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Tag Archives: CBDT

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 Directors General of Income Tax has indicated discrepancies in the income disclosures made by seven Lok Sabha members and 98 MLAs. It did not disclose their…

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 tax payers in each range and understand their difficulties in paying the taxes. This follows a recent conference of CBDT members and IT Commissioners where solutions…

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 post. The DPC for the same was held on 31 July 2017 which may soon be cleared by the Appointments Committee of the Cabinet. In addition…

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 at source) from State government PSUs, corporations, autonomous bodies, and development authorities. Therefore, it has asked for greater sensitisation and education of banks. The contribution of…

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 namely; Susanta Kumar Panda (IRS C&CE:1982), Ameeta Suri, (IRS C&CE:1982). Pranab Kumar Das (IRS C&CE:1983) and John Joseph (IRS C&CE:1983) were also named as Member in…

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 IT employees. These awards may be given on three different occasions in a year. First in the list is the Presidential Medal for Meritorious Service, which…

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 data with banks and credit-rating agencies. For this purpose, it has ordered the creation of a special committee to analyse the subject and review the existing…

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 of land, flat and jewelry. Provisional attachment of properties under the Act has been done in more than 240 cases. The market value of properties under…

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 to the post of Principal Chief Commissioner, Income Tax (PCCIT). Reportedly, the orders are expected this week. It may be noted that out of sanctioned 26…

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 the illegal assets of Chidambaram family and 21 illegal foreign bank accounts of Karti and his companies under the new Black Money Act and Benami Act….

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 to expand from the existing strength of 46,000 to 80,000 by March 2018. Similarly, customs and excise department, which will implement the ambitious goods and…

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 aspirants, by surprise. The last date of submission of application is 17th March 2017 but what surprised many  is the use of term ‘some posts are…

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 (CBDT). They are Ajit Kumar Shrivastava (IRS IT:1979) and Ms Shabri Bhattasali (IRS IT:1981). Currently, Srivastava is serving as Principal Chief Commissioner of Income Tax (PCCIT),…

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. A list containing details of the delisted parties may also form part of the communique that the EC may send to the CBDT in “the next…

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 CBDT has to meet a target of collecting Rs 8.47 lac crores in the current fiscal year 2016-2017. The task requires the full-strength of senior management…

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 to fund political parties. Amending the Rule 17CA of I-T Act, CBDT said in a statement that an electoral trust will not be allowed to…

‘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), which netted almost Rs 66,000 crore (still counting), is a case in point. There’s a no-holds-barred overflow of messages in the IRS officers’ WhatsApp groups….

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 performed, but may not get into the disclosures made. As much as Rs 65,250 crore of undeclared assets is said to have been disclosed in…

Sinha takes charge as OSD, ITPO

Arun Kumar Sinha (IAS:1999:MN) on Monday took charge as Officer on Special Duty (OSD), India Trade Promotion Organisation (ITPO); a post which fell vacant after Meenakshi Singh (IRS IT:1994) repatriated to parent cadre (CBDT) as ADG, Tax Payers Services (TPS-01). Prior to joining ITPO (Dept of Commerce) Sinha served with…

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