CBDT Corner

CBDT constitutes 5-member Working Group for examining taxation aspects of HNIs

CBDT constitutes a five member Working Group for examining taxation aspects of High Net Worth Individuals (‘HNIs’); CBDT acknowledges that

Apr 05,2018

Provisional FY 17-18 figures highlight Rs. 9.95 lakh crore net direct tax collections, 99.49 lakh new ITR filers

The provisional Direct tax collections figures for FY 2017-18 show net collections at Rs.9.95 lakh crore which is 17.1% higher

Apr 03,2018

CBDT sets stringent Q1 KRAs/deadlines for Operation Clean Money, TDS default prosecution cases

CBDT releases interim action plan for first quarter of FY 2018-19; Sets May 31st deadline for issue of Sec. 142(1)/148

Apr 02,2018

CBDT: Announces promotion of over 300 officers as DCIT, CCIT

CBDT promotes 305 Assistant Commissioners of Income-tax (‘ACIT’) as Deputy Commissioner of Income-tax (‘DCIT’) with effect from April 1st or

Apr 02,2018

CBDT : Mandates electronic returns processing, clarifies on returns pushed by CPC to AOs

CBDT clarifies that all returns for AY 2017-18 and onwards have to be processed u/s 143(1) irrespective of the fact

Mar 30,2018

CBDT extends timeline for linking PAN with Aadhaar till June 30th

CBDT extends timeline for linking PAN with Aadhaar till June 30th

Mar 27,2018

CBDT: Income-tax offices to remain open on March 29-31 to facilitate belated / revised returns filing

CBDT declares that all Income tax offices and ASK centers throughout India shall remain open on March 29-31, 2018 to facilitate filing

Mar 26,2018

CBDT invites suggestions from general public on new direct-tax law, issues questionnaire

CBDT invites suggestions and feedback from stakeholders and general public for drafting the new direct tax law; Issues questionnaire covering over

Mar 21,2018

CBDT revises format for Sec 142(1) notices to implement e-assessments

CBDT revises format for issue of notices u/s 142(1)(ii)&(iii), urges all AOs to use the revised format for the cases in e-assessment proceedings;

Mar 21,2018

CBDT raises red flag over 'irregularities' in CIT(A) orders, highlights CCIT's 'vicarious' liability

In an internal instruction issued, CBDT cautions Pr. CCITs / CCITs to conduct regular inspection of the quality and quantity

Mar 08,2018