IT Dept busts app-based instant loan company that illegally transferred Rs 500 cr outside India
New Delhi/IBNS: The Income Tax Department during raids in Delhi and Gurgaon (Haryana) on November 9 has found that an app-based instant loan company has repatriated Rs 500 crore "non-genuine" funds overseas,the CBDT said on Wednesday.
IT raids in 2 Chennai-based groups reveal over Rs 1,000 cr undisclosed income : CBDT
Chennai/UNI: The Central Board of Direct Taxes (CBDT) today said the Income Tax raids at two Chennai-based groups, including leading bullion trader in Tamil Nadu, led to the detection of undisclosed income of more than Rs 1,000 crore.
I-T raids on Congress MLA's office in Madhya Pradesh unearth over Rs 450 crore in undisclosed income
Bhopal/IBNS : The Income Tax department today raided the office premises of a Congress leader in Madhya Pradesh and recovered more than Rs 460 crore in undisclosed income, said media reports.
CBDT chairman Sushil Chandra becomes new Election Commissioner
New Delhi, Feb 14 (IBNS): With less than two months to go for the General Elections, Central Board of Direct Taxes (CBDT) chairman, Sushil Chandra, has been appointment as the new Election Commissioner, media reports said.
Will approach CBI, CBDT soon against Kejriwal and AAP : Suspended Delhi Minister Kapil Mishra
New Delhi, May 15 (IBNS) : Suspended Aam Aadmi Party leader Kapil Mishra, who rebelled against Arvind Kejriwal and his party by levelling startling allegations, said on Monday that he will write to the Central Bureau of Investigation and the Central Board of Direct Taxes under black money, hawala and money laundering cases to vindicate his charges, media reports said.
CBDT signs two unilateral APAs with Indian taxpayer
New Delhi, Apr 28 (IBNS): The Central Board of Direct Taxes (CBDT) has entered into two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers, strengthening the Government’s commitment to foster a non-adversarial tax regime. Both the agreements also have a “Rollback†provision in them.
Sushil Chandra takes over as Central Board of Direct Taxes Chairman
New Delhi, Nov 1 (IBNS): Sushil Chandra, IRS, on Tuesday took over as the Chairman, Central Board of Direct Taxes (CBDT).
PM addresses tax administrators at Rajasva Gyan Sangam
New Delhi, Jun 16 (IBNS): Prime Minister Narendra Modi, while addressing tax administrators on Thursday, said while there should be respect for the rule of law among all citizens, and even fear of the long arm of the law for those who evade taxes, people should not fear tax administrators.
PM Modi to inaugurate 2-day Annual Conference of CBDT & CBEC
New Delhi, Jun 12 (IBNS): Prime Minister Narendra Modi will inaugurate the two day Annual Conference of Senior Tax Administrators of Central Board of Direct Taxes (CBDT) & Central Board of Excise & Customs (CBEC) on June 16 morning in the plenary Hall of Vigyan Bhavan in the national capital.