
The Centre is reviewing the Pradhan Mantri Garib Kalyan Anna Yojana to cut subsidy costs by removing ineligible beneficiaries. States…
The move comes in response to grievances received by the Centralized Processing Centre (CPC) in Bengaluru, which highlighted that returns…
The department is using AI-powered data analytics to raise red flags for high-value transactions where returns have not been filed…
FM Nirmala Sitharaman urges faster disposal of tax disputes, quicker refunds, and improved grievance redressal. Calls for region-wise strategies, simplified…
The Karnataka and Goa region has been given a collection target of Rs 2.81 lakh crore, representing 11.15% of the…
The I-T department aims to resolve over 2 lakh appeals involving Rs 10 lakh crore in FY26 to boost tax…
CBDT notifies ITR-3 for AY 2025-26, easing disclosure for middle-income professionals. Key changes include higher asset threshold, split capital gains…
CBDT disallows I-T deductions for expenses incurred to settle proceedings under SEBI Act, Competition Act & 2 other laws. New…
This year also marks the highest number of APAs signed in a single financial year since the launch of the…
The financial year ends on March 31 and before that most people complete their financial and tax-related activities every year.…
CBDT clarifies that the principal purpose test (PPT) will apply prospectively to DTAAs with PPT clauses, while grandfathered investments remain…
CBDT invites stakeholder suggestions on the new Income Tax Bill, 2025, to simplify rules, reduce compliance burden, and enhance transparency…
As part of the campaign, SMS and emails were sent to 19,501 taxpayers with high foreign account balances or significant…
The scheme, announced during the Budget, provides for dispute resolution in respect of pending income tax litigation.
Of the total, net corporate tax collections rose 6.5% on year to Rs 5.1 trillion, while non-corporate tax (PIT) mop-up…
Several big foreign multinationals that are operating in the Indian market have been awaiting India’s Pillar 2 rules, especially the…
“There appears to be a mis-information about the said amendment emanating from incorrect interpretation of the amendment. It is being…
This initiative is part of the CBDT’s Central Action Plan for 2024-25, which seeks to mitigate tax evasion and enhance…