Breaking the glass ceiling in India’s tax administration
August 6th, 2012 - 4:40 pm ICT by IANS
New Delhi, Aug 6 (IANS) Taxman may not be a proper term to use any more, given the gender of the current chairs of the direct and indirect tax administrations: ... Read more...
Posted in Business |
Small mistake can lead to long delays in tax refunds
July 23rd, 2012 - 6:16 pm ICT by IANS
New Delhi, July 23 (IANS) Tax payers should take precautions and avoid small mistakes while filing the returns as it usually leads to long delays in refunds, experts said.Delay in ... Read more...
Posted in Business |
Comments invited on new tax rules, PM to take final call (Second lead)
June 29th, 2012 - 6:07 pm ICT by IANS
New Delhi, June 29 (IANS) The government Friday issued draft guidelines on the General Anti Avoidance Rules (GAAR), inviting comments from different stakeholders and clarified that Prime Minister Manmohan ... Read more...
Posted in Business |
Govt invites comments on GAAR, PM to take final call (Lead)
June 29th, 2012 - 3:53 pm ICT by IANS
New Delhi, June 29 (IANS) The government Friday issued draft guidelines on the general anti-avoidance rules (GAAR), inviting comments from different stakeholders and clarified that Prime Minister Manmohan Singh ... Read more...
Posted in Business |
Tax cases settled before April 1 won’t be reopened: Mukherjee
May 30th, 2012 - 5:19 pm ICT by IANS
New Delhi, May 30 (IANS) In a bid to soothe investors' concerns over retrospective amendments to tax laws, Finance Minister Pranab Mukherjee Wednesday said the government would not reopen ... Read more...
Posted in Business |
Vodafone was told about tax liability in Hutchison deal
May 2nd, 2012 - 6:52 pm ICT by IANS
New Delhi, May 2 (IANS) The Indian government Wednesday said Vodafone Plc was duly informed about its tax liability in the $11.2 billion acquisition of Hutchison's stake in Hutchison-Essar ... Read more...
Posted in Business |
Income Tax offices to remain open Saturday
March 30th, 2012 - 8:36 pm ICT by IANS
New Delhi, March 30 (IANS) Income Tax offices across the country will remain open Saturday, March 31, the last day of the current financial year, to facilitate filing of income ... Read more...
Posted in Business |
Cash, jewellery worth Rs.11.61 crore seized from Ponty Chadha
February 16th, 2012 - 6:56 pm ICT by IANS
New Delhi, Feb 16 (IANS) The Central Board of Direct Taxes (CBDT) has seized cash, jewellery and fixed deposits worth Rs.11.61 crore in raids on the properties of liquor baron ... Read more...
Posted in Business |
Tax sleuths to verify high-value transactions
January 18th, 2012 - 9:11 pm ICT by IANS
New Delhi, Jan 18 (IANS) The Indian government will run a special drive from Jan 20 to March 20 to verify high-value transactions including investments, deposits and expenditure in a ... Read more...
Posted in Business |
CBDT denies summons issued to MPs on funds abroad
November 1st, 2011 - 11:09 pm ICT by IANS
New Delhi, Nov 1 (IANS) The Central Board of Direct Taxes (CBDT) Tuesday denied that any summons have been issued to MPs over unaccounted wealth in overseas bank accounts ... Read more...
Posted in Uncategorized |
Jan Lokpal bill structured like tax department: Khurshid
October 18th, 2011 - 10:24 pm ICT by IANS
New Delhi, Oct 18 (IANS) Law Minister Salman Khurshid Wednesday said Team Anna's version of the anti-graft Lokpal bill was structured like the Central Board of Direct Taxes (CBDT).Taking ... Read more...
Posted in Uncategorized |
Black money case: Apex court reserves verdict (Lead)
September 1st, 2011 - 11:37 pm ICT by IANS
New Delhi, Sep 1 (IANS) The Supreme Court Thursday reserved its verdict on the maintainability of the central government's application for recall of its July 4 order, by which it ... Read more...
Posted in Business |
300 parties have never filed tax returns: tax panel
July 17th, 2011 - 11:57 pm ICT by IANS
New Delhi, July 17 (IANS) Some 300 Indian political parties have never filed their income tax returns, the Central Board of Direct Taxes (CBDT) has told the Election Commission, official ... Read more...
Posted in Business |
Pranab says no security breach, BJP demands clarification (Lead)
June 22nd, 2011 - 12:17 am ICT by IANS
New Delhi, June 21 (IANS) Finance Minister Pranab Mukherjee Tuesday said that the Intelligence Bureau probed a possible security breach in his office but found "nothing" but the Bharatiya ... Read more...
Posted in Politics |
Panel to suggest ways of seizing black money parked abroad
May 28th, 2011 - 6:14 pm ICT by IANS
New Delhi, May 28 (IANS) Under pressure from the Supreme Court on unearthing black money stashed abroad, the government Saturday said it has formed a committee chaired by the Central ... Read more...
Posted in Uncategorized |
Indian tax board to open eight overseas offices
May 17th, 2011 - 9:20 pm ICT by IANS
Chandigarh, May 17 (IANS) In a bid to keep a tab on cross-border money transactions and to curb cases of tax evasions, India's Central Board of Direct Taxes (CBDT) is ... Read more...
Posted in Business |
Tax board targets Rs.530,000 crore collection in 2011-12
May 17th, 2011 - 7:36 pm ICT by IANS
Chandigarh, May 17 (IANS) Enthused by a good tax collection in 2010-11 fiscal, India's Central Board of Direct Taxes has fixed its collection target for 2011-12 at Rs.530,000 crore, its ... Read more...
Posted in Business |
Government may tighten phone tapping norms
April 25th, 2011 - 10:45 pm ICT by IANS
New Delhi, April 25 (IANS) The government is likely to make phone tapping norms more stringent, including prohibiting it for detecting income tax evasions, after recommendations from a panel ... Read more...
Posted in Uncategorized |
Names of 6 money launderers can be disclosed, Supreme Court told
April 15th, 2011 - 9:59 pm ICT by IANS
New Delhi, April 15 (IANS) The Central Board of Direct Taxes (CBDT) Friday told the Supreme Court that the names of the six people, who had laundered money in ... Read more...
Posted in Uncategorized |
IT department freezes accounts of Mahindra Satyam (Lead)
March 22nd, 2011 - 11:49 pm ICT by IANS
Hyderabad, March 22 (IANS) The Income Tax department Tuesday froze the bank accounts of Mahindra Satyam after the software firm failed to pay a tax demand of Rs.616 crore ... Read more...
Posted in Business |
IT department freezes accounts of Mahindra Satyam
March 22nd, 2011 - 8:59 pm ICT by IANS
Hyderabad, March 22 (IANS) The Income Tax department Tuesday froze the bank accounts of Mahindra Satyam after the IT firm failed to pay a tax demand of Rs.616 crore ... Read more...
Posted in Business |
Home Secretary Pillai says ‘I have not seen Niira Radia’s tapes’
December 11th, 2010 - 7:20 pm ICT by ANI
New Delhi, Dec 11 (ANI): Union Home Secretary G K Pillai on Saturday clarified that neither he nor the Ministry of Home Affairs had any access or have any access to the ... Read more...
Posted in National |
Chidambaram says, Direct Taxes Board inquiring into leak of Niira Radia tapes
November 30th, 2010 - 8:12 pm ICT by ANI
Normal
0New Delhi, Nov. 30 (ANI): Home Minister P. Chidambaram said
on Tuesday the Central Board of Direct Taxes (CBDT) is inquiring into alleged
leak of tapes of telephone ... Read more...
Posted in National |
Government orders probe into Radia tape leaks
November 30th, 2010 - 1:00 am ICT by IANS
New Delhi, Nov 29 (IANS) The government Monday ordered a probe into the leaks of conversations between corporate lobbyist Niira Radia and leading businessmen, politicians and journalists.The order on the probe ... Read more...
Posted in Politics |
Home Ministry asks IB, CBDT to probe Radia tape leakages
November 29th, 2010 - 7:56 pm ICT by ANI
New Delhi, Nov.29 (ANI): The Union Home Ministry has asked the Intelligence Bureau and the Central Board of Direct Taxes to probe the leakage of tapes concerning London-based lobbyist Niira Radia.This is ... Read more...
Posted in National |
Central Board of Direct Taxes verifying CWG transactions
August 6th, 2010 - 8:22 pm ICT by ANI
New Delhi, Aug 6 (ANI): In the wake of allegations of corruption in expenses incurred by the Commonwealth Games Organizing Committee, the Chairman of Central Board of Direct Taxes, SSN Moorthy, ... Read more...
Posted in Sports |
School kids to be made aware of importance of taxes
May 11th, 2010 - 6:12 pm ICT by IANS
New Delhi, May 11 (IANS) Catch them young seems to be the new mantra of the tax department which wants to ensure that school children grow up to be earnest tax payers ... Read more...
Posted in Business |
Pranab Mukherjee to inaugurate international seminar on transfer pricing
February 16th, 2010 - 9:59 pm ICT by ANI
New Delhi, Feb 16(ANI): Union Finance Minister Pranab Mukherjee will inaugurate the international seminar on transfer pricing at Vigyan Bhawan, here on Wednesday.Being organized jointly by the Central Board of ... Read more...
Posted in National |
Net tax collections up 3.69 percent this fiscal
October 6th, 2009 - 9:26 pm ICT by IANS
New Delhi, Oct 6 (IANS) Net direct tax collections during the first half this fiscal grew 3.69 percent from the corresponding period last year, the Central Board of Direct Taxes (CBDT) said ... Read more...
Posted in Business |
Pranab Mukherjee assumes charge as Finance Minister
May 25th, 2009 - 4:23 pm ICT by ANI
New Delhi, May 25 (ANI); Pranab Mukherjee on Monday assumed his charge as the new Finance Minister.Mukherjee was welcomed by the Finance Secretary, Revenue Secretary, Expenditure Secretary, Disinvestment Secretary, CEA, Chairman, ... Read more...
Posted in National |
Rush for filing tax returns thins as e-filing gets popular (Lead)
July 31st, 2008 - 6:54 pm ICT by IANS
New Delhi, July 31 (IANS) Thousands of income tax assessees queued up at the special collection centre in the capital Thursday to beat the July 31 deadline for filing returns, but not ... Read more...
Posted in Business |
Rush for tax returns thins as e-filing gets popular
July 31st, 2008 - 5:03 pm ICT by IANS
New Delhi, July 31 (IANS) With barely hours left to beat the July 31 deadline to file income tax returns, thousands of assessees and consultants queued up at the special collection centre ... Read more...
Posted in Business |
Narendra Bahadur Singh is new CBDT chief
July 1st, 2008 - 1:52 pm ICT by ANI
New Delhi, July 1 (ANI): Narendra Bahadur Singh has taken over as chairman of the Central Board of Direct Taxes (CBDT) from June 30.
An officer of the 1971 batch of ... Read more...
Posted in National |
Chidambaram asks Revenue Department to raise tax collections
June 9th, 2008 - 7:18 pm ICT by ANI
New Delhi, June 9 (ANI): Finance Minister P Chidambaram wants the Central Board of Direct Taxes (CBDT) to up the target of tax collections from Rs 3, 65,000 crore estimated in ... Read more...
Posted in Life Style |
Mathoda takes charge as CBDT chairman
May 1st, 2008 - 10:42 pm ICT by admin
New Delhi, May 1, (IANS) Rabender Singh Mathoda, a 1971 batch Indian Revenue Service officer, has taken over as chairman of the Central Board of Direct Taxes (CBDT) with effect from Thursday. ... Read more...
Posted in Business |