Cbdt

  • New PAN allotment norms put on hold; old procedure to continue 30-01-2014 10:24 PM

    New Delhi: New norms for issuance of PAN card requiring verification of original documents have been put on hold with the Finance Ministry on Thursday announcing that the existing procedure will continue. "The Central Board of Direct Taxes (CBDT) has decided to keep in abeyance the decision to change the...
  • Dawood's blood money trail: CBDT seeks copy of CNN-IBN report 07-04-2013 06:15 PM

    New Delhi: Days after a CNN-IBN and FirstPost.com investigation found that ganglord Dawood Ibrahim's cash was washing up in the offshore banking haven of Nassau in The Bahamas in a Bank of Baroda branch, the Central Board of Direct Taxes (CBDT) has approached the channel seeking details into the report...
  • 'Gadkari lent to and borrowed from the same firm' 25-10-2012 08:42 PM

    New Delhi: CNN-IBN has accessed details of one of the alleged shell companies that invested in BJP President Nitin Gadkari's Purti Group. Regency Equifin Pvt Ltd interestingly has Gadkari's accountant Kawdu Zade and other employees in Purti as directors. Also, records show that Regency Equifin both borrowed from and lent...
  • Wary about secret bank accouts, IT asks for oath 08-01-2012 12:30 PM

    New Delhi: In order to guard against possible leakage of names figuring in the secret bank accounts lists it has received from foreign shores, the CBDT has ordered the IT department to obtain a signed undertaking from any government entity or department who demands the data for their own probe....
  • Pranab holds review meeting on revenue collection 06-01-2012 10:19 PM

    Chennai: Finance Minister Pranab Mukherjee on Friday held discussions on ways to step up revenue collection for 2011-12 with top officials of Central Board of Excise and Customs (CBEC) and Central Board of Direct Taxes (CBDT). The meeting discussed steps for augmentation for revenue in the remaining part of the...
  • Govt to introduce new PAN form for NRIs 01-11-2011 08:02 AM

    New Delhi: The Income Tax Department will introduce a separate permanent account number(PAN)application form for non-residents in which NRIs, PIOs and entities having interest in India will have to provide additional information to the Central Board of Direct Taxes (CBDT). The new form - 49AA - will help the department...
  • CBDT to probe ex-CJI Balakrishnan's assets 22-06-2011 06:04 PM

    New Delhi: Former Chief Justice of India KG Balakrishnan is in trouble after the Central Board of Direct Taxes (CBDT) decided to investigate charges of financial misconduct by him. If financial misconduct is proven then the matter will be forwarded to the President for sanction to prosecute Balakrishnan, who is...
  • CBDT gets nod to tap phones of tax evaders 01-06-2011 08:33 AM

    New Delhi: In the clash of the titans at North Block, Pranab Mukherjee has finally had his way - phone tapping for unearthing tax evaders - this despite objections from the Home Ministry and the Cabinet Secretariat. Post the Nira Radia phone taps by the income tax department, the Cabinet...
  • CBDT to continue to enjoy phone tapping power 22-05-2011 11:27 AM

    New Delhi: The Central Board of Direct Taxes (CBDT) will continue to enjoy the power of telephone tapping despite a strong recommendation by a Committee of Secretaries against it following a controversy in the wake of the Niira Radia episode. "The CBDT will continue to have the power of phone...
  • Phone tapping norms set to become tougher 03-03-2011 05:22 PM

    New Delhi: Phone tapping norms are set to become tougher. A committee led by Cabinet Secretary KM Chandrasekhar has said the Central Board Direct Taxes and the Income Tax Department should not be allowed to seek phone taps, sources have told CNN-IBN. The committee has also recommended that the the...
  • CBDT probing Radia tapes: Chidambaram 30-11-2010 04:18 PM

    New Delhi: Home Minister P Chidambaram on Tuesday said that the Central Board of Direct Taxes (CBDT) is inquiring into alleged leak of tapes of telephone conversations between corporate lobbyist Nira Radia and politicians, journalists and industrialists. "We have not ordered an inquiry.The CBDT is inquiring into the matter...It was...
  • Centre orders probe into Radia tapes leak 29-11-2010 05:02 PM

    New Delhi: Union Government on Monday ordered an enquiry into the Nira Radia tapes. Intelligence Bureau and Central Board of Direct Taxes have been asked to find out who leaked the taped phone conversation of corporate lobbyist Radia with journalists, business leaders, politicians and bureaucrats. Sources have told CNN-IBN that...
  • Low tax rate boosts economy: CBDT chief 19-06-2010 10:07 AM

    The Direct Taxes Code Bill is slated to be tabled in the forthcoming monsoon session of Parliament. ...