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Monday, July 21, 2025
TopicCBDT

Topic: CBDT

Central Board of Direct Taxes pushes deadline for filing audit reports of FY24 from September 30 to October 7

ANI -
Decision was made considering the challenges taxpayers and other stakeholders faced in submitting reports electronically, says CBDT circular.

At 6.11%, India’s direct tax-to-GDP ratio in FY23 highest in 15 years, cost of collection down

Yuthika Bhargava -
Data released by Central Board of Direct Taxes shows India’s direct tax collections have been rising strongly over the past decade, as has number of those filing returns and actually paying tax.

‘Fictitious transactions’ of Rs 2,200 cr detected, CBDT claims after Dainik Bhaskar raids

PTI -
Searches launched on 22 July in 9 cities are 'continuing and further investigations are in progress', the Central Board of Direct Taxes said.

CBDT detects Rs 880 crore concealed income after survey of Bengaluru service company

PTI -
Quess Corp Limited has refuted the charges of concealment of income and said that it was extending full cooperation to the department.

Govt extends deadline for filing income tax returns to 30 September

PTI -
The Central Board of Direct Taxes, citing pandemic as the reason for the extension, also deferred the ITR filing deadline for companies till 30 November.

What series of extensions for CBDT chairpersons under Modi govt means

ThePrint Team -
Pre-Truth — snappy, witty and significant snippets from the world of politics and government.

CBI books expelled I-T officer S.K. Srivastava for cheating, fraud, passing backdated orders

Ananya Bhardwaj -
Thirteen locations associated with S.K. Srivastava were raided by the CBI, and jewellery, watches and cash were recovered.

CAT transfers official who stayed Modi govt’s move to compulsorily retire IRS officer

Remya Nair -
A.K. Patnaik stayed the compulsory retirement of IRS official G. Shree Harsha on 25 June. He was transferred just a day later to Karnataka.

Modi govt has reduced recruitment of IRS officers by over 70% since 2014

Sanya Dhingra -
In 2013, 409 IRS officers were recruited through the UPSC exam. By 2018, the number of posts released by the Modi govt stood at 106.

Modi govt wants to bring back ‘Raid Raj’, tells taxmen to ‘use whatsoever means required’

Maneesh Chhibber -
The PMO has ordered taxmen to fill the revenue shortfall, which could only mean one thing: More surveys and pressure to deposit more advance tax.
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Opinion

India’s TRP ecosystem needs a reset. Time to end BARC monopoly

Varun Ramdas -
A ratings monopoly in India has led to lack of technological variation, resulting in sluggish systems detached from market dynamics.

Chandrababu Naidu is dreaming new dreams at 75. What other CMs are missing

+TFP

What India can learn from Israel about atmanirbharta in defence

Economy

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Keshav Padmanabhan -
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Defence

Not just AK-203, India & Russia to jointly manufacture AK-19 and PPK-20 for domestic use and export 

Snehesh Alex Philip -
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.

National Interest

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Shekhar Gupta -
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.

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