Cbdt

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.

FM to review CBIC and CBDT performance; Refund delays, vigilance pendency in focus in June

Timely refund processing, cargo dwell time, and litigation backlog to dominate Finance Minister’s interactions with tax field formations

ITR filing deadline extended from July 31, 2025 to September 15, 2025

This extension will provide more time due to significant revisions in ITR forms, system development needs, and TDS credit reflections, says CBDT

Listed share acquisitions: Govt weighs relief to shield deals from tax volatility

Companies contend that the existing tax rules fail to account for stock price fluctuations between deal signing and execution

Tax department's compliance nudge results in 30,161 taxpayers declaring foreign assets worth Rs 29,000 crore

The declarations came as part of the Central Board of Direct Taxes’ (CBDT) Compliance-Cum-Awareness Campaign, aimed at encouraging voluntary disclosures of offshore wealth and income.

After the big Income Tax Act overhaul, the grunt work begins by CBDT

The CBDT has begun the work of redoing all forms, the rule book will be simplified, redundancies done away with.

PPT guidance: CBDT grandfathers treaty benefits with Mauritius, 2 more nations

India has made certain treaty-specific bilateral commitments in the form of grandfathering provisions in the DTAAs signed with Singapore, Mauritius and Cyprus.

Net direct tax collection up over 15.9% at Rs 16.89 lakh crore

While the non-corporate tax witnessed 21.5 percent growth in advance tax, corporate tax grew by only 8 percent till January 12.

Union Budget 2025: Time ripe for a tax cut for India’s salaried class

A more pronounced slowdown in urban consumption and high food inflation have solidified calls for lowering the burden on India’s salaried class, which could in turn spur demand and boost overall economic activity.

Budget 2025 may propose simplified tax regime for foreign semiconductor firms to boost manufacturing in India

The presumptive taxation scheme allows foreign entities to calculate their income as a percentage of their turnover, bypassing the need for detailed accounting

Revamped Income Tax Act likely to take over a year to get implemented

Sources tell Moneycontrol that the implementation of the proposed IT Act will take over a year. The proposed overhaul envisages an extensive review of the current Act, which spans 23 chapters. A review committee, comprising 23 sub-committees and working groups, is scrutinising each chapter to identify areas for improvement.

Net direct tax collection up over 16.45% at Rs 15.82 lakh crore

While the non-corporate tax witnessed 35 percent growth in advance tax, corporate tax grew by only 16.71 percent till December 17.

CBDT launches campaign to intimate taxpayers on mismatch in ITR filed and AIS

This campaign also targets individuals who have taxable income or significant high-value transactions reported in their AIS but have not filed ITRs for the respective years.

Rate changes not a part of the Income-Tax Act review, says govt official

The income tax review committee is to looking to finalise and submit all the 23 reports by mid-December

CBDT extends tax return filing deadline to December 15

The income tax return filing deadline has been extended for taxpayers who have international transactions and are required to furnish reports under Section 92E.

CBDT weighs overhaul of designations for income tax officials to secure better clarity

As part of the restructuring, the condonation of delay, a critical process that allows taxpayers to verify their Income Tax Return (ITR) or file it after the deadline, was also reviewed