CBDT Asks Tax Filers To Review, Revise Returns Before 31 December To Avoid Penal Consequences
CBDT has advised all eligible taxpayers to utilise this opportunity to ensure complete compliance with statutory reporting requirements.
Dec 24, 2025, 09:47 AM IST
Government Launches NUDGE Campaign For AY 26 To Help Taxpayers Fix Return Errors Voluntarily
NUDGE Campaign: The data shows that some returns contain incorrect or invalid PANs of donees, while others have errors regarding the actual amount of the deduction claimed.
Dec 23, 2025, 20:54 PM IST
Taxpayers Alert: New ITR Forms Under Income Tax Act 2025 Before FY28– Details Here
The Central Board of Direct Taxes (CBDT) is holding detailed talks with tax experts, industry representatives and income tax officials nationwide to revamp the ITR forms. The goal is to make the forms more simple, clear and easy for taxpayers to understand.
Dec 14, 2025, 14:34 PM IST
CBDT Acts Upon Intermediaries Involved In Bogus ITR Deductions: Govt
The CBDT said that it carried out follow-up searches against some of these RUPPs and Trusts and gathered incriminating evidence in respect of bogus donations by individuals and bogus CSR by companies.
Dec 13, 2025, 16:47 PM IST
Income Tax Dept To Alert 25,000 Taxpayers Over Foreign Assets — Are You On The List?
The Finance Ministry has revealed that advanced data analytics applied to AEOI (Automatic Exchange of Information) records have identified several high-risk cases. In the first phase, about 25,000 taxpayers will receive alerts regarding possible unreported or incorrectly reported foreign assets.
Nov 28, 2025, 15:33 PM IST
CBDT To Nudge High-Risk Taxpayers Holding Foreign Assets To Review And Revise Returns
Analysis of the Automatic Exchange of Information (AEOI) for FY 2024-25 (CY 2024) by CBDT has identified high-risk cases where foreign assets appear to exist but have not been reported in the ITRs filed for AY 2025-26.
Nov 27, 2025, 14:35 PM IST
ITR Refund Stuck For Weeks? CBDT Breaks Silence With Big Update You Can’t Ignore
CBDT Chairman Ravi Agrawal has clarified the reasons and shared when taxpayers can expect pending refunds to be credited.
Nov 25, 2025, 18:33 PM IST
CBDT Chief Confident Of Achieving Rs 25.2 Lakh Crore Direct Tax Collection Target For FY26
Speaking on the sidelines of the India International Trade Fair (IITF) here, Agarwal stated direct tax mop-up is growing at 6.99 per cent as compared to last year, which is an encouraging trend.
Nov 17, 2025, 16:22 PM IST
CBDT Empowers CPC Bengaluru To Expedite Tax Rectifications And Refunds
With the new directive, CBDT has authorised the CPC in Bengaluru to exercise concurrent powers under Sections 120(1) and 120(2) of the Income-Tax Act, 1961, ensuring quicker resolution of taxpayer grievances arising from computation errors or refund mismatches.
Nov 10, 2025, 13:52 PM IST
No Tax Rebate Under Section 87A On Short-term Capital Gains, Taxpayers Asked To Clear Dues By December: CBDT
In the financial year 2023-24, many taxpayers claimed a rebate on short-term capital gains, but the Income Tax department denied their requests and raised demands for the pending taxes.
Sep 24, 2025, 08:26 AM IST
SEBI Simplifies Process Of Transferring Securities From Nominees To Legal Heirs
Earlier, SEBI had simplified the appointment of nominees to ensure smooth transfer of securities after the death of an investor.
Sep 19, 2025, 23:35 PM IST
Industry Chamber Urges CBDT To Extend ITR Filing Deadline
The chamber noted that although ITR-5 was made available on August 8, ITR-1 through ITR-4 were only made available on July 30. ITR-6 and ITR-7 are yet to be released. Likewise, the tax audit forms, Forms 3CA-3CD and 3CB-3CD, were only released on July 29.
Aug 16, 2025, 15:05 PM IST
Big Relief To Tax Payers! Deadline Extended For Processing Of E-Filed ITRs Which Were Erroneously Rejected
CBDT has directed that returns of income filed electronically upto 31.03.2024 which have been erroneously invalidated by CPC shall now be processed.
Jul 29, 2025, 09:29 AM IST
Centre Extends Tax Exemption Benefits To IREDA Bonds Effective From July 9
The tax benefit has kicked in with effect from July 9, 2025.
Jul 11, 2025, 09:06 AM IST
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.
Jun 24, 2025, 09:05 AM IST
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.
Jun 21, 2025, 11:58 AM IST
CBDT Scanner On Swiss Accounts Leading To Higher Tax Declarations In Revised ITRs
The Central Board of Direct Taxes (CBDT) regularly undertakes a systematic review of data received and identifies taxpayers, whose cases require further verification.
Jun 21, 2025, 08:57 AM IST
Old Income Tax Filing Refund: Know How November 2025 Deadline Is A Good News For Tax Filers
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.
Jun 18, 2025, 15:10 PM IST
Good News For Taxpayers! Income Tax Dept Extends Deadline For Filing ITRs For FY 2024-25; CBDT Cites New Form Changes
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.
May 27, 2025, 19:00 PM IST
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.
May 03, 2025, 13:52 PM IST