Cbdt

CBDT confident of meeting FY26 tax target; refund checks slowing outflows

Chairman Ravi Agarwal says the department expects to meet its ₹25.2 trillion direct tax goal for FY26, with refunds slowing due to verification of incorrect claims and a dip in filings this year

CBDT plans nationwide outreach ahead of new Income Tax Act, 2025 rollout

Starting January 2026, the CBDT will conduct nationwide awareness and training programmes to familiarise taxpayers with the new Income Tax Act, 2025, which comes into effect on April 1, 2026.

Retain transfer proof, receipts in political donations for future scrutiny

The receipt must have details such as donor name, amount, date, payment mode, PAN, and party registration number

CBDT extends return filing deadline for audit cases to December 10

Tax experts pointed out that the press release appears to have missed granting relief to taxpayers covered under transfer pricing (TP) provisions

I-T department begins action on firms failing to report high-value deals

The Income Tax Department has started issuing notices and levying penalties on these non-compliant entities, directing field officers to complete the process by end-November

Net direct tax haul jumps 6% to ₹11.89 trillion on personal tax filings

Higher personal income tax inflows and expanding non-corporate taxpayer base drive the rise in direct tax collections, reflecting robust domestic demand and compliance

CBDT extends due date for FY25 tax audit report filing to October 31

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

CAG and CBDT sign MoU to enhance operational effectiveness

The Office of the Comptroller and Auditor General of India entered into a Memorandum of Understanding (MoU) with the Central Board of Direct Taxes (CBDT) here on Tuesday. The MoU was signed by Ravi Agrawal, Chairman, CBDT, and AM Bajaj, Dy CAG (Commercial & CRA), in the presence of CAG K Sanjay Murthy.Both organisations will collaborate to promote academic, training, and research interaction/cooperation in capacity development and research activities in areas of mutual interest.The CAG emphasised that the signing of the MoU will significantly enhance professional cooperation and capacity-building efforts, particularly in data-driven technology, between the two Departments. This MoU will serve as a strategic framework to bridge the skills gap between the two institutions and foster mutual growth.This partnership will focus on a range of initiatives, including training workshops, joint seminars, sharing audit insights based on advanced data analytics, and the use of innovative ...

Net direct tax collection up 9% to Rs 10.82 trn till Sep 17 as refunds dip

Net direct tax collections grew 9.18% YoY to Rs 10.82 trillion till Sept 17 in FY26, driven by higher non-corporate tax inflows and lower refunds, while advance tax rose 2.9%

CBDT issues SOP to track capital gains from JDAs, reports due Oct 31

CBDT has issued an SOP for field officers to track capital gains from JDAs using RERA data, cross-checking with ITRs and requiring reports to be submitted by October 31, 2025

Jane Street case: CBDT investigating misuse of India-Singapore treaty

Jane Street has been under the spotlight since July, when the Securities and Exchange Board of India (Sebi) barred the firm from trading in domestic markets over alleged manipulative practices

Govt extends ITR filing deadline for AY 2025-26 by a day to Sept 16

The e-filing portal will remain in maintenance mode from 12:00 am to 2:30 am on September 16, 2025

Tax break for global funds extended: what it could mean for your portfolio

Extension of tax breaks till 2030 aims to deepen foreign inflows in infra, but retail investors may only see limited indirect gains, say experts

Net direct tax collection down 4% to nearly ₹6.63 trillion till August 11

Net direct tax collections fell to Rs 6.63 trillion till August 11 in FY26 due to higher corporate refunds, while gross collections also declined 1.9%

Direct tax disputes soar 198% amid rising vacancies in revenue dept

In indirect taxes, the number of cases went up from 1.13 lakh to 1.26 lakh, and the value involved more than doubled to ₹7.4 trillion during the same period

Category III AIFs get tax relief as Delhi HC reads down CBDT circular

Delhi HC quashes BAR ruling and interprets 2014 CBDT circular to remove tax ambiguity for Category III AIFs, aligning with investor confidentiality and Sebi norms

Income Tax dept working on rules for new direct tax law: CBDT chief

The chairperson of the Central Board of Direct Taxes said the department is aligning its enforcement approach with a principle of "empathy", aiming to improve voluntary compliance

CBDT using AI tools to boost income-tax compliance, says Chairman Agrawal

Speaking on using artificial intelligence to monitor taxpayer behaviour, CBDT Chairman Ravi Agrawal stated that the department's role remains facilitative and non-intrusive

New NFRA chief Nitin Gupta brings experience of policy and Investigations

Nitin Gupta, the new chief of the National Financial Reporting Authority (NFRA), brings years of experience in policy-making and investigations, particularly in tackling complex financial issues

Ex-CBDT chief Nitin Gupta appointed NFRA chairperson for 3-year term

Nitin Gupta succeeds Ravneet Kaur as NFRA chair; watchdog is auditing Gensol and assessing discrepancies in IndusInd Bank account balances