CBDT

Income Tax Department, Applications are invited for empanelment of Senior Standing Counsels and Junior Standing Counsels for representing the Income Tax Department in the High Court of Delhi. Full Article

Shri Laxman Das, Chairman, Central Board of Direct Taxes inaugurated the Ist AAYAKAR SEVA KENDRA (ASK) of Delhi at Aayakar Bhawan, Laxmi Nagar, Delhi in the presence of Shri T.B.C. Rozara, Chief Commissioner of Income Tax (CCA) Delhi on 9th of May 2012. Full Article

Thus, Vodafone cannot say that it had received no communication from the tax department, about the chargeability of the transaction to tax in India. Further, it chose to ignore the advice, received before the conclusion of the transaction, that Vodafone or HTIL should approach the Assessing Officer under sections 195/197 of the Income-tax Act, 1961, for determining the exact tax liability in India. Full Article

The Central Board of Direct Taxes, CBDT, has constituted an advisory group for International Taxation and Transfer Pricing. The 13 members group will be headed by Revenue Secretary. A Finance ministry release says, the others members of the group include Chairman of CBDT, Director General of Income-tax , Joint Secretary of Department of Revenue, and [...] Full Article

Undisclosed income exceeding Rs. 9,200 crore detected by CBDT during the search operations in the financial year 2011-12 During the financial year (FY) 2011-12, the Investigation Directorates of the Central Board of Direct Taxes (CBDT) conducted searches on 330 groups involved in different businesses / activities. On the basis of assets, documents and other evidence unearthed during such searches, undisclosed income exceeding Rs.9,200 crore was detected. Number of search.. Full Article

In response to the 2011 update of the UN Model Convention which was launched on 15.3.2012, the CBDT has addressed a letter dated 12th March 2012 in which it has registered its objections to the provisions in the UN Model Convention. In particular, the CBDT has stated: Full Article

The CBDT Chairman-led committee on combating the menace of black money has been given yet another extension and it is now expected to submit its final report by this month end. It is the third time that the deadline has been extended for the panel, which was constituted in May last year. Full Article

The Income Tax Department has decided to bring its over two-lakh strong staff under biometric monitoring system to ensure strict adherence to working hours. In an ambitious project rolled out by the Central Board of Direct Taxes (CBDT), I-T's administrative authority, the department has invited tenders for 'purchase, installation and monitoring of biometric based attendance monitoring system'. Full Article