Page-5 of CBDT
61 Individuals Declared Annual Income of Over Rs 100 Crore
As per the information provided by Minister of State for Finance Pon Radhakrishnan to the Lok Sabha 61 individuals who declared an income of more than Rs 100 crore during the assessment year 2017-18. Even though the numbers have increased sharply ..
Month: Current Affairs - February, 2019
PIL in Supreme Court against govt’s order to snoop on computers
A PIL has been filed in the Supreme Court by advocate Manohar Lal Sharma challenging the government’s notification authorising 10 central agencies to intercept, monitor and decrypt any computer system. What was the Order of the Home Ministry? As per ..
Month: Current Affairs - December, 2018
Akhilesh Ranjan appointed as Convenor of Task Force drafting New Direct Tax Legislation
Union Finance Ministry has appointed Akhilesh Ranjan, Central Board of Direct Taxes (CBDT) member as Convenor of Task Force that is drafting New Direct Tax Legislation (Law). He will replace Arbind Modi who retired in September 2018. The other members ..
Month: Current Affairs - November, 2018
PK Dash, Akhilesh Ranjan and Neena Kumar inducted as members of CBDT
Appointments Committee of the Cabinet (ACC) has appointed three senior IRS officers K Dash, Akhilesh Ranjan and Neena Kumar as new members of Central Board of Direct Taxes (CBDT). All three members belong to 1982-batch of the Indian Revenue Service ..
Month: Current Affairs - November, 2018
Government receives Rs. 3,000 crore from MNCs that have entered into APAs
Union Government has received Rs. 3,000 crore of additional tax from MNCs that have entered into advance pricing agreements (APAs) with it over last five years and also has eliminatedbig source of tax litigation. It was revealed in recently released ..
Month: Current Affairs - September, 2018
Government raises threshold monetary limit for filling appeals relating to tax cases
Union Finance Ministry has hiked threshold monetary limit for tax departments to file appeals all three levels of appeal — Appellate Tribunals, High Courts, and Supreme Court. The move is aimed at significantly decreasing taxpayer greivances and litigation burden of ..
Month: Current Affairs - July, 2018