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Friday, August 15, 2025
TopicCBDT

Topic: CBDT

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

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

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

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

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

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

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

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

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

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’

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.

On Camera

Trump is swinging on Russia again. What this means for Europe’s security architecture

The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

President awards 1st set of Sarvottam Yudh Seva medals since Kargil, 7 honoured for leading Op Sindoor

This year, the Indian Air Force received four of the seven awards, followed by the Indian Army with two medals, and the Indian Navy with one. 

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.