Central Board of Direct Taxes

Govt has not renewed angel tax for startups: Central Board of Direct Taxes chairman Nitin Gupta

Board of Direct Taxes chief talks about future of old tax regime, carve-outs made for start-ups in angel tax in Budget

published on : 5th February 2023

Direct tax collections up 24% in first six months

Personal income taxes saw 32.3% increase in gross terms and 16.25% increase in net revenue collection.

published on : 10th October 2022

CBDT to launch campaign from Octobert 2 to clear pending cases

The 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.

published on : 28th September 2022

Net direct tax mop up rises 23 per cent to Rs 7.04 lakh crore so far this fiscal

Gupta said I-T refunds worth Rs 1.41 lakh crore have been issued so far this fiscal, which is an increase of 83 per cent over the same period last year.

published on : 27th September 2022

Dolo 650 maker Micro Labs rejects allegations of giving Rs 1,000 crore worth freebies to doctors

"This is highly misleading and is affecting the reputation of Micro Labs, the pharmaceutical industry and doctors," the spokesperson added. 

published on : 21st August 2022

'Pharma company distributed Rs 1000 crore freebies to prescribe Dolo 650mg tablets': SC told

The bench asked Additional Solicitor General KM Nataraj to file his response to the plea in ten days and gave one week time thereafter to Parikh to file his rejoinder.

published on : 18th August 2022

Over five crore ITRs filed so far as deadline for financial year 2021-22 ends Sunday

The department issued a public message through its official Twitter handle asking taxpayers, largely individuals and salaried class, to file their returns within the due date of July 31.

published on : 31st July 2022

I-T detects unaccounted income worth Rs 200 crore after multiple raids in Chhattisgarh

The modus-operandi followed by the group included unfair regular collections on coal transportation throughout the state, leading to generation of huge unaccounted income.

published on : 5th July 2022

PAN, Aadhaar must for deposits and withdrawals exceeding Rs 20 lakh 

Currently, only deposits exceeding Rs 50,000 a day require quoting of PAN or Aadhar. Currently, there are no annual thresholds mentioned.

published on : 12th May 2022

PAN to become inoperative after March 2023 if not linked to Aadhaar

CBDT, which is the apex decision making body on direct taxes, has extended the deadline for linking PAN with Aadhaar many times and the last date now is March 31, 2022.

published on : 30th March 2022