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HC directs tax department to refund Rs 788.39 crore to Vodafone-Idea

Friday, October 18, 2019, 4:33 PM

The Bombay High Court has directed the income tax department to refund Rs 788.39 crore to Vodafone Idea Limited within three weeks, bringing relief to the telecom operator which has asked government to provide relief to the debt laden sector. This is the second instance that a tax refund case has gone in Vodafone Idea's favour.
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Pramod Chandra Mody takes over as new CBDT chairman

Friday, February 15, 2019, 8:12 PM

IRS officer Pramod Chandra Mody took over as the new chairman of the Central Board of Direct Taxes (CBDT), the policy making body of the Income Tax Department. Mody, a 1982-batch Indian Revenue Service (Income Tax cadre) officer, has been appointed in place of Sushil Chandra, who was on Thursday named as Election Commissioner ahead of the Lok Sabha polls due this summer.
 
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Tax soup for restaurants not sharing service charges with staff

Saturday, November 24, 2018, 12:06 PM

The Central Board of Direct Taxes (CBDT) has said that service charge collected by restaurants but not passed on to workers will be liable to income tax. The tax department has instructed officials to verify if there is any 'under-reporting' or 'non-reporting' of income collected as service charge. The CBDT's crackdown comes after the Consumer Affairs Ministry flagged its concerns.

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