CBDT Current Affairs - 2019

Category Wise PDF Compilations available at This Link

CBDT notifies creation of special cell for startups

Central Board of Direct Taxes (CBDT) has created five-member special cell to address grievances of startups with relation to angel tax and other tax-related issues. It will be headed by member (Income Tax and Computerisation) of CBDT. This initiative is the latest amongst the recent initiatives taken by the CBDT to further ease the compliance Read More…

Month:  Categories: Business, Economy & Banking

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Terror Monitoring Group for Jammu and Kashmir

The Union Home Ministry has announced setting up of a Terror Monitoring Group (TMG) to ensure synergised and concerted action against terror financing and terror-related activities in Jammu and Kashmir. Mandate of the Terror Monitoring Group Taking action against hardcore sympathisers among government employees including teacher’s etc providing overt or covert support to such activities. Read More…

Month:  Categories: States

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Govt relaxes norms for Start-ups

The government has relaxed the norms under the definition of Start-Ups. The changes brought in are: The investment limit of angel investors to seek exemption under the Income Tax Act, 1961 has been increased to Rs 25 crore from 10 Crore. An entity shall be considered a start-up up to 10 years from its date of Read More…

Month:  Categories: Business, Economy & Banking

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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 from the 38 individuals reporting income over Rs 100 Crore in the previous assessment year, Read More…

Month:  Categories: Business, Economy & Banking

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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 the notification of the Union Ministry of Home Affairs, 10 central probe and snoop agencies Read More…

Month:  Categories: Governance & Politics

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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 (composition) of the Task Force remain unchanged. Akhilesh Ranjan is presently serving as Member (Legislation) Read More…

Month:  Categories: Persons in News

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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 (IRS). Prior to this appointment, Dash was serving as principal chief commissioner of I-T (PCCIT) Read More…

Month:  Categories: Persons in News

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