A bench led by Justice AK Sikri also permitted Congress leaders Rahul Gandhi and Sonia Gandhi to file their affidavits on the CBDT (Central Board of Direct Taxes) circular that reportedly clarified taxes on valuations in their case. read more

The Congress on Friday said a purported Central Board of Direct Taxes (CBDT) circular of December 31 had vindicated the party’s position in the Associated Journals Limited (AJL) case pending before the Supreme Court. read more

BJP spokesperson Sambit Patra showed that in two RTI replies the UPA government in August 2013 had said that on an average its agencies intercepted 9000 telephone calls and 500 emails a month. It had also listed 10 agencies which did the monitoring -... read more

The number of people filing income tax returns (ITR) has increased 50 per cent to 6.08 crore so far in the assessment year 2018-19 compared to the year-ago period, a top official said on Tuesday. read more

Quoting father’s name in PAN application won’t be mandatory: I-T department read more

Incomes of all categories of Indian taxpayers increased by 67% in the last four years, the data released by the income tax department showed. read more

CBDT Chairman Sushil Chandra said that the contribution of direct taxes to the total revenue kitty in the country is the highest and stands at 52 per cent at present. read more

CBDT Chairman Sushil Chandra said these numbers were a result of putting in a number of legislative, informative and enforcement efforts by the tax department over the last four years. read more

“While 88,649 taxpayers had disclosed income above Rs 1 crore in assessment year 2014-15, the figure was 1,40,139 for AY 2017-18, which is a growth of about 60 per cent,” the CBDT said. read more

This is the second extension within a fortnight of the Central Board of Direct Taxes (CBDT), earlier extending the deadline for tax payers whose accounts have to be audited from September 30 to October 15. read more

In its notice to the party, the Election Commission has said that AAP’s bank account has recorded a total credit of Rs 67.67 crore, including Rs 64.44 crore from donations in excess of Rs 20,000. However, in its audited accounts for the year, the party... read more

So far, only poll affidavits of Lok Sabha and state assembly candidates that were submitted to the EC were sent to the CBDT read more

To reduce tax litigation, the government on Wednesday hiked the threshold limit for filing appeals in tribunals to Rs 20 lakh, while the same for High Courts and the Supreme Court has been raised to Rs 50 lakh and Rs 1 crore. read more

The Income Tax Department had observed a dedicated fortnight from June 1-15, which was later extended to June 30 in certain regions, to expeditiously clear pending matters of appeal effect and rectification. read more

“This facility is free of cost and instant allotment of e-PAN is available only for a limited period on first-come-first-serve basis for valid Aadhaar holders”, the income tax department said in an advisory. read more