Central Board of Direct Taxes Current Affairs - 2019

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India, Switzerland Automatic Exchange of Financial Account Information kicks in

Automatic Exchange of Information (AEOI) Regime between Switzerland and India kicked off from September 1, 2019. Under this mechanism, India will start receiving information on all financial accounts held by Indian residents in Switzerland, for the year 2018. Central Board of Direct Taxes (CBDT) has hailed this move as a significant step in the government’s Read More…

Month:  Categories: International

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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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24 July: CBDT celebrates Aaykar Diwas

On 24 July 2019, Central Board of Direct Taxes (CBDT) and all field offices observed and celebrated 159th Income Tax Day also known as Aaykar Diwas. About Aaykar Diwas 2019 Background: It was on 24 July in 1860 that Income Tax (IT) was introduced for 1st time in India by Sir James Wilson to compensate Read More…

Month:  Categories: Events & Observances

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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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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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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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