The Central Board of Direct Taxes (CBDT) has said a major compliance change is mandatory disclosure of bank balances under…
CBDT’s updated DIN guidelines clarify that income-tax notices will not be invalid for minor DIN defects after a new retrospective…
Income Tax offices across India will remain open on March 31, 2026—even on Mahavir Jayanti—as the government pushes to wrap…
The number of individuals with annual tax liability above Rs 5 lakh has risen steadily in recent years, reflecting higher…
DoR officials told the committee that critical and time-sensitive forms will be ready and functional by the deadline, while the remaining forms will undergo modifications and…
France-based FPIs will lose their capital gains tax exemption in India after the CBDT proposed an amending protocol to the…
Central Board of Direct Taxes has released draft Income-tax Rules and Forms to simplify compliance under the Income-tax Act, 2025,…
The draft Income Tax Rules, 2026 propose revised perquisite norms that will apply to both the old and new tax…
The Central Board of Direct Taxes (CBDT) has released the draft Income-tax Rules, 2026, marking a major procedural overhaul to…
With nearly 88% of individual taxpayers now opting for the new tax regime, the government is not considering a sunset…
“All tax disputes can’t be labelled as overreach”
It’s time for the government to write off the unrealised tax revenue not under dispute and relieve taxpayers from unwarranted…
The Income Tax Department has identified cases under the risk management framework and through the use of advanced data analytics…
Given the steep asking rate of 22.3% during November-March FY2026 to meet the Budget estimate, ICRA Chief Economist Aditi Nayar…
Many taxpayers expected quick refunds, but the processing has slowed down. CBDT Chairman Ravi Agrawal recently clarified that the main…
The move, which follows the disclosure of over ₹29,000 crore in the first phase, aims to boost compliance before severe…
Tax Audit Report Filing 2025-26: The Karnataka High Court and the Rajasthan High Court have directed the Central Board of…
Income Tax Return Due Date Extension: The September 15 deadline applies to non-audit taxpayers including individuals, Hindu Undivided Families (HUFs)…