questions on transparency & justice.

The Hindu

I-T department seizes cash ahead of Assembly elections in five States

I-T dept seizes more unexplained cash in run-up to Assembly elections in five States. CBDT chairman Nitin Gupta said pre-election monitoring of cash and surveillance is intense.

The Hindu

11.5 crore PAN cards deactivated after missing deadline for linking with Aadhaar: RTI reply

For new applicants of PAN card, the Aadhaar-PAN linking is done automatically during the application stage.

The Hindu

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‘Super rich’ incomes’ share ebbing amid middle-class mobility: CBDT

India's tax base has widened since 2013-14, with individuals moving up the income ladder and the proportion of super-rich taxpayers' incomes declining. Number of I-T returns filed by individuals rose from 3.36 crore to 6.37 crore, while the proportion of gross total income of top 1% taxpayers decreased from 15.9%…

The Hindu

Net direct tax collections up 21.8% to ₹9.57 lakh crore

India's direct tax collections rose 21.8%, surpassing over half of Budget estimates. Refunds of up to ₹5,000 not restricted. Tax demands from past being raised, some due to tech shift. 7.27 cr returns filed, 7.15 cr verified. Gross collections up 18%, PIT revenues 29.5%. Net revenues 31.85%.

The Hindu

Govt. extends tenure of CBDT Chairman Nitin Gupta by nine months

The Union Government gave a nine-month extension in service “on contract basis” to CBDT Chairperson Nitin Gupta

The Hindu

Details of unaccounted-for wealth highly classified: Government

National Institute of Public Finance and Policy (NIPFP) refused to reveal information on unaccounted income/wealth inside/outside India, citing economic interest of country.

The Hindu

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Explained | Decoding the expert committee report on Adani

Explaining the expert committee report on Adani which has shown regulatory fault with SEBI

The Hindu

Govt allows non-resident taxpayers to manually file Form 10F till March 31 for claiming TDS benefit

NEW DELHI: The income tax department has allowed non-resident taxpayers not having PAN to file Form 10F manually till March 31, 2023, a move which would ease their compliance burden and enable them to claim lower TDS rate.

The Times of India

Common ITR form for all taxpayers on anvil, I-T dept invites stakeholder comments

MUMBAI: The finance ministry on Tuesday proposed to come out with a user-friendly common income tax return form for all taxpayers, under which income from virtual digital assets will have to be disclosed under a separate head.

The Times of India

Confusion over selecting ITR form may end

NEW DELHI: The government may finally end the confusion over which form to select for filing income tax returns. On Tuesday, the Central Board of Direct Taxes (CBDT) woke up to the need to simplify life of taxpayers and floated a draft for public consultations.

The Times of India

CBDT extends deadline for filing TDS for non-salary transactions till November 30

NEW DELHI: The Central Board of Direct Taxes (CBDT) on Thursday extended the deadline for filing quarterly TDS statement in Form 26Q for the June quarter by a month till November 30.

The Times of India

SBI rejects former CBDT chairman’s claim for his money swindled by scammers

Though the fraudulent transaction was partly frozen, bank refuses to return money citing negligence of customer

The Hindu

SBI rejects CBDT former chairman’s claim of his money being swindled by scammers

Though the fraudulent transaction was partly frozen, bank refuses to return money citing negligence of customer

The Hindu

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The Hindu

I-T Department detects over ₹150 crore black income after raids on Rajasthan group

The Central Board of Direct Taxes said the I-T Department has seized "unaccounted assets" of over ₹11 crore so far. The CBDT frames policy for the Tax Department.

The Hindu

Prompt grievance redressal of taxpayers top priority, says CBDT chairman Nitin Gupta

In his message on the occasion of Income Tax Day, he said the tax department has reported the highest ever tax collection of ₹14.09 lakh crore

The Times of India

Rs 18.5 crore jewellery, Rs 3.5 crore cash seized from realty firms

BENGALURU: Income tax department sleuths on Monday carried out searches at over 40 locations connected to two leading real estate groups of Bengaluru and Hyderabad engaged in construction, educational and hospitality services.

The Hindu

IRS officer Nitin Gupta appointed new CBDT chairman

The CBDT is headed by a Chairman and can have six members who are in the rank of special secretary. It is the administrative body for the Income Tax department.

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Dynamite News

Bureaucracy: Nitin Gupta appointed as Chairman CBDT

The Government of India on Monday appointed IRS Nitin Gupta as chairman of the Central Board of Direct Taxes (CBDT). Read more on Dynamite News:

The Times of India

Onus of deducting TDS primarily rests on crypto exchanges: CBDT FAQ

NEW DELHI: The income tax department on Wednesday said the 1 per cent TDS on transfer of virtual digital assets would be levied on net transaction value and the onus of deducting the tax would primarily be on the exchanges.

The Times of India

Rs 17,000 crore worth GST and excise tax appeals from Hyderabad pending in courts

HYDERABAD: More than Rs 17,000 crore worth GST and customs excise tax appeals from Hyderabad customs excise and GST zone are pending in various courts and tribunals. The appeals are pending before the Supreme Court, Telangana high court and the Customs Excise and Service Tax Appellate Tribunal (CESTAT).

The Times of India

PAN to become inoperative after March 2023 if not linked to Aadhaar

NEW DELHI: The Income Tax (I-T) department on Wednesday said non-linking of PAN with Aadhaar by March 31 would attract penalty of up to Rs 1,000, but such PAN will remain functional for one more year till March 2023, for filing ITR, claiming refunds and other I-T procedures.

The Times of India

PAN-Aadhaar linking deadline on March 31: Know all about process, status check & penalty

NEW DELHI: The last date to link permanent account number (PAN) with the biometric Aadhaar is March 31.

The Hindu

Non-linking of PAN with Aadhaar by March 31 to attract penalty of ₹500-1,000

While PAN is used for various transactions like opening a bank account, purchase of immovable property or proof of identity, inactive PAN will trigger domino effect and individual who have not linked their Aadhaar may face multiple challenges.

The Hindu

Working to improve tax literacy in country for widening taxpayer net: CBDT chairman

Direct tax body will do ‘everything possible’ to enhance the number of taxpayers, he says

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