scorecardresearch
Thursday, March 28, 2024
TopicCentral Board of Direct Taxes (CBDT)

Topic: Central Board of Direct Taxes (CBDT)

Income tax refunds worth Rs 92,961 crore issued to 63.23 lakh taxpayers in 2021-22

The figure includes income tax refunds of Rs 23,026 crore in 61,53,231 cases and corporate tax refunds of Rs 69,934 crore in 1,69,355 cases, an official Twitter post said.

CBDT extends due dates under Direct Tax ‘Vivad se Vishwas’ Act, 2020 till 30 September

Considering the difficulties being faced in issuing and amending Form no 3—which is a prerequisite for making payment by the declarant - the last date has been extended, CBDT 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 examining Cairn retrospective tax order, law of the time has to be carried out—CBDT chief

P.C. Mody says govt has already appealed international tribunal order in Vodafone retrospective tax case, and will soon decide whether to appeal Cairn verdict too.

Shivraj govt in a bind as ex-Congress MLAs named in MP ‘poll cash’ case are now in BJP

EC order is based on CBDT report that names several ex-Congress MLAs who defected to the BJP, including two cabinet ministers. MP govt to speak to EC in first week of January.

Chinese national arrested now for ‘running hawala network’ was held for spying in 2018

According to officials of Central Board of Direct Taxes, Luo Sang was using 8-10 bank accounts and represented fake Chinese companies in hawala operations worth Rs 300 crore.

PM Modi to launch direct tax reforms platform, ‘Transparent Taxation – Honouring the Honest’

The virtual event, to be held Thursday, will be witnessed by various chambers of commerce, trade associations, chartered accountants' associations and 'eminent' taxpayers.

I-T Return forms being revised to accommodate timeline extension due to Covid-19 crisis: CBDT

Surabhi Ahluwalia, Official Spokespersons of CBDT, said the return filing utility will be made available by 31 May, 2020, to avail benefits for FY 2019-20.

Modi govt message to taxmen — ensure 100% targets are met, or forget good postings

Modi govt wants to earn Rs 2 lakh crore from ‘Vivaad Se Vishwas’ scheme for disputed tax cases, and has told field officers their appraisals will depend on it.

LIC to tax charter: Budget 2020 wants India in the big league, but offers mere quick fixes

Modi govt’s Budget identifies key reform areas, but a mere window dressing won’t get desired results. There is clear need for deep structural reforms.

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.