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    Cbdt News

    IT dept targets entities over suspicious foreign remittances in 3 yrs: Official

    On August 18, the department launched a nationwide detailed verification exercise to verify these foreign remittances, focussing on shell entities.
    India News
    Updated 35 days ago

    What is buyback tax? Income Tax Dept explains Budget 2026 changes

    Budget 2026: Buyback tax overhaul to ease burden on retail investors
    India News
    Updated 232 days ago

    Got an SMS from Income Tax dept about tax returns? CBDT issues a statement

    CBDT said it has launched an initiative to encourage taxpayers to voluntarily review and correct their deduction and exemption claims. (HT Photo/Vipin Kumar)
    India News
    Updated 272 days ago

    I-T department to launch campaign asking taxpayers to report foreign assets

    The first NUDGE campaign was launched in November 2024. (www.incometax.gov.in)
    India News
    Published 299 days ago

    ITR refunds: What's causing the delay? CBDT chairman shares update

    CBDT chairman said that some of the income tax refund claims were identified as "high-value" or were "red-flagged" by the system due to claims of certain deductions.
    Business
    Published 300 days ago

    Income tax audit deadline extended: Corporates, taxpayers get relief till Dec 10

    CBDT has decided to extend the due date of furnishing of Return of Income for the AY 2025–26.
    Business
    Updated 328 days ago

    CBDT extends deadlines for filing various audit reports

    The system is stable and fully functional, enabling submission of various statutory forms and reports.
    India News
    Published 362 days ago

    Explained: Why CBDT extended deadline to file Income Tax returns to Sept 15

    FILE PHOTO: CBDT has already notified extensively modified income tax returns forms for AY (assessment year) 2025-26 in the last two months (REUTERS)
    India News
    Updated 483 days ago

    ITR filing extension: CBDT announces new deadline for AY 2025-26

    In a statement, CBDT said this extension will provide more time due to significant revisions in ITR forms.
    India News
    Updated 483 days ago

    CBDT to closely monitor top taxpayers, crack down on bogus deductions

    CBDT has instructed IT officials to monitor top advance taxpayers to boost direct tax collections this financial year
    Business
    Published 506 days ago

    I-T Dept uncovers ₹22,000 crore in undisclosed foreign assets and investments

    Revised Income tax slabs: Under the new tax regime, a nil tax slab will apply to annual incomes up to <span class='webrupee'>₹</span>12 lakh ( <span class='webrupee'>₹</span>12.75 lakh for salaried taxpayers with a standard deduction of <span class='webrupee'>₹</span>75,000).
    Business
    Published 581 days ago

    Only 1/3rd electoral trusts received donations: ADR report

    Only 1/3rd electoral trusts received donations: ADR report
    India News
    Published 588 days ago

    Income tax dept extends belated, revised ITR deadline: Details here

    This means that all those who have to file their return by December 31, but haven't done so, will get an additional two weeks to do it.
    Business
    Published 630 days ago

    Income Tax department extends ‘Vivad Se Vishwas’ scheme deadline to January 31

    The Vivad Se Vishwas scheme allows taxpayers to effectively conclude all their income tax disputes and also avoid additional penalties.
    Business
    Published 630 days ago

    CBDT notifies tolerance range for transfer pricing

    (Mint)
    India News
    Updated 692 days ago

    CBDT notifies tolerance range for transfer pricing for AY 2024-25

    The tolerance ranges shall be 1% for transactions in the nature of wholesale trading and 3% for others. (Representative file photo)
    Business
    Published 693 days ago

    Relief against income tax offences as charges for TDS default reduced: Details

    New CBDT guidelines streamline the compounding process under the Income-tax Act, easing accessibility for taxpayers. They eliminate offence categorization and allow unlimited applications, while also reducing compounding charges and abolishing interest on delayed payments.
    Business
    Published 704 days ago

    CBI arrests ED official for extorting ₹20 lakh from jeweller

    ED has also registered a case against Singh under the Prevention of Money Laundering Act (PMLA) and has taken action to place him under “immediate suspension” and repatriate him to his parent department, the financial crimes probe agency said in a statement. It also carried out joint raids with the CBI on Thursday in the matter at Singh’s office. (Representational image)
    Cities
    Updated 774 days ago

    Tax practitioners urge CBDT to extend ITR filing deadline to August 31

    Tax practitioners said that the process of paying self-assessment tax through banks and downloading challans is time-consuming.
    Business
    Updated 784 days ago

    Ravi Agrawal appointed CBDT chairman

    The new CBDT chief is currently working as Member (Administration) in the Board at present.
    India News
    Published 815 days ago

    I-T department to tap 1.52 crore individuals for ITR filing. Here's why

    An official said that in financial year 2022-23, there were about 8.9 crore taxpayers while the returns filed were 7.4 crore.
    Business
    Published 892 days ago

    Delhi HC sets aside order directing CBDT to provide info on Ram Temple trust

    The CPIO approached the high court challenging CIC’s November 2022 order. (Getty Images/iStockphoto)
    India News
    Published 935 days ago

    Direct tax collections reach ₹11.07 lakh crore, up 18% YoY

    Representative Image
    Business
    Published 1078 days ago

    I-T dept collects over ₹700 crore in TDS from online gaming, crypto trade

    <span class='webrupee'>₹</span>600 crore collected in taxes under TDS for online gaming.
    Business
    Published 1078 days ago

    CBDT Chairperson Nitin Gupta given nine-month extension

    CBDT Chairperson Nitin Gupta
    Business
    Published 1088 days ago

    Gross direct tax collections grew 24% to ₹15.67 lakh crore this fiscal

    The revised estimates for the current fiscal pegged direct tax revenues at <span class='webrupee'>₹</span>16.50 lakh crore.
    Business
    Published 1319 days ago

    Two-thirds taxpayers likely to shift to new regime in 2023-24 itself: CBDT chief

    Representative Image
    Business
    Published 1327 days ago

    Gross direct tax grows 26% net collections, near 80% of Budget target for FY23

      India’s direct tax revenue jumped have grown 26 per cent to over <span class='webrupee'>₹</span>13.63 lakh crore so far in financial year 2022-23.
    Business
    Updated 1374 days ago

    PAN holders, missed deadline to link to Aadhaar? Tax department says this

    Representative Image
    Business
    Updated 1401 days ago

    I-T dept raids in J'khand unearth ₹2 cr in cash, ₹100 cr unaccounted transaction

    Raids were also conducted at other locations related to coal traders and businessmen in Chaibasa and Jamshedpur (HT Photo)
    India News
    Updated 1414 days ago
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