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CBDT directs taxman to maximise collection efforts as growth rate not satisfactory

Sunday, January 6, 2019, 7:43 PM

With the growth in direct-tax-collections sluggish, CBDT has directed income tax department officials to "maximise" their efforts and conduct targeted surveys and file court cases against those who wilfully evade taxes. CBDT Chairman Sushil Chandra has shot-off a letter to all Principal Chief Commissioners of I-T Department, asking them to pull-up their socks as only three-months are left for current financial year to close.
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I-T Dept to re-assess ITRs of rich buyers of Nirav Modi jewellery

Saturday, July 14, 2018, 3:13 PM

The Income Tax Department has decided to re-assess the ITRs of over 50 HNIs who purchased costly jewellery from firms owned by Nirav Modi. The taxman decided to initiate the step after a number of people, it sent notices asking them to explain the source of income for purchase of the jewellery, denied any cash-payment made by them to Nirav Modi's firms.
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IT department among top three revenue earners: Official

Saturday, June 2, 2018, 5:14 PM

The Income Tax Department now ranks among the top three "revenue-earners" of the central government and there is still a huge potential for growth, a top IT official has said. Principal Chief Commissioner of Income Tax, (PR-CCIT) Pune, Vinodanand Jha said in a statement released on Saturday that there was a huge possibility of tax revenue growth from the Panvel region.

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