Board of Direct Taxes chief talks about future of old tax regime, carve-outs made for start-ups in angel tax in Budget
Personal income taxes saw 32.3% increase in gross terms and 16.25% increase in net revenue collection.
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.
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.
"This is highly misleading and is affecting the reputation of Micro Labs, the pharmaceutical industry and doctors," the spokesperson added.
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.
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.
The modus-operandi followed by the group included unfair regular collections on coal transportation throughout the state, leading to generation of huge unaccounted income.
Currently, only deposits exceeding Rs 50,000 a day require quoting of PAN or Aadhar. Currently, there are no annual thresholds mentioned.
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.