CBDT

The income tax department's NUDGE campaign has resulted in 1.25 crore taxpayers filing updated or revised ITRs with payment of Rs 9,494 crore in additional taxes over the past 2 years, Minister of State for Finance Pankaj Chaudhary said on Monday. The Central Board of Direct Taxes (CBDT) has undertaken the NUDGE (Non-intrusive Usage of Data to Guide and Enable) campaign by leveraging data analytics, behavioural insights and digital communication platforms for improved tax collection efficiency in a non-intrusive manner. Under these campaigns, communications are sent to select taxpayers after due risk analysis to review and revise/update their Income Tax Returns (ITRs) already filed. The taxpayers are selected on the basis of advanced risk analysis identifying incorrect or non-reporting of assets or income, or excess claims of deductions or exemptions in their ITRs. During 2024-25 and 2025-26, the NUDGE campaign has resulted in 1.25 crore updated or revised ITR filings, and payment o

CBDT's Crypto-Asset Reporting Framework sets tax reporting norms for crypto firms from 2026, boosting transparency and paving the way for a clearer regulatory framework

The Central Board of Direct Taxes (CBDT) has issued a guidance note specifying that crypto exchanges and other intermediaries will have to report all transactions on their platforms to the Income Tax department. The objective of the guidance note on crypto asset reporting obligations is to bridge the information gap that existed because such assets could be transferred or held outside the traditional financial system. It is more procedural in nature while ensuring that crypto transactions become part of a transparent global tax reporting ecosystem. The note intends to explain the reporting obligations of Reporting Crypto-Asset Service Providers (RCASP) in line with the Crypto-Asset Reporting Framework (CARF) developed jointly by the Organisation for Economic Cooperation and Development (OECD) and participating countries, including India. The CARF is a global tax transparency framework which provides for the automatic exchange of tax-relevant information on transactions in crypto ..

The 198-page guidance note explains reporting obligations for crypto service providers under the Income-tax Act, 2025, in line with the OECD's Crypto-Asset Reporting Framework

Finance Minister Nirmala Sitharaman said the tax department must strengthen litigation management and prevent disputes as over 5.4 lakh first appeals remain pending

The court said the issue requires detailed examination and directed the Income Tax Department not to process judges' returns under the disputed arrangement

CBDT has enabled foreign asset and overseas income information in the Annual Information Statement to help taxpayers accurately disclose such details in income tax returns

Net direct tax collections rose 16.4% to ₹6.51 trillion by July 13, led by strong corporate tax growth and a sharp jump in securities transaction tax receipts

The Delhi Tax Bar Association has challenged a CBDT memorandum that restricts tax benefits on judges' allowances to the old income-tax regime

CBDT allows taxpayers to reset their e-filing password using DSC, net banking or email even without the registered mobile

The tax department will upload foreign financial information received under international information-sharing agreements into taxpayers' AIS and Form 26AS to improve transparency and compliance

The Appointments Committee of the Cabinet approves Ravi Agrawal's reappointment as CBDT chairman on a contract basis from July 1 to December 31, 2026

The Union government on Tuesday extended the tenure of CBDT Chairman Ravi Agrawal by six months, till December 2026. The 1988-batch Indian Revenue Service (IRS) officer was due to retire on Tuesday (June 30). An order issued by the Appointments Committee of the Cabinet (ACC) said it has approved the "reappointment" of Agrawal as Chairman, CBDT on a contract basis for a period of six months with effect from 01.07.2026 or until further orders, whichever is earlier, on the terms and conditions applicable to re-employed central government officers, in relaxation of the Recruitment Rules. He was appointed as the chief of the Central Board of Direct Taxes (CBDT), the policy-making body for the Income Tax Department, for a one-year term in June 2024. His tenure was extended by a year in June 2025. The CBDT is headed by a chairman and can have six members who are in the rank of special secretary.

CBDT has drawn up a multi-pronged strategy to achieve its ₹26.97 lakh crore direct tax target, backed by strong early collections

Net direct tax collections rose to ₹5.21 trillion as strong growth in non-corporate taxes and advance tax payments offset modest growth in corporate tax receipts

The CBDT has identified six categories of taxpayers for mandatory complete scrutiny in FY27. Understanding the triggers can help taxpayers stay prepared

CBDT has asked banks, mutual funds and other reporting entities to ensure timely and error-free filing of Statements of Financial Transactions

Net direct tax collections rose 5.12% in FY26, missing revised estimates as non-corporate tax growth remained flat despite robust corporate tax collections

Experts warn wider wording in new income-tax law could expand tax scope to indirect benefits, urging CBDT to clarify and prevent disputes for exporters

Tax uncertainty persists after Supreme Court's Tiger Global ruling despite GAAR relief, with concerns over treaty benefits, TRC validity and indirect transfer taxation