K M Prasad appointed as new Principal Chief Commissioner of Income-tax (PCCIT) of National e-assessment centre

The National e-Assessment Centre (NeAC) has been set up by the  Central Board of Direct Taxes (CBDT) in the national capital as part of the government’s ambitious plan to launch faceless and nameless assessment for Income Tax  (IT) payers from ..

Tags: Central Civil Services • Commissioner of Income Tax • Economy of India • Government of India • Income Tax

CBDT Hikes Monetary Limits for Filing of Appeals by Income Tax Department

The Central Board of Direct Taxes (CBDT) has significantly increased the limit for the income tax department to appeal disputes in higher forums.One of the reasons behind the decision to raise the monetary limits is that the revenue department has ..

Tags: Commissioner of Income Tax • Economy of India • Income Tax Department • Income tax in India • Ministry of Finance

159th Income Tax Day (ITD-2019)

The Central Board of Direct Taxes (CBDT) has celebrated the 159th Income Tax Day i.e. Aaykar Diwas on 24th July 2019. The week preceding the Aaykar Diwas 2019 has been marked by various activities undertaken by the regional offices of ..

Tags: Central Civil Services • Commissioner of Income Tax • Income tax in India • Ministry of Finance • Tax