News for 'Cbdt'

The Supreme Court on Monday sought responses from the Centre and others on a plea which challenged the validity of a provision of the Income Tax Act that allows political parties to receive...

The Election Commission on Tuesday directed the Central Board of Direct Taxes (CBDT) to verify any mismatch in affidavit details submitted by Union minister and Bharatiya Janata Party candidate...

Tax evaders, BEWARE!The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints. Kindly note this illustration generated using...

Election Commissioner Gyanesh Kumar was appointed as the next chief election commissioner on Monday, the law ministry said. IMAGE: Election Commissioner Gyanesh Kumar (right) and his wife show...

The Bharatiya Janata Party received the highest amount in large donations among national parties in the financial year 2023-24, with over Rs 2,243 crore declared from 8,358 donations, according to...

The FM also said the government has proposed a joint panel of Corporate Affairs Ministry and CBDT for incorporation of income computation and disclosure standards.  IMAGE: Union Finance Minister...

The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty. Illustration: Dominic Xavier/Rediff The Central Board of Direct Taxes (CBDT) is building a case based on...

The new income tax returns (ITR) form based on the I-T Act, 2025, will be notified prior to 2027-28 fiscal year, Minister of State for Finance Pankaj Chaudhary said on Monday. Illustration:...

The Income Tax department will start sending SMS/emails to about 25,000 individuals, who are part of the "high-risk" cases identified for non-disclosure of foreign assets in the income tax returns...

In September last year, India received financial information from over 108 countries regarding foreign accounts and income in the form of interest and dividend earned outside India. Kindly note...