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CBDT News

Nirmala Sitharaman

24 Jun 2025

FM Sitharaman Directs CBDT To Cut Pendency In Grievance Redressal Mechanisms

The Finance Minister directed all Principal Chief Commissioners of Income Tax to prioritise and accelerate the disposal of disputed tax demands that are currently pending before the faceless appellate authorities.

21 Jun 2025

Gross Direct Tax Collections Up 4.9% At Rs 5.45 Lakh Crore, Refunds Rise 58%

The I-T department recently launched the 'e-Pay Tax' feature which aims to simplify tax-related procedures for taxpayers.

21 Jun 2025

CBDT Probe Into Swiss Accounts Boosts Revised ITR Tax Declarations

The Central Board of Direct Taxes (CBDT) regularly undertakes a systematic review of data received and identifies taxpayers, whose cases require further verification.

Central Board of Direct Taxes

18 Jun 2025

Old Income Tax Filing Refund: Know How November 2025 Deadline Is A Good News

Tax filers who have filed thair ITR Assessment Year 2023-24, but haven’t got any information on refund, should know how November deadline could bring good news.

27 May 2025

Good News For Taxpayers! Income Tax Dept Extends Deadline For Filing ITRs

ITR Filing Deadline For FY 2024-25: The CBDT has notified the income tax return forms ITR-1 and ITR-4 for the financial year 2024-25 and the assessment year 2025-26 on April 30.

03 May 2025

CBDT Notifies New ITR Form 5 For 2025-26 With Key Updates

The form now allows the reporting of capital loss incurred on share buybacks.

28 Apr 2025

CBDT Steps Up Drive Against Black Money & Tax Evasion, Sets Targets For...

The new push comes as part of a comprehensive plan to bring elusive businesses, that escape the taxman’s lens due to limited availability of data, into the tax net and increase the country’s revenue collections.

24 Apr 2025

1% Tax On All Luxury Goods Priced Above Rs 10 Lakh --Check Full List Of Items

The CBDT has said that luxury goods of value exceeding Rs10 lakh will attract TCS (tax collected at source).

Central Board of Direct Taxes

10 Apr 2025

Vivad Se Vishwas Scheme: Last Date For Settlement Of Tax Arrears Is...

Central Board of Direct Taxes (CBDT) has notified April 30 as the last date for direct tax dispute resolution scheme Vivad Se Vishwas.

Income tax bill

09 Mar 2025

Claims That New Powers Being Introduced In New Income Tax Bill Incorrect

One of the sources also reiterated that "this is not the standard practice." It applies only in exceptional circumstances.

01 Jan 2025

ITR Filing Deadline Extended For Belated And Revised Returns For AY 2024-25

ITR Filing Deadline: Earlier, the last date for resident individuals to make these submissions for assessment year (AY) 2024-25 was set at 31st December 2024.

17 Dec 2024

CBDT Launches Campaign To Intimate Taxpayers On Mismatch In ITR Filed And AIS

Mismatch In ITR Filed: The CBDT said that the purpose of this campaign is to remind and guide individuals who may not have fully disclosed their income in their ITRs to take this opportunity to file revised or belated ITRs for FY 2023-24, the last date of which is December 31.

20 Nov 2024

Taxpayers Hit: New Rule Limits Tax Refund Claims for Past Periods

The Central Board of Direct Taxes (CBDT) has recently released a circular addressing the process for submitting condonation of delay applications related to filing Income Tax Returns (ITR). This request enables taxpayers to file their ITRs even after the official deadline for submission or revision has passed.

26 Oct 2024

Govt Should Prioritise Review Of Income Tax Act: SBI Research

The Central Board of Direct Taxes (CBDT) has formed an internal committee to oversee a comprehensive review of the Income-tax Act, 1961 (Act), as was announced in the Union Budget 2024-25 by Finance Minister Nirmala Sitharaman.

01 Oct 2024

Income Tax Audit Report Deadline Extended For AY 2024-25: Check New Date

Income Tax Audit Report Deadline: The new deadline specifically applies to assessees covered under section 139 of the Income Tax Act, 1961.

30 Sep 2024

New Rule For Taxpayers Kicks In From Tomorrow, 1 October 2024 -- Check Details

The rules pertaining to Direct Tax Vivad Se Vishwas Rules 2024, which will provide lesser settlement amounts for a ‘new appellant’ in comparison to an ‘old appellant’.

23 Sep 2024

New Rule For Taxpayers Effective From 1 October-- Here's All You Want To Know

The Central Board of Direct Taxes (CBDT) has notifies Rules and Forms for Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, that provides for lesser settlement amounts for a ‘new appellant’ in comparison to an ‘old appellant’.

Direct Tax Scheme

22 Sep 2024

Vivad Se Vishwas Direct Tax Scheme: Check Benefits, Who Can Use the Scheme?

The Direct Tax Vivad Se Vishwas Scheme, 2024, applies to cases where appeals have been filed with the Commissioner (Appeals), Dispute Resolution Panel (DRP), Income Tax Appellate Tribunal (ITAT), High Court, or Supreme Court.

08 Aug 2024

CBDT Eases TDS Rule In Cases Of Death Of Deductees

In view of the genuine difficulties being faced by the taxpayers, the CBDT issued the Circular dated 05.08.2024, and vide the same, the government has relaxed the provisions of TDS/TCS as per the Income-tax Act, 1961, in the event of death of deductee/collectee before linking of PAN and Aadhaar, it added.

07 Aug 2024

Provisions Of TDS/TCS In Case Of Death Of Deductee Or Collectee Relaxed

On April 23, 2024, CBDT extended date for linking of PAN and Aadhaar May for the taxpayers (for the transactions entered into upto March 2024) to avoid higher TDS/ TCS as per the income tax act.

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