The pending cases choked Rs 6.11 lakh crore revenue to tax department
This proposal is aimed at reducing instances of corruption and harassment of the taxpayers
Chandra had taken over as CBDT chairman on November 1, 2016
APAs pertain to information technology and banking and finance sectors
With this the CBDT has accomplished 100 per cent of the direct tax target for Financial Year 2016-17
New guidelines are primarily targeted at companies like Cairn India, Vodafone
A committee has been formed for the purpose
CBDT has pulled up the I-T department asking it to take steps to achieve the set targets
Serious Fraud Investigation Office has filed cases against 49 shell companies
The net growth in CIT collections is 2.6 per cent while that in PIT collections is 19.5 per cent
Direct tax collection for the current financial year which ends on March 31, is about Rs 8.47 lkh cr
He warned that the I-T Department will take action if people did not volunteer information
The CBDT is working on using the extensive Aadhaar database
Taxpayers are advised to verify & update their email address, mobile number on the e-filing website
Letter comes against backdrop of people's concern that taxman may harass them post demonetisation
Four APAs pertain to manufacturing, financial and information technology sectors of the economy
It adds refund will not be withheld simply because the case has been selected for scrutiny
Tax experts expect significant clarifications in the Budget to address double-taxation concerns
Govt had to give an option to domestic black money holders to declare their unaccounted wealth
Central Action Plan 2016-17 has fixed the target to collect 20% of the net demand