central board of direct taxes (cbdt)

New Delhi, March 23 DBS Bank India announced the launch of its direct tax payment facility on Monday, following authorization from the Central Board of Direct Taxes (CBDT).The bank will now be able to collect direct tax payments on the TIN 2.0 platform, in addition to its existing capability...

New Delhi, March 14 The Income Tax department on Saturday asked taxpayers to ignore any emails they may have received, if any, alerting them about "significant transactions" as part of the Advance Tax e-campaign.In a post on X, the Central Board of Direct Taxes (CBDT) said that some taxpayers...

New Delhi, March 9 The Income-Tax Department has detected under-reporting of sales worth Rs 408 crore after it conducted a nationwide survey of restaurants on charges of tax evasion, the CBDT said on Monday.Following the action of visiting their business premises on Sunday, the taxman is now...

New Delhi, February 23 India and France have amended the double taxation avoidance agreement, which will provide for the taxation of capital gains based on the company's residency and delete the Most-Favored-Nation (MFN) clause, bringing certainty in taxation.The amending protocol also...

New Delhi, February 12 The Income Tax Department has, for the first time, issued a demand notice of ₹4.62 crore to the Equestrian Federation of India for the assessment year 2024-25 under Section 156 of the Income-Tax Act, 1961, according to official documents.The notice, dated February 9...

New Delhi, February 9 The Income-Tax Department's NUDGE – a technology-enabled campaign to encourage taxpayers to pay their dues before initiating penal procedures – could be adopted by various other government departments like the CBIC to improve governance, CBDT Chairman Ravi Agrawal has said...