The Latest Breaking News from CBDT

CBDT claims Huawei manipulated account books to reduce taxable income in India

NEW DELHI: The income tax (I-T) department has found alleged manipulation of account books for reducing taxable income in India by Chinese telecom company Huawei whom it raided recently, sources said on Thursday.

The Times of India · Mar 3, 2022

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

The Hindu · Feb 13, 2022

Around 6.17 crore ITRs, 19 lakh audit reports filed on new I-T portal: CBDT

NEW DELHI: The income tax department on Monday said around 6.17 crore I-T returns and about 19 lakh tax audit reports (TARs) have been filed on the new I-T e-filing portal in eight months since its launch.

The Times of India · Feb 7, 2022