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CBDT drafts new operational rules for MNCs

Eighteen months after the adoption of country-by-country reporting (CbCR) legislation for multinationals, the CBDT has finally drafted rules for compliance and disclosure for MNCs...

CBDT discovers discrepancies in income of certain politicians

The Central Board of Direct Taxes (CBDT) told the Supreme Court on September 11 that a prima facie verification of election affidavits by the...

CBDT turns proactive?

The Central Board of Direct Taxes (CBDT) is said to have turned proactive and asked its IT officers to regularly engage with top 100...

12 IRS (IT) officers (1982 batch) may soon get Apex Scale

12 IRS (IT) officers from the 1982 batch may soon be empanelled for the post of Principal Chief Commissioner (IT) - the Apex Scale...

TDS collection being made more comprehensive

The Central Board of Direct Taxes (CBDT) has incorporated in its Central Action Plan for 2017-18 comprehensive procedures to meticulously deduct TDS (tax deducted...

CBEC & CBDT get new members

At the outset of implementation of GST (w.e.f. 01 July 2017) the Central Board of Excise & Customs on Friday got two new members...

Honest, industrious, and innovative IT officers to be awarded

As part of its plan to honor and award conscientious, industrious, and innovative members of its fraternity, the CBDT has instituted three awards for...

CBDT panel to recommend ways for recovery of arrears 

The CBDT is reportedly examining the issue of expanding the scope of its policy of “naming and shaming” of tax defaulters by sharing such...

IT sleuths hunting down benamidars

The Income-tax Directorates of Investigation has identified more than 400 benami transactions up to 23 May 2017. These include deposits in bank accounts, plots...

ACC set to clear the appointment of 11 Principal CCITs

Indianmandarins has reliably learnt that the Appointment Committee of the Cabinet is all set to clear the appointment of 1981 batch IRS (IT) officers...

Chidambaram gets a taste of law; inquiry ordered against him

Prime Minister Narendra Modi is said to have directed the Revenue Secretary and the Central Board of Direct Taxes (CBDT) Chairman to investigate into...

Centre to hire more hands

The Centre may hire about 2.80 lakh more staff. The income tax department, the agency involved in the drive against black money post-demonetisation, is set...

Encouraging transparency or promoting opacity

The advertisement of vacancies for the posts of Member, CBDT was floated last week but it took many senior IRS (IT) officers, including many...

CBDT to gather full strength: Shrivastava & Bhattasali tipped for Member

Indianmandarins has reliably learnt that the Appointment Committee of the Cabinet has cleared the appointment of two Members in Central Board of Direct Taxes...

EC to inform CBDT of 200 delisted political parties

The Election Commission of India (EC) may soon inform the Central Board of Direct Taxes (CBDT) about its decision to delist 200-odd political parties....

CBDT crippled by shortage of PCITs

As many as 160 posts of Principal Chief Commissioner Income Tax (PCIT) are vacant in Central Board of Direct Taxes (CBDT), even as the...

Electoral trusts barred from receiving funds from PSUs, foreign sources

  The income tax department has barred PSUs and foreign sources such as trusts and foundations from contributing money to electoral trusts that are formed...

‘We not you’ is the IRS refrain

  Whoever said that hankering after credit is only a politician's call? Well, civil servants are no different. The success of Income Declaration Scheme (IDS),...

CAG may audit IDS, not individual declarations

  The Comptroller and Auditor General of India (CAG) may audit the just-concluded income disclosure scheme (IDS) for the process followed and how well it...