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CBDT Chairman Ravi Agrawal has directed the Income Tax Department to adopt a proactive stance in preparation for the upcoming transition to the new direct tax law. With implementation slated for April 1, the Chairman urged officials to execute their duties with ‘clarity and purpose’ to ensure a seamless shift for taxpayers and the administration […]
The Central Board of Direct Taxes (CBDT) Chairman, Ravi Agrawal, stated that the income tax department, under the facilitated Income Tax Act 2025, shall notify the new ITR forms and pertinent rules by January. From 1 April 2026, these updated regulations will come into force, marking the transition from the nearly six-decade-old Income Tax Act […]
The CBDT has issued a new Notification No. 156/2025 [S.O. 5006(E)] giving income tax exemption to the Karnataka Housing Board under section 10(46A). Meenakshi Singh, Deputy Secretary, issues the notification which cites that the Central Government, in exercise of powers provided under sub-clause (b) of clause (46A) of Section 10, has recognised the Karnataka Housing […]
On October 29, the Central Board of Direct Taxes (CBDT) extended the last date for filing the ITRs and audit reports for the AY 2025-26, given the relief to the taxpayers and professionals. The amended due dates for filing the audit reports and ITR are November 10 and December 10, respectively. The taxpayers, before the […]
The Punjab and Haryana High Court has given a warning to the Central Board of Direct Taxes (CBDT) for not following the order of the High Court on October 13, 2025, which asked for an extension of the income tax return (ITR) filing due date for audited cases. The court said that the continued inaction […]
Under the Ministry of Finance, the Central Board of Direct Taxes (CBDT) has issued Notification No. 155/2025, authorising the Commissioner of Income Tax, Centralised Processing Centre (CPC), Bengaluru, to exercise concurrent powers under the Income-tax Act, 1961. The Commissioner, CPC Bengaluru, under the notification, can now- Such powers apply to all cases where the orders […]
The Ministry of Finance, through the Central Board of Direct Taxes (CBDT), has issued two important notifications, No. 151/2025 and No. 152/2025, dated October 15, 2025. These notifications grant income tax exemptions to two entities: the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) and the Rajasthan State Seed and Organic Certification Agency (RSSOCA). Published […]
Since the government has rolled out the new fraud detection measure to curb the bogus or inflated refund claims, the income tax refunds of India have been reduced this year. As per the official data, between April and October 2025, there is a fall in the refunds issued by approximately 16% year-on-year, slipping from about […]
A major update has been rolled out by the Income Tax Department for its e-filing portal, proposing that taxpayers have enhanced transparency in faceless assessments and appeals. The same decision is anticipated to carry effective clarity and facilitate tracking for millions of taxpayers in the nation. Taxpayer from this update can see when their submissions […]
