The Central Board of Direct Taxes (CBDT) observed the 162nd Income Tax Day (also known as Aaykar Diwas) on 24 July 2022. The purpose of this tax was to compensate for the losses incurred by the British regime during the first war of independence against British Rule in 1857. The day was first celebrated in 2010. Static/Current Takeaways Important […]
Aaykar Diwas or Income Tax Day celebrated by CBDT on July 24 Read More »
The government has appointed Nitin Gupta as Chairman of the Central Board of Direct Taxes (CBDT). A Committee of Secretaries held a meeting on June 25 and selected Gupta, a 1986 batch IRS officer, as the Chairman of the apex body of Income Tax. Gupta, an Indian Revenue Service (IRS) officer of the 1986 batch
IRS Officer Nitin Gupta named as the new chairman of CBDT Read More »
Sangeeta Singh, an Indian Revenue Service (IRS) officer has been given additional charge of Chairman, Central Board of Direct Taxes (CBDT) for a period of three months or till a regular Chairman is appointed. She has replaced JB Mohapatra who retired as the head of the direct taxes administration body on April 30. She is currently holding charge of Audit and Judicial and
Sangeeta Singh gets an additional charge of CBDT Chairman Read More »
Dhanlaxmi Bank has signed a pact with Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) for tax collection. The bank has been authorised by the Reserve Bank of India (RBI) based on recommendation from the Controller General of Accounts for collection of various taxes. This MoU will help customers to pay
Dhanlaxmi Bank signs pact with CBDT & CBIC for tax collection Read More »
Dhanlaxmi Bank on Thursday said it has signed a memorandum of understanding with Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) for collection of taxes. The bank has been authorised by the Reserve Bank of India (RBI) based on the recommendation from the Controller General of Accounts for collection of various taxes, Dhanlaxmi Bank said in a
Dhanlaxmi Bank signed MoU with CBDT, CBIC for tax collection Read More »
The Central Board of Direct Taxes (CBDT) has set up three Boards for Advance Rulings (BAR). the Boards will ensure faster disposal of cases and avoid income tax disputes, made operational from September 01, 2021. These BARS will take place of Authority for Advance Rulings (AAR) to avoid dispute in respect of assessment of tax
CBDT sets up 3 Boards for Advance Rulings (BAR) to fast-track tax disputes Read More »
The Central Board of Direct Taxes (CBDT) has signed the 300th Advance Pricing Agreement (APA) during the month of September, 2019. This is a significant landmark of India’s APA Programme, which is currently in its seventh year. Daily Current Affairs Quiz 2019 Three APAs were entered into in September, 2019 (2 Unilateral and 1 Bilateral
CBDT inks the 300th Advance Pricing Agreement Read More »
The Central Board of Direct Taxes (CBDT) said that an incorrect perception is being created in a section of media as if announcements made by Smt. Nirmala Sitharaman, Union Minister of Finance & Corporate Affairs, in a press conference on 23rd August 2019, which brought in a number of responsive structural measures to boost up
