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Thursday, March 28, 2024
TopicCBDT

Topic: CBDT

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.

Central Board of Direct Taxes wants income tax department to step up collection efforts

The CBDT chairman has shot off a letter to all principal chief commissioners of income tax department asking them to step up efforts.

On Camera

Social media has made news more graphic. Torture by Russian military is latest example

Before social media, depiction of violence on news was the exception—graphic visuals were either not shown on TV or in newspapers or the images were blurred. This is no longer the case.

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.