CBDT

25,000 High-Risk Taxpayers Alerted on Undisclosed Foreign Assets; Deadline December 31

I-T targets 25,000 high-risk foreign asset cases in fresh drive

The move, which follows the disclosure of over ₹29,000 crore in the first phase, aims to boost compliance before severe…

November 27, 2025 19:49 IST

Karnataka, Rajasthan High Courts direct CBDT to extend tax audit deadline: What it means for taxpayers across India

Tax Audit Report Filing 2025-26: The Karnataka High Court and the Rajasthan High Court have directed the Central Board of…

Updated: September 25, 2025 09:55 IST

ITR Income Tax Return Deadline Extension 2025

ITR due date extension: Income tax return filing deadline nears, will CBDT allow more time?

Income Tax Return Due Date Extension: The September 15 deadline applies to non-audit taxpayers including individuals, Hindu Undivided Families (HUFs)…

September 14, 2025 12:29 IST

Pradhan Mantri Garib Kalyan Anna Yojana, PMGKAY, economy, agriculture

Govt reviewing free-grains scheme to cut costs

The Centre is reviewing the Pradhan Mantri Garib Kalyan Anna Yojana to cut subsidy costs by removing ineligible beneficiaries. States…

August 31, 2025 20:04 IST

ITR marked invalid due to tech glitch? Income Tax Dept issues THIS big relief for taxpayers

The move comes in response to grievances received by the Centralized Processing Centre (CPC) in Bengaluru, which highlighted that returns…

July 28, 2025 21:49 IST

CBDT chief says I-T Dept now tracking online visits, filtering PANs to nudge taxpayers

Income Tax Dept analysing taxpayers’ ITR-filing patterns, online behaviour, says CBDT chief

The department is using AI-powered data analytics to raise red flags for high-value transactions where returns have not been filed…

Updated: July 24, 2025 12:21 IST

tax demands, refunds, Nirmala Sitharaman, finance ministry, tax

Accelerate disposal of tax demands, refunds: Nirmala Sitharaman

FM Nirmala Sitharaman urges faster disposal of tax disputes, quicker refunds, and improved grievance redressal. Calls for region-wise strategies, simplified…

June 23, 2025 22:53 IST

Central Board of Direct Taxes, CBDT, tax, Vivad se Vishwas scheme, taxpayers, tax litigation, revenue

Mumbai and Delhi regions assigned higher direct tax targets

The Karnataka and Goa region has been given a collection target of Rs 2.81 lakh crore, representing 11.15% of the…

May 11, 2025 22:57 IST

IT, income tax, tax, money, CBDT, Central Board of Direct Taxes

I-T dept seeks to settle Rs 10 lakh crore disputes in FY26 at first-appeal forum

The I-T department aims to resolve over 2 lakh appeals involving Rs 10 lakh crore in FY26 to boost tax…

May 5, 2025 20:56 IST

IT Return, Central Board of Direct Taxes, CBDT, money, tax, ITR

ITR-3 explained: Who can file and who shouldn’t for AY 2025–26

CBDT notifies ITR-3 for AY 2025-26, easing disclosure for middle-income professionals. Key changes include higher asset threshold, split capital gains…

Updated: June 1, 2025 23:18 IST

Central Board of Direct Taxes, CBDT, SEBI, Securities and Exchange Board of India, FEMA, RBI

I-T deductions not allowed for settling proceedings under SEBI, 3 other laws

CBDT disallows I-T deductions for expenses incurred to settle proceedings under SEBI Act, Competition Act & 2 other laws. New…

April 25, 2025 05:11 IST

apa scheme, cbdt, advance pricing agreements, Central Board of Direct Taxes,

CBDT sets new record by signing 174 advance pricing agreements in FY25

This year also marks the highest number of APAs signed in a single financial year since the launch of the…

March 31, 2025 22:02 IST

Income tax offices to remain open on coming Saturday, Sunday and Eid – Know why

The financial year ends on March 31 and before that most people complete their financial and tax-related activities every year.…

March 28, 2025 15:02 IST

PPT clause, GAAR, CBTD, Money, general anti-abuse rules, Central Board of Direct Taxes

Govt can act against tax treaty abuse despite PPT clause: Experts

CBDT clarifies that the principal purpose test (PPT) will apply prospectively to DTAAs with PPT clauses, while grandfathered investments remain…

March 20, 2025 05:39 IST

Parliamentary panel, I-T Bill, Income tax bill, money, tax, CBDT, Central Board of Direct Taxes

Parliamentary panel to review stakeholder comments on new I-T Bill

CBDT invites stakeholder suggestions on the new Income Tax Bill, 2025, to simplify rules, reduce compliance burden, and enhance transparency…

March 18, 2025 22:42 IST

Taxpayers declare foreign assets worth Rs 29,000-crore under CBDT campaign

As part of the campaign, SMS and emails were sent to 19,501 taxpayers with high foreign account balances or significant…

March 6, 2025 21:22 IST

CBDT issues fresh FAQs on Vivad se Vishwas scheme

The scheme, announced during the Budget, provides for dispute resolution in respect of pending income tax litigation.

December 18, 2024 03:00 IST

CBDT, Economy, Direct tax, tax, tax collection, income tax act, income tax

Direct tax collections likely to exceed Budget target: CBDT chief

Of the total, net corporate tax collections rose 6.5% on year to Rs 5.1 trillion, while non-corporate tax (PIT) mop-up…

November 19, 2024 03:15 IST

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Explainer: Why IMF says India’s GDP data is C-grade

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