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Central Board Of Direct Taxes

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Probing fictitious transactions of Rs 2,200-cr: CBDT on Dainik Bhaskar raids

The Central Board of Direct Taxes on Saturday claimed to have detected "fictitious transactions" of Rs 2,200 crore after the Income Tax Department carried out multi-city raids against the Dainik......

Tax raids on Dainik Bhaskar, Bharat Samachar groups critical of Covid care

The Income Tax Department on Thursday conducted raids across several states against prominent media group Dainik Bhaskar as well as Uttar Pradesh-based TV channel Bharat Samachar for alleged tax......

Agencies doing their job: Govt on tax raids on media houses

As the Income Tax department carried out multi-city raids against two media organisations on Thursday, Union minister Anurag Thakur said the agencies are doing their work and there is no......

J-K plans mythological theme park near Vaishno Devi shrine

The Jammu and Kashmir administration is planning to set up India's best mythological theme park near the famous Vaishno Devi shrine in Reasi district and has sought investors for the project,......

Taxman to go after hospitals fleecing Covid patients

The finance ministry has asked the tax department to impose hefty penalties on those hospitals found with unaccounted cash, and such entities could be booked under anti-money laundering laws and......

How Covid CRUSHED Small Companies

'Many of the non-corporate or smaller entities got wiped out in the ordeal.'Abhishek Waghmare reports. Illustration: Uttam Ghosh/Rediff.com The pandemic and the lockdowns lopped off 3 per cent of......

Centre mulls an Ordinance as income-tax litigation mounts

More than a dozen assessees have secured an interim stay by high courts across the country, including in Delhi, Mumbai, and Kolkata. Illustration: Uttam Ghosh/Rediff.com The government is......

Over 400 top-level posts lie vacant in the Income Tax department

Due to the vacancies 18 chief commissioners are holding additional charges going up to eight in some cases. Amid economic uncertainties owing to the pandemic, the government’s key revenue......

Why India may have to withdraw 2% equalisation levy on firms by 2023

The OECD deal is intended to ensure that multinational digital entities pay more taxes in countries where they have customers or users than from where they operate. India conceding ground to bring......

Income tax exempted on employee's Covid treatment

The government on Friday extended the deadlines for various income tax compliances and said the amount paid by an employer to employees for Covid-19 treatment would be tax exempt. IMAGE: Kindly......

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