The Central Board of Direct Taxes (CBDT) has invited inputs and suggestions from stakeholders for the Income-tax Act, 2025, which received the assent of the President in August 2025 and will come into force from April 1, 2026.
The Central Board of Direct Taxes (CBDT) has acted upon many intermediaries involved in filing income tax returns with bogus claims of deductions and exemptions under the Income Tax Act, the Ministry of Finance said on Saturday.
The Central Board of Direct Taxes (CBDT) is launching the second NUDGE campaign, under which SMSs and emails will be issued from Friday to identified NUDGE asking them to voluntarily review and revise their returns on or before 31 December 2025 to avoid penal consequences.
The Chief Secretary of Bihar, the DGP, the State Police Nodal Officer (SPNO), and the Chief Election Officer participated in this meeting online.
The development comes a day after the Rajasthan High Court's Jodhpur bench passed an interim order directing the CBDT to extend the last date for filing tax audit reports to October 31.
Ministry of Finance has brought changes for the purposes of calculation of ‘perquisite’ with regard to the value of rent-free…
As the last date of Income Tax filing has ended in July, the Income Tax Department has released data for…
Net direct tax collections so far this financial year are at Rs 700,669 crore, an increase of 23 per cent as compared to Rs 568,147 crore till the same period
Income Tax department said that CBDT has issued refunds of over Rs 1.14 lakh crore to more than 1.97 crore taxpayers.
The Supreme Court was told on Thursday that the Central Board for Direct Taxes (CBDT) has accused makers of Dolo-650 tablet of distributing freebies around Rs 1,000 crore to doctors as consideration for prescribing the tablet.
