Cbdt

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'

Govt to notify all rules under new income tax law by December 31

Administrative groundwork for the new tax system accelerates as Budget preparations near; government aims to finalise around 400 rules and 180 forms for a leaner framework

Rajasthan High Court extends due date for tax audit to October 31: Is similar notification expected across India? Tax expert clarifies

The Rajasthan High Court's Jodhpur Bench has issued an interim order in response to a writ petition filed by the Tax Bar Association Jodhpur. Similar petitions have been filed across the country.

Capital gains from JDAs under lens, CBDT directs directorates to flag missing disclosures

CBDT rolls out a standard operating procedure for tighter monitoring of real estate transactions. CBDT has directed all its investigation directorates to adopt the model and submit compliance reports by October 31

New Income Tax Act: CBDT plans FAQs, streamlined rules to aid taxpayers, says RN Parbat

The new income tax Act will come into effect from April 1, 2026

Income-Tax Act 2025 receives President's assent

The Act paves way for a simplified and modernised tax regime from April 2026.

FM Sitharaman directs CBDT to withdraw all low-value tax cases within 3 months

Of the 5.77 lakh pending appeals, over 2.25 lakh cases are targeted for disposal in FY 2025–26, potentially resolving more than Rs 10 lakh crore of disputed tax demand.

CBDT uses AI to track taxpayer behaviour, flags mismatches and nudges non-filers: Report

AI is also assisting in validating deduction and exemption claims by cross-referencing them with Form 16, Form 26AS, and the AIS

CBDT to intensify AI-powered crackdown on tax evasion ahead of new I-T Law: Report

To encourage voluntary compliance, the department has been proactively sharing financial transaction data with taxpayers.

Drop in tax collection not a worry, expect 5–6% rise in September, says govt source

The government has pegged mid-year mop-up at Rs 11.34 lakh crore, driven by inflows from the second advance tax instalment which is due September 15

Govt extends tenure of CBDT Chairman Ravi Agrawal till June 2026

Ravi Agrawal's appointment will be on a contract basis, continuing until June 30, 2026, or until further notice, the official notification said.

Net direct tax collection slips 1.39% to Rs 4.58 lakh crore; refunds surge over 58%

While the non-corporate tax witnessed 2.68 percent negative growth in advance tax, corporate tax grew by 5.86 percent till June 19.