 | Gross direct tax revenue grows 25 per cent till January 10Gross direct tax collections up to January 10, 2023, rose 24.6% year-on-year to Rs 14.71 lakh crore, as per data from the Central Board of Direct Taxes (CBDT). |
 | CBDT extends deadline for filing TDS for non-salary transactions till Nov 30It includes payments on account of interest on securities, dividends, winning from lotteries and crossword puzzles, rent, interest other than interest on securities, and fees for professional services |
 | FinMin extends ITR filing date for companies till November 7Meanwhile the due date for the companies, which are subject to transfer pricing norms, will remain same as November 30, 2022. |
 | Govt extends deadline for filing tax audit report till October 7Under the income tax act, those taxpayers who need to get their accounts audited by a chartered accountant are required to file the tax audit report with the I-T department by September 30. |
 | CBDT to launch campaign from Octobert 2 to clear pending casesThe Central Board of Direct Taxes (CBDT) will launch a special campaign from 2 October for redressal of taxpayers’ grievances, its chairman Nitin Gupta said on Tuesday. |
 | RBI Board reviews current economic situation, impact of geopolitical crisesThe Board also discussed various areas of operations of the Reserve Bank, including the functioning of the local boards and activities of select central office departments, the central bank said. |
 | I-T department seizes Rs 56 crore cash, Rs 14 crore worth jewellery during raids in MaharashtraThe stash of cash and jewellery was kept in more than 30 accounts of a cooperative bank and inside an undisclosed chamber of a farmhouse. |
 | I-T seizes 'black' assets of over Rs 9 crore after raids on MP mining, liquor groupThe raids were launched on July 14 on the premises of the group located in the state and some in Mumbai. |
 | Black income of 'over Rs 200-crores' detected in I-T raids on TN film producers, financiers: CBDTTax evasion has been found as the actual amounts realised from the release of the films are much more than the amounts shown in the regular books of account. |
 | I-T department alleges business, tax irregularities against Dolo-650 makerThe claims came after the Income Tax department had on July 6 raided 36 premises of Bengaluru-based Micro Labs Ltd. across nine states. |
 | I-T detects unaccounted income worth Rs 200 crore after multiple raids in ChhattisgarhThe modus-operandi followed by the group included unfair regular collections on coal transportation throughout the state, leading to generation of huge unaccounted income. |
 | Government keeps vouchers, gift, loyalty cards out of crypto tax ambitApart from these, subscriptions to websites or platforms or applications will also be excluded from VDAs. |
 | Tax deduction for crypto, digital assets; Central Board of Direct Taxes issues notificationAccording to new guidelines, to avoid deduction of tax of digital assests at multiple stages, tax may be deducted only by the exchange which is crediting or making payment to the seller. |
 | CBDT notifies TDS disclosure requirements for cryptocurrencies, virtual digital assetsCBDT has notified that the TDS collected under Section 194S shall be deposited within 30 days from the end of the month in which the deduction has been made. |
 | Number of income tax returns rose for FY 2022: CBDT chairman Sangeeta SinghSingh said that the number of income tax returns last fiscal was 7.14 crore against 6.9 crore in the preceding financial year, showing a clear growth. |
 | CBDT asks tax officers to not issue reassessment notices for 3 years till FY15Central Board of Direct Taxes (CBDT) asked tax officers to give taxpayers two weeks' time to respond to such notices, which can be further extended at taxpayers' request in genuine cases. |
 | PAN or Aadhaar mandatory for deposits and withdrawals above Rs 20 lakhs"The mandatory condition of obtaining PAN for deposits and even for withdrawals would help the government in tracing the movement of cash in the system." |
 | 1986-batch IRS-IT officer Sangeeta Singh given additional charge of CBDT chairpersonShe is currently serving as the Member (Income Tax and Revenue) and is also holding the additional charge of Member (Tax Payer Services) in the CBDT. |
 | I-T dept detects cash transactions of Rs 3000 crore after raids on Omaxe groupThe search action covered more than 45 premises in Delhi NCR, Chandigarh, Ludhiana, Lucknow and Indore. |
 | Working to improve tax literacy in country for widening taxpayer net: CBDT chairman JB MohapatraThe CBDT chief was asked about the steps being taken by the taxman to widen and deepen the tax base in the country given that the department recorded its highest-ever direct tax collections. |
