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The Latest Breaking News from CBDT

Decoding the Adani-Hindenburg judgment

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

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

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.

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

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.

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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%…

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%.

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

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.

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Explained | Decoding the expert committee report on Adani

Explained | Decoding the expert committee report on Adani

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

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

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

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

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

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

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.

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

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

IRS officer Nitin Gupta appointed new CBDT chairman

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.

Bureaucracy: Nitin Gupta appointed as Chairman CBDT

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:

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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.

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

Reforms in I-T dept, 'strengthening' of economy led to record tax collections: CBDT Chairman

Reforms undertaken by the Government within the Income Tax department and the “strengthening” of the Indian economy are among the major factors that led to the highest-ever direct tax collections in the country, which stand at over ₹13.63 lakh crore, CBDT Chairman J.B. Mohapatra has said.

Nirmala Sitharaman raps CBDT and CBIC for not addressing tax assessees grievances

The Finance Minister directed the boards to tell the tax assessees where the glitches were and if there was a policy tweak required

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No crypto asset investors dispute taxability of profits: J.B. Mohapatra

CBDT Chairperson J.B. Mohapatra says some investors showed crypto asset surpluses as capital gains, some as income from business or income from other sources

Crypto Tax Doesn't Legalize Trading: Indian Tax Department Chief

The head of the Central Board of Direct Taxes (CBDT) in India said the recent announcement of a 30% tax on crypto holdings doesn’t necessarily make the crypto trade legal in India.

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