Cbdt

GAAR not applicable on income from transfer of investments prior to April 2017: CBDT

CBDT has amended Income-tax Rules, 2026, saying that any income accruing or received by any person from transfer of investments made before April 1, 2017, will not come under the General Anti Avoidance Rules

5 foreign HFT traders receive tax queries in the aftermath of Jane Street saga

Tax department has raised queries on some of the practices of these traders who are using various international structures to avoid India tax

CBDT launches PRARAMBH outreach, AI chatbot for smooth rollout of new Income Tax Act from April 1

Chairman Agrawal also announced the launch of 'Kar Saathi', an AI-enabled chatbot that will provide round-the-clock assistance to taxpayers through the department's website.

India gets new I-T regime from April 1 as CBDT notifies income-tax rules

New valuation rules for perquisites, including housing, cars and low-interest loans, will change how taxable salary is calculated, impacting take-home pay for millions of employees

Net direct tax collections till March 17 at Rs 22.80 lakh crore, up 7.2% YoY

As compared to the corresponding period of last fiscal year, the net direct tax collections were up 7.19 percent on year.

Reinvested foreign ESOP dividends leading to under-reporting of overseas income in tax returns

Dividends automatically reinvested into additional shares often go unreported as employees assume no taxable income will arise when no cash is credited

Mapping shift from old to new Income Tax Act, 2025: Where key sections have moved

Under the Income Tax Act (ITA), 2025, the government has renumbered most sections without materially changing the core philosophy of the current Income Tax Act, 1961.

Net direct tax collections till February 10 at Rs 19.43 lakh crore, up 9.4% YoY

As compared to the corresponding period of last fiscal year, the net direct tax collections were up 9.4 percent on year.

Only about 100 IT firms outside safe harbour; CBDT chairman assures APAs within two years for rest

The intent is very clear, no company in the IT, IT-enabled services or KPO space should be left without an avenue for tax certainty, whether through safe harbour or through APAs.

Tax department issues notices to 4–5 foreign digital firms over permanent establishment

The companies plan to challenge the assessments before income-tax officers or the Dispute Resolution Panel, as the matter centres around the definition and scope of permanent establishment

Net direct tax collections till January 11 at Rs 18.37 lakh crore, up 8.8% YoY

As compared to the corresponding period of last fiscal year, the net direct tax collections were up 8.8 percent on year. This growth is lower than the projection made in the Budget.

New Income Tax Act to roll out from April 1: Here's what CBDT chief told tax officials

Calling 2026 a year of "special significance" for the department, the CBDT chief urged the officials for their "readiness, understanding of the law and shared confidence in its implementation".

Large taxpayers may soon have fully automated tax compliance systems

The central government has begun granting API access to tax portals, paving the way for AI-led automation tools for filings and compliance.

CBDT launches data-driven nudge campaign for AY26, flags bogus political donations

The initiative, which is advisory in nature, requires identified taxpayers to file revised income-tax returns (ITRs) by December 31, 2025.

Tax scrutiny hits startup founders over undisclosed foreign ESOPs

ESOPs allotted to founders and executives of companies with externalised structures are in the radar of the tax department

Income Tax Notices: Employees nudged to declare their foreign assets

If the taxpayer has failed to report foreign assets and income in the original ITR, there is an opportunity to rectify this through filing a revised return

Net direct tax collections till December 17 at Rs 17.04 lakh crore, up 8% YoY

As compared to the corresponding period of last fiscal year, the net direct tax collections were up 8 percent on year. This growth is lower than the projection made in the Budget.

Vivo may also face I-T probe as SFIO flags profit diversion, findings to be shared with CBDT

The development comes as SFIO prepares to file its chargesheet against Vivo in a suspected diversion of more than Rs 2,000 crore

PAN–Aadhaar linking deadline nears: Do this before Dec 31 or your PAN will go inactive

Anyone who received their PAN and Aadhaar before October 1, 2025, must link the two by December 31, 2025.

Paying tax fine under CBDT 'Nudge' scheme won't erase PMLA, FEMA violations, say legal experts

CBDT announced commencement of second phase of Nudge initiative targeting taxpayers who have undisclosed foreign assets.

CBDT crackdown on unreported foreign assets and income: What is it and how to avoid penalty?

CBDT will be sending SMSs and emails to taxpayers who’ve been identified as not disclosing foreign income and assets in the ITR filed for AY 2025-26.

CBDT flags 25,000 high-risk foreign asset cases; second ‘nudge’ campaign begins

SMS and email advisories to be sent from November 28 as CBDT strengthens voluntary compliance with foreign asset disclosure rules

Delayed Income Tax Refunds? Here's when you can expect the payouts

Agrawal said a "negative growth" was being seen in refunds, maybe because refund claims have also gone down, even as TDS (Tax Deducted at Source) rates were rationalised.

New Income Tax Act: CBDT to notify fresh ITR forms and rules by January

The new law removes redundant provisions and archaic language and reduces the number of sections from 819 in the Income Tax Act of 1961 to 536 and the number of chapters from 47 to 23.

CBDT seeks clarifications from MeitY on proposed tax incentives for data centres

'Tax policy must clearly define who qualifies for an exemption. We cannot have a situation where any company with a few servers claims to be a data centre. The definition has to be precise and backed by clear conditions'