Page 2 - Cbdt Chairman

Working to improve tax literacy for widening taxpayer net: CBDT chairman

Income Tax department is working to improve abysmally poor tax literacy in India so that the number of tax paying people, entities can be increased leading to enhanced collections, J B Mohapatra said

Taxpayers can update ITRs only once in an assessment year: Official

To correct any discrepancy or omissions, the Budget 2022-23 has permitted taxpayers to update their ITRs within two years of filing, subject to payment of taxes

Direct tax collections expected to breach Rs 12.5-trn target: CBDT chairman

Direct tax collections are expected to breach the revised target of Rs 12.50 lakh crore and set an all-time high and "historic" record by the end of this financial year in March

We have been studying crypto sector for the past five years: JB Mohapatra

We now have sufficient working knowledge as to how the sector works, and in what manner surplus is being generated, says Mohapatra

Ex-CBDT chairman PC Mody appointed as new secretary general of Rajya Sabha

Rajya Sabha Chairman M Venkaiah Naidu has signed an order to this effect, sources in the Rajya Sabha Secretariat said

Top headlines: Punjab gets new CM; India questions big tech firms

Business Standard brings the top headlines of the day

Govt appoints J B Mohapatra as Chairman, Central Board of Direct Taxes

Mohapatra is a 1985-batch Indian Revenue Service (Income Tax) officer

I-T dept must not operate in isolation: CBDT chairman J B Mohapatra

'There is always a time and context when an amendment is brought in', said J B Mohapatra

Retro tax withdrawal bill aimed for investors' confidence in India: CBDT

The move to do away with retrospective taxation is aimed at instilling foreign investors' confidence in the Indian economy and to deliver "equity" of justice in tax matters

CBDT Chairman Mody's tenure ends; Mohapatra given additional charge

J B Mohapatra, a 1985-batch Indian Revenue Service officer, was on Monday given the additional charge as CBDT chairman after the extended tenure of incumbent P C Mody ended, a government order said

Glitch-free faceless assessment addressed industry fears: P C Mody

Of the 57,985 cases picked for assessment during its pilot last year, orders have been passed in 46,822 cases

Big players stayed away from Vivad se Vishwas: CBDT chairman P C Mody

The scheme announced in the Budget last year allowed for the settlement of tax disputes due up to January 31, 2020.

21.5% growth in direct tax revenue for FY22 a realistic goal: CBDT chairman

In a Q&A, P C Mody says while income tax slabs have been left untouched, more money is being put in the hands of taxpayers with faster refunds. Tax administration reforms will boost tax compliance

Rs 95,000-cr disputed sum settled under 'Vivad se Vishwas': CBDT chairman

This relates to entities resolving long pending litigation issues with the Income Tax Department

Faceless scheme: Revenue officers seeks change in role, service conditions

IRS Association proposes to redraft transfer and deputation policy, seeks rebranding of IRS

Compute tax demand for all assessees by August 31, says CBDT chief

Many taxpayers are waiting to file applications under 'Vivad Se Vishwas' scheme, but they are also waiting for correct demand to be intimated to them, says P C Mody

Economic activity reviving; GST collections good sign: CBDT chief Mody

He tells Dilasha Seth, in an interview, that 58,000 cases will be assessed through the faceless mechanism by October.

Budget paved way for perfect ecosystem for startups in India: CBDT

CBDT Chairman P C Mody said most of the issues pertaining to startups were already addressed in last budget

Stock markets cannot expect the moon every time: CBDT chairman P C Mody

A three per cent rise is definitely achievable

New tax slabs proposed in Budget to benefit taxpayers: CBDT chairman

The set target for revenue collection (personal income tax, corporate tax and others) was Rs 13.35 trillion for the 2019-20 financial year that ends on March 31