Tag: CBDT

Income Tax Department alleges Sonu Sood, associates evaded Rs 20 crore tax, violated FCRA

NEW DELHI: The Central Board of Direct Taxes (CBDT) on Saturday alleged that actor Sonu Sood and his associates evaded tax of Rs 20 crore and claimed that after the Income Tax (IT) Department raided him and a linked Lucknow-based infrastructure group it was found that he routed his “unaccounted income in the form of […]

Found Rs 2,200 crore fictitious transactions: CBDT after raids on media group

NEW DELHI: The CBDT 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 Bhaskar media group early this week. It said the searches that were launched on July 22 in nine cities like Bhopal, Indore, Delhi, Ahmedabad, Noida and some […]

CBDT Chairman Pramod Chandra Mody gets further extension for three months

NEW DELHI: The re-appointment of Pramod Chandra Mody as Chairman of the Central Board of Direct Taxes (CBDT) has been extended for a further period of three months, said Department of Personnel and Training, the Government of India on Sunday. Mody is a 1982-batch Indian Revenue Service officer, was appointed as the CBDT chief in […]

Gujarat High Court rejects plea to extend deadline for filing tax returns

NEW DELHI: The Gujarat High Court has rejected a plea seeking extension of deadline for filing of returns but observed that the CBDT may take a lenient view on penalty for late filing of tax audit reports. The Income Tax Department had on Monday rejected demand for further extension of the deadline for filing returns […]

Direct tax refunds of nearly Rs 1.37 lakh crore issued in FY21

NEW DELHI: The Central Board of Direct Taxes (CBDT) has issued refunds of nearly Rs 1.37 lakh crore to over 41.25 lakh taxpayers so far in the financial year 2020-21. The total refund amount includes Rs 36,028 crore of income tax refunds and over Rs 1 lakh crore as refunds on corporate tax, the Income […]

Income Tax refunds worth Rs 88,652 crore issued to 24.64 lakh taxpayers so far this fiscal

NEW DELHI: The Income Tax department on Friday said it has issued refunds worth Rs 88,652 crore to over 24 lakh taxpayers so far this fiscal. This include personal income tax (PIT) refunds amounting to Rs 28,180 crore issued to over 23.05 lakh taxpayers and corporate tax refunds amounting to Rs 60,472 crore to over […]

Covid-19 relief: CBDT starts inquiry on IRS officers for unsolicited report

NEW DELHI: The CBDT on Sunday said an inquiry is being initiated against 50 IRS officers of the I-T department who have penned an unsolicited report on revenue mobilisation to fund COVID-19 relief measures and made it public without permission. In a statement, the Central Board of Direct Taxes (CBDT), which is the apex policy […]

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